The entire crypto market made huge returns with over 900% since last year. These kinds of behaviors and returns are nowhere to be found on the stock market. Let’s say you made a $500 investment in January, you would have made more than $5000 in less than 12 months. This is an example of a long-term investment strategy and we will discuss how to implement it.
Long-term is an investment is actually has a subjective meaning to users because for some, ‘’long-term’’ can mean more than 2 years but for crypto users (since the market moves and shifts very fast) it could mean less than a year to a year.
There is plenty of statistical data to prove that this method is working perfectly. The crypto market generally moves upwards so long-term investments sound like a good idea. Also, this kind of investing has a lot fewer fees. When you are day trading, exchanges will charge you daily fees and will cut down your profits. With long-term investing you just need to pick a few currencies or just one and wait. These kinds of investors don’t trade every day so they don’t need to worry about daily trading fees.
Long-term investing is less risky. When you are in and out of the market you might miss a chance where serious gains are made. Now, all you need to do is to find which cryptocurrencies are the best for a long-term portfolio and find the best way to build it. There are also a lot of indicators that you can use to determine the long-term value of a certain cryptocurrency. You just have to explore and start building your portfolio!
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