Long term crypto investing
Long term crypto investing
My strategy for investing in crypto has, much similar to my regular portfolio, been to hold for the long term. I have surmised from certain indicators that crypto has a definite future. My indicators include but are not limited to: major political donations from crypto organizations, political endorsements, increased regulation, backing from major corporations, continued growth, and the benefits inherent to blockchain technology. I have been investing steadily, and have a horizon set for no less than a few years. I have invested somewhat broadly, with most of my holdings within the most prominent cryptos. I expect some coins to possibly fall off, and have adjusted for this. But overall, with time and “probability” on my side, I am somewhat optimistic.
I had also bought crypto earlier this week, which rose faster than I expected. Following this run I plan on investing more as a dip follows.
Any other “Long – term” crypto investors?
Any critiques?
Long term BTC. Crypto market can change in a day! 98% of crypto is a scam. Don’t trust anyone! It takes a lifetime to accumulate wealth and only a second to lose it! Just because 1 runs with great gains in 1 bull doesn’t mean it will run on the next bull. Technology changes fast! Do your research, follow the $, which 1’s have highest TDU, developers,breath of dapps,etc. Don’t marry a coin! Don’t invest in a.coin that when half way through a bull they are still far from ATH. Don’t spread thin. Pick a few with high conviction & allocate accordingly. Take profits when bull is ending! Takes profits & invest into something safe because the bear will take all your profits, market can fall 80% for some even completely take some out.