Pages:
Author

Topic: The goodness of long-term investing in cryptocurrency - page 4. (Read 844 times)

hero member
Activity: 3010
Merit: 629
* Easy - So, because it's less stressful, this kind of investing is easier, you don't need to be an expert or a good trader. You know how to analyze, signals, charts, and more. That's why you don't need those because you will only invest once, or if you always do something simple and that is just buying buy.
It's easier compared to being an active trader. But it doesn't mean there's a guaranteed profit since investing for long term is also risky. That's why before you invest it's important that you know what you're doing and aware of the possible situation that can happen. Take time to learn and do a research for the coins that you would like to invest in because a good coin is unlikely to be delisted in exchanges and will not turn to zero value if it is established and has a real use case. So don't just blindly invest because it's your hard-earned money that you will put at risk.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
Though Investing in new project is risky because we don't know how they will perform in the market and whether it will be listed on good exchanges but still we can get some reliable information through research work before we risk our funds in such projects.

What you must do & know before investing:

1- Read the white paper fully and focus on use case
2- Credibility of the team behind the project
3- Performance of existing projects in the same sector
4- Tokenomics
I would also add socials to this as well. It doesn't mean just because a place has 50k followers then it equals to a successful project, of course anything with a lot of followers could still fail. However, it is also important to note that anything with no followers will definitely fail, there is no doubt about that at all. Just because a place has 50k+ followers doesn't mean it will profit you, but if it has 50 followers then it will DEFINITELY not profit you.

So, you should always check that before you invest into a project, and see if they have any or not, having none means that it's not going to be a good project and that will be a trouble for you for sure.
sr. member
Activity: 2828
Merit: 344
win lambo...
If we want big profits then we have to be patient and make it a long term target, most people are impatient so they immediately sell assets when they see a profit of 10% or less, as long as what we hold is top ranking coins then long term holding will be profitable.
Long-term holding could have some benefits - earning a huge profit is likely possible.
But also, you can't underestimate new coins that usually just pump in short-term (x1000) which becomes the favorite of some investors.
It seems important to know how to assess a certain project to invest in because even though it was belong to the top 10 or top 20 coins in the CMC, we can't assure that holding them long-term will give huge rewards. Unless we invest in Bitcoin and Ethereum as we know the capabilities of these coins for many years.
full member
Activity: 1484
Merit: 101
If we want big profits then we have to be patient and make it a long term target, most people are impatient so they immediately sell assets when they see a profit of 10% or less, as long as what we hold is top ranking coins then long term holding will be profitable.
copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!
Cryptos are really underestimated when it comes to long term investments. People shows more trust on FDs, SIPs and golds for long term investment. I mean they do it so as they don’t have complete knowledge on the cryptos. Cryptos can really be a great asset to invest for long term. And if we compare the history stats, then definitely the investors have got more than 100x profits in some years. I completely agree that the risk involved is pretty high, but guess what the returns is also high. Now we need to just analyse the risk and invest accordingly for long term in these brilliant cryptos.

I agree with your opinion that good crypto projects in general and Bitcoin in particular, are the best assets to hold for long term and no other class of asset can compete with Bitcoin when we compare the growth it achieved (Bitcoin returns are outstanding). It has registered tremendous growth during the past 15 years. But we need to be very choosy in picking crypto assets, Bitcoin and Ethereum are considered best investments for long term and make good research before investing in all other projects.

However, most experienced investors already knew which altcoins they would be investing in, whereas newcomers will always buy bitcoin because it is well-known and provides a guaranteed profit in the long run. If you don't want to hold a bitcoin, the top five altcoins are the best to invest in because they are safe and secure. For the time being, avoid new coins because they are not safe and usually die after a few months, unlike well-known and established coins where you can get news every day and keep track on a daily basis.

Though Investing in new project is risky because we don't know how they will perform in the market and whether it will be listed on good exchanges but still we can get some reliable information through research work before we risk our funds in such projects.

What you must do & know before investing:

1- Read the white paper fully and focus on use case
2- Credibility of the team behind the project
3- Performance of existing projects in the same sector
4- Tokenomics
newbie
Activity: 35
Merit: 0
When we talk about investments, whether for the long or short term, there are always dangers associated with those investments. But the advantage of holding for the long term, particularly if you are investing in a potential coin such as Bitcoin, is that it frees you from the stress caused by the daily changes in the market because you are confident that the coin in which you have invested will increase in value in the future.

