Topic: Long term investment strategy (Read 131 times)
Thanks for the article, now I'm interested and studying all the strategies for investing. Each has its own shortcomings and advantages, the main thing is that it's right for you.
It's my favorite investment strategy too. I didn't know this term before reading your thread.
I buy my cryptos on Monday morning and I don't care much about the price. So far it seems that this method is working.
For long-term holding, it's just perfect. In this forum, someone gave me another good advice too, If you want to be a holder do not check the prices of your coins more than once a week. He had also right, sometimes you want to cash out.
I buy my cryptos on Monday morning and I don't care much about the price. So far it seems that this method is working.
For long-term holding, it's just perfect. In this forum, someone gave me another good advice too, If you want to be a holder do not check the prices of your coins more than once a week. He had also right, sometimes you want to cash out.
I see that many people are worried about timing the markets and whether they should hodl or sodl.
If you are going to invest for the long term in cryptocurrencies, you can consider a strategy called "dollar cost averaging" to reduce the level of emotion behind your investment decisions.
The link below gives a brief explanation on the concept.
https://www.cryptoinfomag.com/2018/01/06/taking-the-emotion-out-of-investing/
If you are going to invest for the long term in cryptocurrencies, you can consider a strategy called "dollar cost averaging" to reduce the level of emotion behind your investment decisions.
The link below gives a brief explanation on the concept.
https://www.cryptoinfomag.com/2018/01/06/taking-the-emotion-out-of-investing/
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