Strategies For Long Term Crypto Investments.
One of the safest, less stressful and profitable ways to make money off cryptos is having long term investments in the space. Although these kinds of investments may appear too long, boring and daunting especially for those who keep an eye on them daily, long term investments are one of the safest ways and the best ways to create passive income and gain financial freedom.
These kinds of investments don't require much analytical skills through out the process of investment however they require an investor to do some research and investigate properly if the investment is gonna be profitable in the long run and to follow up their investmentsfrom time to time. Here are some strategies used for long term investments you may find useful.
Value Investments:
This is perhaps the most common strategy used when investing long term in cryptocurrencies. Here, an investor buys cryptocurrencies at a much lower value because of either its past value or they believe its value would go higher in the future. For example buying Bitcoin and Hive now and holding is a long term value investment because if the investor is buying them because of their previous ATH and with hopes that they'll break their ATH in the future and hence bring profits.
Dividend investing:
This is also quite popular in the crypto space and here, investors invest in projects that increases their holdings over time. For example, Hive is a perfect example of a dividend investment whereby investors mot only buy Hive for long term holding but also earn from their holdings via curation or delegations to accounts that help curate. The benefit of this kind of long term investment is that you grow not only in value, but stake.
Growth investment:
This kind of investment is much more popular outside cryptos but with cryptos, an investor invests in a company or brand because they believe the company's future is bright. For example, investing in Apple or Tesla stocks, but cryptos, investing with a brand an investor believes will be around and elevant many years from the time of investment, hence making their investments profitable.
All these strategies require patience and dedication. The investor has to make their mind up about these kind of investment from the get go or else in case of an event that shakes the investment abit, they may bend and make drastic decisions that could affect their entire investment.