...A long-term investment is good if you are the type that doesn't have time to monitor the market along with the noise that comes with it.
Even if you spend much time watching the market, long-term investing is much better than short-term, long-term investments are less risky than short-term investments. As we all know, bitcoin is unpredictable, and chart analysis will only be partially correct, not giving 100% accurate results, so short-term investments will sometimes lose. I am also a long term investor, not a trader, I still follow the news daily, and I did the right thing. Following the market closely helped me capitalize on the FTX crash, and I bought some bitcoin for $15.7k, a price that will be hard to see again in the future.
Topic: The goodness of long-term investing in cryptocurrency - page 5. (Read 844 times)
...A long-term investment is good if you are the type that doesn't have time to monitor the market along with the noise that comes with it.
Even if you spend much time watching the market, long-term investing is much better than short-term, long-term investments are less risky than short-term investments. As we all know, bitcoin is unpredictable, and chart analysis will only be partially correct, not giving 100% accurate results, so short-term investments will sometimes lose. I am also a long term investor, not a trader, I still follow the news daily, and I did the right thing. Following the market closely helped me capitalize on the FTX crash, and I bought some bitcoin for $15.7k, a price that will be hard to see again in the future. 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.
But why do many people make it hard and become impossible? It is because holding long-term is not their comfort, and worries still in their mind that influence their decision and weaken their courage.
I agree that crypto investment is still risky whether it bee in long or short-term investment, however, some people see an opportunity of accumulating their crypto assets even if it is Bitcoin when the market is dipping rather than hodling through the season so that they can buy back at a lower price and not necessarily because of weakness. A long-term investment is good if you are the type that doesn't have time to monitor the market along with the noise that comes with it. But why do many people make it hard and become impossible? It is because holding long-term is not their comfort, and worries still in their mind that influence their decision and weaken their courage.
I thought being a trader is a good idea for me since I am working and I want to add my source of income. I tried to learn basic future trading and started my execution last August 2022. I gathered 40 dollars for my first try and I was so happy because I thought that it would be easy on me.
Until my beginners luck ended. I became greed and invested my 300 dollars in margin. Unfortunately, my position was liquidated. Until now, I don't know what to do to regain my losses. Luckily, I have spot position and staking assets for long term. Now I am planning to be in a long term hold than a shorter one.
I've been there in cryptocurrency for almost 5 years yet I don't have luck. Every time I hold my position, something bad happened to my life. And before, I didn't have job. But right now that I am working in abroad. I have a chance to hold for five years my cryptocurrency. Hopefully, this time I will become successful.
Until my beginners luck ended. I became greed and invested my 300 dollars in margin. Unfortunately, my position was liquidated. Until now, I don't know what to do to regain my losses. Luckily, I have spot position and staking assets for long term. Now I am planning to be in a long term hold than a shorter one.
I've been there in cryptocurrency for almost 5 years yet I don't have luck. Every time I hold my position, something bad happened to my life. And before, I didn't have job. But right now that I am working in abroad. I have a chance to hold for five years my cryptocurrency. Hopefully, this time I will become successful.
Good day to all the community here in this forum, Do you want to know why cryptocurrencies are good for long-term investment? Why is it okay to invest in the long-term and what are the strategies and criteria to choose cryptos that we can invest in?
Cryptocurrency also means altcoins, for me it's still risky no need to explain about all the drama that appears in altcoins but it proves that long term in cryptocurrency is very risky and I don't like it, even though the coin is listed on major exchanges it's still not a guarantee that investing long termcrypto will be safe, when investing in long term in altcoins it will be better to prepare yourself for big losses than big profits unless we can choose the right coin. 
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.
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.
I would totally agree with you if you only talked about bitcoins and no other cryptocurrencies. However, if you said that altcoins are also suitable for long-term investment, I would disagree with your statement. Altcoins can also give us big profits, but they only last for a while or cannot sustain their growth. They are not like bitcoins that always recover from a drop. Many say that holding top altcoins will generate profits, but they still need to learn that, over time, the top altcoins will be replaced by newer altcoins.
Long-term investing is only true for bitcoin, not for altcoins.
Long-term investing is only true for bitcoin, not for altcoins.
* 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.
It's about investing in a currency that you actually own irrespective of how much its value could be because of the volatility. Because that's what you invest in. Not just because of the price consideration.
