So if l may ask the cryptocurrency enthusiants. How long had you made the long term crypto currency investments and how much profit did you make. If you can mention the type of coin invested it would be a very great idea.
Long term crypto investments.
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riberet19
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I have made the big profits in terms of 3 to 5 years, especially in the top 10 cryptocurrencies, if you invest in the majority of the top 10, you will make money in the long term.
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I have been collecting Bitcoin since early 2012 but I have been buying Bitcoin for investment since 2015, Bitcoin has given me the most profit, I have also made profit from investing in altcoins such as Litecoin, Solana and Ethereum.
I have held crypto, BNB to be particular. I have held it for a whole one year and it has really profited me. That is the longest I have held a crypto token.
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I am yet to make substantial profits through my crypto investment. I plan to hold for at least 5 more years
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Investing in crypto for the long term does not mean sitting idle and letting price fluctuations pass without doing anything, when the price of crypto is high, especially Bitcoin, I sell/swap to stablecoin some (40%) of the total Bitcoin I have to take profit. Likewise, when the price of Bitcoin is low, I take a long position.
How do sell Bitcoin? Do you first swap into some stabile like USDT or you sell it directly into FIAT on exchange service?
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Every situation is different, I often swap Bitcoin to stablecoin when the price is high because it is only temporary to take profit, sometimes I also sell directly to fiat money when I need cash.
