The profitability of cryptocurrencies over a long period is very attractive. So why just not invest in cryptocurrencies according to the <<Buy & Hold>> strategy and keep them a couple of years? 🤔
💥It's hardly possible to give an unequivocal answer to that question, since everyone has their own strategy, psychology, and risk appetite.💥
👍🏻 Some arguments in favor of trading: 👍🏻
👉🏻 not all cryptocurrencies live for a long time, and those assets that are now leaders can become outsiders after only a year or two;
👉🏻 investing in a Buy & Hold strategy is justifiable if there is significant free capital, that can be diverted from circulation for a long period of time.
❗❗You can increase your profitability if you combine the holding strategy with active trading (or at least re-balance the portfolio from time to time).
👉🏻Giving preference only to long-term investment, it's impossible to acquire trading skills, which, by the way, can become an additional source of income.
👉🏻As for the arguments in favor of the Buy & Hold strategy, the image illustrates them most clearly🤣
Thus, trading allows you to profit in the short term, and long-term investment doesn't require frequent activities, as well as the study of various indicators and trading strategies.
However, in both cases, a rational choice of assets, discipline and balanced decision-making are required.
In any case, if you choose one of the strategies or their combination, you can't do it without knowledge and skills.
Therefore, I always urge you to develop, learn something new, and people who have long been on the market - don't stop self-development.💪🏻💪🏻
Guys, if you liked my post, put me 👍🏻 and write your thoughts in a comments✍🏻
Don't forget to subscribe, if you aren't already😆
And of course, stay with me, dear💓💓💓 Your Rocket Bomb🚀💣