Good day to all the community here in this forum, Do you want to know why cryptocurrencies are good for long-term investment? Why is it okay to invest in the long-term and what are the strategies and criteria to choose cryptos that we can invest in?
It is hardly possible to agree with the statement that long-term investment in cryptocurrency is very profitable. This may only be true for Bitcoin and a few top altcoins, but not for the rest of the altcoins. Probably more than 98 percent of the altcoins that I have had since 2017 now are dead and this trend, with minor deviations, continues. In addition, the frequent replacement of tokens, the transition from one platform to another, is very annoying. This means that if certain actions are not taken in time, then the cryptocurrency in our wallet will be absolutely useless.