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?
If you’re holding for the long term, I would recommend not just holding it in a centralized exchange. I made this mistake for a while. Start lending with it on Aave or other protocols and try staking. You can easily get 10-15% APY with the right strategy.