Questions tagged [hold for years]

DigitalDragonfly Sat May 25 2024 | 5 answers 934

Could you please elaborate on the feasibility of holding cryptocurrency for an extended period of time? I'm curious about the potential risks and rewards associated with such a strategy. How does the long-term holding of crypto affect its value? Are there any specific cryptocurrencies that are more suitable for long-term investment? Additionally, how do you suggest managing the volatility of the crypto market during this period? Would it be advisable to diversify my portfolio or focus on a few select cryptocurrencies? Thank you for your insights.