It is still valid to invest for long term because different people have different goals. Someone may believe that Bitcoin will get to 250k and invest their money to try their luck. That’s long term because we are distant from 250k. Meanwhile you may have your target at 100k. Irrespective of what you’re investing in, unless the market is dying, you can invest for the long term based on your speculation.
The cryptocurrency was the good asset to inverse for the long term,their are lot of coins available in the cryptocurrency.The bitcoin was the still trusted coin in the top list,Ethereum is the first coin in the list of Altcoin.Many coins now created based on the Polygon,Binance smart chain,Solana.But the demand of the Ethereum was long lasting because of the long term Ethereum holders in the crypto community as like the bitcoin.It was essential to inverse in the potential coin compared to the new altcoin to the market for the short term profit.
It was a good, as long as we invested in a legit cryptocurrency. There are numerous scam cryptos out there. I believe that the bearish trend has always been the ideal time to invest considering the panic holders will always sell their token in the cheap price. I meant we should remember that when panic sellers appear, it is time to buy from those who have driven by panic selling.
Investing in cryptocurrency is a high-risk investment. There is no guarantee that you will always be profitable over the long term. If you believe that your investment will appreciate at any time, you are mistaken caused by it can also bring you to the huge lose as well..
It is better to use money and invest in the medium term. Never try to invest for the long term. Always try to be independent of the market when it is supporting it. Buy when people are panicked, and sell when they start to FOMO.
That's the best part about trading cryptocurrency. Investing in legitimate cryptocurrency may yield significant long-term profits, but a project can fail at any time.
How do you mean that we should never try to hold for long term? Because long term is the best way to hold. When you plan to hold for long term, you could be lucky and see a tempting price which you can either sell or keep hodling. And if the market was red, we will keep holding because that was the plan (and this makes us calm because we have a target).