3 Cryptocurrency Investment Strategies for the Long Term
For much of cryptocurrencies existence, short-term trading strategies that seek to benefit from high volatility and sudden momentum shifts defined the cryptocurrency market. But with the recent arrival of institutional investors, as well as new thinking about how crypto could represent an entirely new asset class, that appears to be changing.
More thinking is going into how to make crypto part of a long-term, well-diversified portfolio, and that's good news for individual investors everywhere. So if you're thinking about investing in cryptocurrency for the long term, here's a closer look at three popular investment strategies.
The most straightforward approach to crypto investing is a simple buy-and-hold strategy. This is exactly what it sounds like: You find one or more cryptos that you like, and you hold on to them forever. The thinking here is that many of the top cryptocurrencies will appreciate greatly over the long term, even if they are prone to high volatility over the short term.
Source Fool.com
