* 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.
It's about investing in a currency that you actually own irrespective of how much its value could be because of the volatility. Because that's what you invest in. Not just because of the price consideration.
You investing in USD/EUR today and you might actually see its price dipper when the inflation finally runs away. And the fact that they are in a bank account or stablecoins that are on the ETH network where can be seized, that's riskier.