Cryptocurrencies have become the focus of major companies around the world and have enriched the world's wealthiest due to the huge profits and steady increase achieved over the past years, surpassing most other investment fields.
What is the most suitable investment for cryptocurrencies? And what is the mistake in this high-risk investment field?
Of course, the answer is undoubtedly that the most suitable investment is the one that is safest and guaranteed to yield profit, which in my opinion is definitely holding and buying digital currencies for long-term investment, meaning buying coins like Bitcoin and Ethereum, and possibly other coins. My goal since the purchase is to wait and be patient for years until reaching a reasonable and satisfactory profit, and then harvesting the profits and leaving the core assets. This is one of the best and safest investment methods in the field of digital currencies despite its long duration.
But the mistake is greed and avarice, and since it is a human instinct that the majority fall into, it is a deadly mistake. This means that the investor resorts to unstable currencies or tokens with high leverage or also futures contracts with high leverage, and the goal is to make a larger profit in a short time. However, the result is, of course, losses and the opposite of what is intended. Therefore, the most important element for any investor in digital currencies is the strategy, and the most suitable long-term strategy with a reasonable profit over time. This is the right thing and the reality.