You investing in USD/EUR today and you might actually see its price dipper when the inflation finally runs away. And the fact that they are in a bank account or stablecoins that are on the ETH network where can be seized, that's riskier.
* 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.
I appreciate your post, but the current state of the crypto market is very different. The effect of the FTX collapse is very influential investors on the crypto world today.
The FTX crash, which sent shockwaves through the cryptocurrency industry and made investors wary of trading in unregulated markets without understanding the risks.
Although prices have been rising slowly or stagnant over the last few months. Several major factors, including the need for increased regulation and higher transaction fees, are likely to hinder the further growth of this crypto market.
The question is whether or not investors will continue to support them during these cumulative times. If they do, we could see another spike in Bitcoin's valuation in the near future.
The FTX crash, which sent shockwaves through the cryptocurrency industry and made investors wary of trading in unregulated markets without understanding the risks.
Although prices have been rising slowly or stagnant over the last few months. Several major factors, including the need for increased regulation and higher transaction fees, are likely to hinder the further growth of this crypto market.
The question is whether or not investors will continue to support them during these cumulative times. If they do, we could see another spike in Bitcoin's valuation in the near future.
My additional thoughts
Why is long-term investing good?
* Not 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, it's just you The others are in and out of crypto, so of course, if you are outside of crypto, you will miss the other opportunities here.
* More economical - Of course, if you often trade in cryptocurrency, you will spend a lot here, such as trading fees, credit card fees, and so on. If you're just in prison, you don't care about such things.
* Less stress - A lot of people invest in crypto but they are always stressed or too emotional about what is happening in cryptocurrency. Like when the value suddenly increases, it's very fun, but when the price suddenly falls or drops in the market, it's very sad and sometimes even depressed, which is a normal reaction and there's nothing wrong with it, but of course, it's also difficult you always feel that you might get sick, so to reduce stress, you should make a long-term investment, like buy and forget or buy and hold or maybe after you buy you will not have any attachment to the cryptocurrency that you will buy, no first you have to check or you should check there only once, or when you have your target you just sell there, it's that simple.
* 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.
* Compound Return - So if you are a long-term investor, your crypto money will also grow more if you do this method over time, especially if you stake in platforms that give you a return every week or month, or year, it seems that your crypto is increasing passively.
These are just a few of the reasons why it is good to invest in crypto when it comes to the long term. Because historically speaking, it is also good to appreciate the value of cryptocurrency like what happened with Bitcoin.
And another thing that can be done if you do long-term investment here is that if you have extra money, you can also do the DCA (Dollar Cost Averaging) style method, this is investing in crypto every week every two weeks depending on you because the purpose is only This means that your cryptocurrency investment should be consistent so that you can increase your holdings of crypto and at the same time you can avoid the volatility of the market. Many well-known investors do this.
Any investment corresponds to risk. Not all crypto projects are suitable for long-term holding.
Long-term holding of cryptocurrencies may only be possible with Bitcoin. Bitcoin has proven over the years to be a profitable investment, investing in it and holding it for a long time can provide us with profits.
For more altcoins, there must be more research, choose a currency with potential in the market and buy and sell at the right time, reducing investment risks and losses.
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Why is long-term investing good?
* Not 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, it's just you The others are in and out of crypto, so of course, if you are outside of crypto, you will miss the other opportunities here.
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While I think this is a good post this is the part I do not agree with, long term investing is less risky but it still carries risk, for example if you invest in a shitcoin then it does not matter that you hold it for the long term since at some point during that time it will crash to zero, and even if you hold good assets like bitcoin or gold which will most likely never crash that hard, there is still a risk as it can take a long time to recover your initial investment, and if during that time you are forced to sell by some unforeseen circumstances then you will lose money, but other than that you did a good job with this post. Why is long-term investing good?
* Not 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, it's just you The others are in and out of crypto, so of course, if you are outside of crypto, you will miss the other opportunities here.
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This is already proven over time with Bitcoin and other altcoins. Try to use an example Bitcoin versus other altcoins or new altcoin that popped few years ago, that altcoin popped few years ago are already not on the spot where it was before, while Bitcoin is still there.
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Why is long-term investing good?
* Not 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, it's just you The others are in and out of crypto, so of course, if you are outside of crypto, you will miss the other opportunities here.
...
