Quote from: Mr. Magkaisa on Today at 02:55:41 AM

Quote from: inthelongrun on December 04, 2022, 03:48:26 PM

Quote from: Mr. Magkaisa on December 04, 2022, 07:53:47 AM

* Not Risky

Maybe a better term is "less risky". Although we do know how volatile cryptocurrencies are compared to stocks, forex, gold, and real estate, at least responsible long-term investments negate the effects of constant ups and downs in the market. But I will never call long-term cryptocurrency investing not risky. If it is not risky at all then there is no need to create tips like watching its volatility and investing only a portion we can afford to lose. If there is no risk, then we can just all-in invest all our funds allocated for long-term goals.

- I stand corrected for this you've mentioned Sir, thanks for the heads up. I just posted the wrong term for this one, anyway long term is good only if anyone are sure about the coin that will give a nice profit in the future. And the risk might only come in if you feel doubt about the coins you'd like to buy and at the end of the day you still like to invest in it.

That is why the portion of invest what we can afford to lose is very suitable for the long term in my own assessment and perception as well.

Every investment has its own risks, but there is quite advantage if you do it for long term because aside of reducing the risk, the returns or profits are much bigger than short term duration. But of course, if you invest in long term, make sure to invest in those coins with high potentials particular with bitcoin. Although the risk is quite bigger due to its high volatility, but we all know the volatility of bitcoin keeps us being thrilled and excited to gain higher rewards in the process.