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?
I am also the type of guy that is investing into projects and then holding it for at least one year before i think about selling them again. The main reason for that is the fact, that i would have to pay taxes on my profits if i would have sold the tokens or coins before i had them in my wallet for at least 1 year. After i have them 1 year the profits are completely free of taxes.
Still i would have made a good amount of profit, if i would have sold a few tokens even though i did not have them for a full year yet. Even with the taxes, i would have way more money now if i had sold back in may of 2021, but of course it is always obvious now in hindsight but it was not clear that we would go down so much back then.