While I think this is a good post this is the part I do not agree with, long term investing is less risky but it still carries risk, for example if you invest in a shitcoin then it does not matter that you hold it for the long term since at some point during that time it will crash to zero, and even if you hold good assets like bitcoin or gold which will most likely never crash that hard, there is still a risk as it can take a long time to recover your initial investment, and if during that time you are forced to sell by some unforeseen circumstances then you will lose money, but other than that you did a good job with this post. Why is long-term investing good?
* Not 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, it's just you The others are in and out of crypto, so of course, if you are outside of crypto, you will miss the other opportunities here.
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While generally safer, it still carries risk with it, although with that time-frame you could easily bypass any such losses along the way since you will not sell during those periods anyway. Also, if you're planning to invest long-term, your buy-in on the crypto you wanted will be averaged, so that once you decided to sell all of those you'll easily get an idea whether to sell it now for less profit or keep on holding on. Risks will always be there, though time acts as a cushion to dampen the fall IMO if the crypto you invested in turned out not to be as good as you initially expected it to be.
Long term holding gives an outlook of being on the safer side, yet there's risk as mentioned. The market is completely unpredictable, which could drag the market bullish or bearish in no time. So, if we've invested at the peak then sure this is going to be high risk even at the bullish market. Based on how we react to market changes the goodness of the market can be experienced. 
While generally safer, it still carries risk with it, although with that time-frame you could easily bypass any such losses along the way since you will not sell during those periods anyway. Also, if you're planning to invest long-term, your buy-in on the crypto you wanted will be averaged, so that once you decided to sell all of those you'll easily get an idea whether to sell it now for less profit or keep on holding on. Risks will always be there, though time acts as a cushion to dampen the fall IMO if the crypto you invested in turned out not to be as good as you initially expected it to be.
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.
But why do many people make it hard and become impossible? It is because holding long-term is not their comfort, and worries still in their mind that influence their decision and weaken their courage.
As much as you decide to invest, you are also dealing with its risks. So if you chose those altcoins and meme coins over the potential bitcoin, it will only heighten the risk and increase your chance of losing. That is why if you go for long term investment, you will lessen the risk but increase the potentials of yielding higher rewards. And investing for long term with a much profitable and safest investment in crypto which is bitcoin, with 3 to 4 years of hodling, you can expect maximum profits given that long period of time. But why do many people make it hard and become impossible? It is because holding long-term is not their comfort, and worries still in their mind that influence their decision and weaken their courage.
* 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.
Yes, that should be the correct term, every investment has risk involved, and so much with crypto because of it's volatility as compare to stocks and other assets. The thing with crypto though is that it's cyclical, meaning that every 4 years we might see a good returns on our investments.
And long term? it could be defined as 1 year or 4 year or 10 year hold, so it's really up to the individuals on how he/she will look at what long term investment mean.
For the criteria for altcoins, it's going to be difficult as we can see even one of the biggest FTC collapses.
* 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.
Cryptocurrency is indeed good for long-term investment but not all of them. we must filter among the newly launched and old crypto projects which one is promising and has the potential. The condition of the cryptocurrency market is still unstable so we must do our best to point out which one will stay and which one will turn scam and run away with our money. It is quite difficult to point them out perfectly because some scam projects are too good in mimicking the good one. While other projects, like FTX and Terra Luna, appear to be promising and stable but collapse in just a short period of time. So I think we need to be vigilant, and updated, and know when to exit when investing in cryptocurrency even though our main goal is to hold them for the long term.
Among these cryptocurrencies, I can only see one that has proven itself several times and is really good for long-term investment and that is Bitcoin.
I agree and think that most cryptocurrency is not suitable for long-term investment, but there is one that can provide us a profit when holding it long-term. Bitcoin has proven itself to be a good investment for years of holding. So we can just ignore all cryptocurrencies except Bitcoin for a long-term investment.
Among these cryptocurrencies, I can only see one that has proven itself several times and is really good for long-term investment and that is Bitcoin.
I disagree on using the long time frame to reduce the assessment on investing in crypto. Not because you are holding for a long time doesn’t mean you are investing on less risky way. We are talking about e years here which is very long and there’s a tons of opportunities to make profit using rather than wait than long for an investment that doesn’t guarantee a huge return. Many project even the old one sometimes suffers suffer a huge loss for that long period of time.
I agree and think that most cryptocurrency is not suitable for long-term investment, but there is one that can provide us a profit when holding it long-term. Bitcoin has proven itself to be a good investment for years of holding. So we can just ignore all cryptocurrencies except Bitcoin for a long-term investment.
* 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.
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