I’m not against holding cryptocurrencies for the long term, in fact, I prefer a long-term holding strategy over day trading. For example, I purchased 20 Bitcoins in 2014 and strategically sold 5 of them over time.
But be careful, avoid holding cryptocurrencies that are too risky, especially those that may be manipulated by a certain group. Here I’m referring to tokens like STRK, and even ETH itself. I bought about 200 ETH between 2018 and 2019, but now I only have 50 left. This is because I have reservations about the value of ETH as a long-term investment, compared to the value of Bitcoin.
I'm not suggesting that you only invest in Bitcoin. After all, in today's technology and market environment, unless you are a millionaire, it is wise to diversify your investments. The price of BTC has been rising steadily, but if you have enough funds, I strongly recommend that you hold at least 1 BTC, 20 ETH, and 500 DOT for more than five years.
I assure you, such an investment strategy has the potential to bring about dramatic changes in your life.
However, be wary that if you invest in new, unproven cryptocurrencies for a long time, your portfolio is likely to be worth zero over a long period of time. The probability of this happening is as high as 90%, so you need to choose investment objects carefully. #BTC #ENA #BOME
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