LJ Articles| 17/09/2021 | #24
The 10 Year Investment
by Lorimer Jenkins, y.at/⌛🚀💎🙌
Ask yourself :
Can your Crypto investment last 10 years, will there be a need for that Crypto then ?
Even from 5 years ago in Crypto, the top 10 list now is extremely different. I was reading a book yesterday from 2016 explaining what Bitcoin is to see what advice was correct and what was wrong. The book recommended 10 coins, only 3 of these coins are still around today: Bitcoin, Litecoin and Ripple.
The funniest thing I found out about this book was that Bitcoins price was around $300-$1k and was talking about how expensive it was. Fast forward to today you would have made a 150 x on your investment. Now if that is only over 5 years imagine 10 years.
So when investing in Crypto, try to hold on for the long run. As the amount of returns that GOOD Cryptos yield over a long period of time is crazy. How do you find the “good” Cryptos ?
Well you can’t really, unless you use a crystal ball. Most of these returns are luck with a bit of research. You can always stick to the main ones and then branch off with a few altcoins.
Imagine in 2017 how people who traded Cryptos daily for 7 percent returns. Missed on out on the greatest percentage return in history.
So holding Crypto for the long run rather than for a couple of months may be wise.
Now when you look at a chart of how we are dropping in market cap, refer to 5 years ago and feel comfort in the fact we have 10 years ahead.
by Lorimer Jenkins
Disclaimer : I am not a financial advisor these articles for education purposes, new articles released by 12pm BST every day.