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Quote from: Kryptoschnack on September 05, 2020, 06:43:33 PM

As the title says, long term investing is the only way to financial freedom and if you believe the same please share your knowledge your opinion and if you do want to support me check out my Channel

long-term investment also has many risks, I will give an example:

1 - People who bought bitcoin on September 7, 2019 for the price of $10300 and are still holding it today, have no profit at this time that the bitcoin price is $10200

2 - People who bought XRP on the 7th of September at the price of $0.25 and are still holding it today, are at a loss because the current price is at $0.23

Quote from: Kryptoschnack on September 05, 2020, 06:43:33 PM

For any further question send a question directly to me in this discussion

I realized that you created a channel and then you spent two years without posting any videos, can you tell us the reasons?

Thank you for coming back to me

To your first 2 points i do agree that people that have bought XRP or Bitcoin at those moments are still having a loss at this moment. Especially for XRP when people bought it in 2017 where it was almost at 3 Dollar. I personally can only speak for Bitcoin as i am not invested in XRP. If you started investing in 2016 till today on a monthly basis with a small amount on average i would be in profit at this point furthermore i believe in this case it is just for me, that my return between 2016-2020 hast been on average much higher than the stock market. This of course comes with a risk as Bitcoin is moving much more.

So i do understand that some people like to trade and make profits and make money that way and others hold it for 5-10 year or in the future even longer. These are two positions/strategies which arent wrong it is just a personal taste what is prefered.

Regarding my Channel activity.

I started the Channel in German. I uploaded a lot of videos for a long time, then i had to make a break due to health issues. I furthermore looked into the current YouTube Crypto Channel market and i must say that growing a Channel in German language gives me much less audience so i decided to go with English. Thats why i put a lot of old videos in "private" as they arent accurate anymore to that what i post right now

Kryptoschnack

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