Long term investment is stress free while short term investment is stressful but more profitable.


Long-term investing doesn't work with altcoins, it works better with Bitcoin.

Investing in Bitcoin guarantees profits in the long run. While altcoins can also bring us huge profits, many tokens only exist for a while. So in some cases, short-term investing in altcoins can be more profitable.
full member
Activity: 756
Merit: 133
- hello doctor who box
When we talk about investments, whether for the long or short term, there are always dangers associated with those investments. But the advantage of holding for the long term, particularly if you are investing in a potential coin such as Bitcoin, is that it frees you from the stress caused by the daily changes in the market because you are confident that the coin in which you have invested will increase in value in the future.

Long term investment is stress free while short term investment is stressful but more profitable.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
1. Understand what you’re investing in.
----------
* Less Risky - Because you have only invested in the market for the long term, You just term or hold, there's nothing to get rid of and you can't opportunities will miss out on the market because they have invested,
These two things should be closely related. Long-term holding will be less risky when we know what we are investing. We will get very worthy holding results if we only have top coins. And here, I'm just thinking about Bitcoin. And even if I want to look at altcoins, maybe only Ethereum and BNB. For other altcoins, this will be very risky, especially after the LUNA tragedy. So, know in advance whatever we invest. Don't let us do long-term holding on shit coins which will actually result in dead coins.

Crypto Criteria for Long-Term Investing
Sometimes, scam projects or shit projects also have prepared their projects to be good enough, they may be good at all of these lists. But finally, they are worth nothing after several periods. If we are investing in the next projects, nothing will guarantee although they always promise high profits. We cannot trust them 100% because sometimes, too-good-to-be-true projects are also worrying.

and so far, this is only true for btc. when it comes to alts particularly new ones, i don't think it is good for them to consider as less risky for long-term investments, when in fact most of them have short lifespan. as we have seen, most alts decline their value few months after they were introduced in the trading market. only few or those top alts have shown strong position in the market.
hero member
Activity: 2072
Merit: 656
royalstarscasino.com
1. Understand what you’re investing in.
----------
* Less Risky - Because you have only invested in the market for the long term, You just term or hold, there's nothing to get rid of and you can't opportunities will miss out on the market because they have invested,
These two things should be closely related. Long-term holding will be less risky when we know what we are investing. We will get very worthy holding results if we only have top coins. And here, I'm just thinking about Bitcoin. And even if I want to look at altcoins, maybe only Ethereum and BNB. For other altcoins, this will be very risky, especially after the LUNA tragedy. So, know in advance whatever we invest. Don't let us do long-term holding on shit coins which will actually result in dead coins.

Crypto Criteria for Long-Term Investing
Sometimes, scam projects or shit projects also have prepared their projects to be good enough, they may be good at all of these lists. But finally, they are worth nothing after several periods. If we are investing in the next projects, nothing will guarantee although they always promise high profits. We cannot trust them 100% because sometimes, too-good-to-be-true projects are also worrying.
hero member
Activity: 3052
Merit: 606
* Not Risky

Maybe a better term is "less risky". Although we do know how volatile cryptocurrencies are compared to stocks, forex, gold, and real estate, at least responsible long-term investments negate the effects of constant ups and downs in the market. But I will never call long-term cryptocurrency investing not risky. If it is not risky at all then there is no need to create tips like watching its volatility and investing only a portion we can afford to lose. If there is no risk, then we can just all-in invest all our funds allocated for long-term goals.

   - I stand corrected for this you've mentioned Sir, thanks for the heads up. I just posted the wrong term for this one, anyway long term is good only if anyone are sure about the coin that will give a nice profit in the future. And the risk might only come in if you feel doubt about the coins you'd like to buy and at the end of the day you still like to invest in it.

