Friday, 22 April 2022

Long-term crypto investment is certainly a choice for many people. It is not impossible if this is the best choice and recommendation. Someone who chooses to make this long-term investment, certainly not without purpose.

Talking about investment, it feels endless. At first the word was foreign. However, because many people are aware of the need for this, it is now popular. Even the millennial generation has been doing this from an early age for their future.

Especially now, the development of technology has brought its own progress in the world of investment. One of them is the emergence of various types of investments that we can choose.

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Then what is meant by long-term crypto investment?

Talking about crypto that is familiar and trusted by many investors, it is indeed the best recommendation for choosing long-term investments.

However, you need to know in advance that long-term investments are investments made by companies or individuals in the long term. However, in general it is 1 year and over.

Perhaps for many people, what is the purpose of a person or individual doing this type of investment, is still confusing. However, you need to note that the purpose of making long-term investments is to prepare finances for the future.

For example, it's time for us to retire, grow wealth assets and children's school fees or reserve funds in case of a financial crisis that we don't want. While crypto itself is a digital currency that has received a guarantee from Cryptography. We can also use this currency to transact with other people online.

Examples of good cryptocurrencies for long-term investments

• Bitcoin

• BNB

• Ethereum

Advantages of investing in crypto

Just like making other types of investments, if you choose to invest in crypto long-term, then this profit will also be yours.

The first is investors who choose to invest in a timeframe, spending little time monitoring the movement of its value. This is also definitely different from the short term. You should check for small fluctuations every day.

In addition, the short term also has low transaction costs. The short term requires investors to incur infrequent and low transaction costs. However, in terms of the broker will be charged to them.

Those are some explanations about long-term crypto investments that you can do.

Keep in mind, all types of investment always have risks for investors. So it's better to do some research before jumping into the investment world, or it's better to have a mentor to guide you.

• Lead image from unsplash

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