Most common crypto investment strategy?
The most common crypto investment strategy is buy and hold. This is a strategy where you buy a crypto asset and hold it for the long term, regardless of the price fluctuations. This way, you can benefit from the potential future growth and appreciation of the asset.
Buy and hold is a popular strategy among crypto investors because it is simple, easy, and requires minimal effort. You do not need to monitor the market closely, use technical analysis, or execute frequent trades. You only need to do your own research, choose a reliable and secure storage method, and have a long-term vision.
However, buy and hold is not a risk-free strategy, as crypto assets are highly volatile and unpredictable.
You may face significant losses if the market crashes or the asset becomes obsolete. You also need to have a strong conviction and patience to withstand the market swings and resist the temptation to sell prematurely. Therefore, you should only invest what you can afford to lose and diversify your portfolio to reduce your exposure.