That is why the portion of invest what we can afford to lose is very suitable for the long term in my own assessment and perception as well.
Every investment has its own risks, but there is quite advantage if you do it for long term because aside of reducing the risk, the returns or profits are much bigger than short term duration. But of course, if you invest in long term, make sure to invest in those coins with high potentials particular with bitcoin. Although the risk is quite bigger due to its high volatility, but we all know the volatility of bitcoin keeps us being thrilled and excited to gain higher rewards in the process.
legendary
Activity: 3038
Merit: 1166
Leading Crypto Sports Betting & Casino Platform
Otherwise i agree and you have good points but not with one of them

3. Market Share - It's also important that the cryptocurrency we buy is in the top market, for example in the top 20 altcoins like that. Like many investors, it is popular and many institutions, companies, and or well-known personalities invested here.
Although in the stock market it is the same, usually those at the top of those good stocks or blue chip companies are good for long-term investing.
Why does it have to be top market? They might as well could have reached their top value or their growth rate could be very slow as they don't have much room to grow compared to small caps. The fact that something is high doesn't mean it could last several years.

2. Remember, the past is past
Also, what does this mean? Because it sounds like you are ignoring past somehow. We can learn from the past. That's the only thing we can learn experience from. Also from the past we usually know what kind of tech we should invest to in long term.
legendary
Activity: 2464
Merit: 1102
From what I see in OP's topic, he only shows and explains what can be benefits and criteria if you are a class of long-term investors here in the world of crypto. And in addition to that, OP also shared based on his experience how to chosse and gave a criteria in a cryptocurrency although he did not say or specify what crypto is good for long-term investment.

There is truth in what he said in his statement and there is a point as well, it is a given that bitcoin is leading in long-term investing.
Now, when it comes to another cryptocurrency, it is not correct that others say that bitcoin is only one good for long-term investment, for me this is a wrong belief and view as a crypto enthusiast.
You can't say which coin will go up high in the future, because that coin may not grow to be that big, however you can share what kind of coin could go up, and that would be a lot better.

I personally have my own understanding that bitcoin-ethereum-bnb trio will always go up, but is there a guarantee to that? Of course not, so that means maybe the idea is that you should invest into already trusted coins, according to my portfolio at least, some may think otherwise and say something else. All in all, it is the idea that we should invest into, not the coin itself and that way we could make a good return for sure, it would be very profitable for all.
hero member
Activity: 2366
Merit: 594
Cryptos are really underestimated when it comes to long term investments. People shows more trust on FDs, SIPs and golds for long term investment. I mean they do it so as they don’t have complete knowledge on the cryptos. Cryptos can really be a great asset to invest for long term. And if we compare the history stats, then definitely the investors have got more than 100x profits in some years. I completely agree that the risk involved is pretty high, but guess what the returns is also high. Now we need to just analyse the risk and invest accordingly for long term in these brilliant cryptos.

I agree with your opinion that good crypto projects in general and Bitcoin in particular, are the best assets to hold for long term and no other class of asset can compete with Bitcoin when we compare the growth it achieved (Bitcoin returns are outstanding). It has registered tremendous growth during the past 15 years. But we need to be very choosy in picking crypto assets, Bitcoin and Ethereum are considered best investments for long term and make good research before investing in all other projects.

However, most experienced investors already knew which altcoins they would be investing in, whereas newcomers will always buy bitcoin because it is well-known and provides a guaranteed profit in the long run. If you don't want to hold a bitcoin, the top five altcoins are the best to invest in because they are safe and secure. For the time being, avoid new coins because they are not safe and usually die after a few months, unlike well-known and established coins where you can get news every day and keep track on a daily basis. 
copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!
Cryptos are really underestimated when it comes to long term investments. People shows more trust on FDs, SIPs and golds for long term investment. I mean they do it so as they don’t have complete knowledge on the cryptos. Cryptos can really be a great asset to invest for long term. And if we compare the history stats, then definitely the investors have got more than 100x profits in some years. I completely agree that the risk involved is pretty high, but guess what the returns is also high. Now we need to just analyse the risk and invest accordingly for long term in these brilliant cryptos.

I agree with your opinion that good crypto projects in general and Bitcoin in particular, are the best assets to hold for long term and no other class of asset can compete with Bitcoin when we compare the growth, it achieved (Bitcoin returns are outstanding). It has registered tremendous growth during the past 15 years. But we need to be very choosy in picking crypto assets, Bitcoin and Ethereum are considered best investments for long term but make good research before investing in all other projects.
copper member
Activity: 2268
Merit: 539
LuckyDiamond.io - FLAT 50% Deposit Bonus!
Cryptos are really underestimated when it comes to long term investments. People shows more trust on FDs, SIPs and golds for long term investment. I mean they do it so as they don’t have complete knowledge on the cryptos. Cryptos can really be a great asset to invest for long term. And if we compare the history stats, then definitely the investors have got more than 100x profits in some years. I completely agree that the risk involved is pretty high, but guess what the returns is also high. Now we need to just analyse the risk and invest accordingly for long term in these brilliant cryptos.
legendary
Activity: 2268
Merit: 1655
To the Moon
Obviously, a long-term investment should coincide with market cycles. Thus, the start of investments should be at the end of the bear market and continue until the end of the bull market. And in order to get the maximum profit, it is necessary to choose correctly not only the coin, but also the investment time.
sr. member
Activity: 1400
Merit: 259
Short-term investment is like trading so I don't do that anymore, it's too stressful for me. I do choose long-term investment instead but it have to be a good project to maximize the profits in the long run. Out of ten that I picked way before the dump this year, I can still say I made profits from altcoins on the top 50.
I'd rather stick with what was recommended by the rankings that add more risk in finding gems that may end up just scams or rugpull projects.
legendary
Activity: 1890
Merit: 1058
Vave.com - Crypto Casino
From what I see in OP's topic, he only shows and explains what can be benefits and criteria if you are a class of long-term investors here in the world of crypto. And in addition to that, OP also shared based on his experience how to chosse and gave a criteria in a cryptocurrency although he did not say or specify what crypto is good for long-term investment.

There is truth in what he said in his statement and there is a point as well, it is a given that bitcoin is leading in long-term investing.
Now, when it comes to another cryptocurrency, it is not correct that others say that bitcoin is only one good for long-term investment, for me this is a wrong belief and view as a crypto enthusiast.

Because I see a lot of altcoins (alternative coins) that have the potential to be held long-term and I know that the rest of us here also know that. And all cryptocurrencies as well have an attached risk, maybe just different in the percentage level of crypto.

As long the long-term for me is good and as long as I am ready to lose the capital that I will use here, because what I look at in the long term are positive things and there is no room for negative thoughts, even knowing if there is a risk.

To be fair, bitcoin is the best long term investment but altcoins are still good for long term investments and I won't say that there are many but very few and rare altcoins that can be invested for the long term. More realistically, look at CMC, only ETH is the only altcoin that has existed with bitcoin over the years, the remaining topcoins have all been replaced or disappeared from the market. In the case of choosing altcoins for long-term investment, I will only choose ETH and BNB, the rest is really not worth holding long-term.
hero member
Activity: 2814
Merit: 526
Undeads.com - P2E Runner Game
Generally, if we talk about investment whether it was long-term or short-term still it corresponds to risks. But the good thing about holding term especially if you are investing potential coin like Bitcoin it removes your stress from what you have seen in daily market changes because you know that your invested coin will grow in the future.
There is always a statement that it doesn't matter if they bought it when the price was at the highest price possible and when they hold it for 4 - 5 years the price went down and difficult to reach at that point again.
For example to people who bought it at Nov 2021 when the price was at $66.000+, they need to wait until to reach that point again to sell it with reasonable profit. People should take that into an account before doing long-term investment. Don't invest it once it reaches ATH, if you want to reduce the stress because of price drops.
sr. member
Activity: 2380
Merit: 366
Long-term investment in cryptocurrency is actually a double-edged sword. I can attest to this with my own personal experiences. I have actually accumulated many altcoins in 2017. A number of them multiplied in price after weeks and months, but I stayed loyal to them, didn't sell, and decided to keep them for a longer term. They all seem promising. Little did I know that almost all of them are actually short-lived. Corrections happen after corrections. Eventually they all hit the bottom and weren't able to recover from there.

The lesson is not to go for long-term plans with your altcoins. Treat them as hypes or trends. Most of them are ephemeral. Bitcoin is the best choice in the end.
Pages:
Jump to: