Want to know what cryptocurrencies are good for long term investing? Why is it good to invest for the long term? What are the strategies or criteria to choose cryptocurrencies that we can invest in. Read this article to know them.

Why is long term investing good?
Of course, in the history of investing, even if it is not in crypto like in the stock market, long term investors have good returns on stocks, especially in blue chips or in really good companies, it is the same with crypto, even though it is newer compared to the stock market the trajectory of gains here is still fair across the cryptocurrency market. These are even some of the reasons why long term investing in crypto is good.

1. Not too risky
Because you only invested in the market for the long term, it seems like you just hold on and there is nothing to take away, so you won't miss out on the opportunities that will come because you only invested in the crypto market, because the others are often in and out of crypto, so of course if you are outside of crypto you will miss the opportunities that you would have entered.

2. Save more money
Of course, if you often trade in crypto, you will also spend a lot on trading fees, sometimes credit card or debit card fees or whatever, if you are in the long term, you don't have to pay for the gas fees and etc.

3. Less stress
So there are many who invested in crypto but they are always stress or too emotional with what is happening in crypto, when it suddenly rises it is very fun but when the value suddenly falls it is too much stress or too much sadness which is just a natural reaction but of course it is also difficult if it is always like that, it is possible that you will get sick, so for less stress it is okay to do long term investing as if you just buy and hold, so when you buy you don't have much attachment to crypto, you don't need to always check.

4. Easy
So because you have less stress, this kind of investing is easier, you don't need to be an expert or be a good trader, you don't need to study analysis etc.

5. Compound Returns
So if you are a long term investor, your crypto or money will also grow over time, especially if you stake in platforms that give you returns every week, month or year, as your crypto increases passively.

What are the crypto criteria for long term investing?
Of course it is better that we have a strategy or we need to check something before we invest in a cryptocurrency especially if it is for the long term, so that we do not go bankrupt.

1. Utility
Of course it is important that the crypto you buy is useful, what is the use of that? What does that do? Is there a problem solved? or what else is it possible to do in the future?

2. Technology
Since crypto seems to be our future currency or if not totally it still has a huge part in our future so you should know what is the technology that is new or that crypto can make that you buy for the long term, can it be adapted by countries, people or businesses.

3. Market Share
It is also important that the crypto you buy for the long term is at the top of the crypto market, perhaps in the top 30, for example so it must be famous and have many investors or many institutions or companies or well -known personalities have invested in it, even in the stock market, usually the ones at the top are the good stocks or blue chips that are good for long term investing.

4. News and Updates
It is important to know what is going on with the crypto you buy, are there any updates on that? What do the teams do? Is the crypto better? etc. and what is the perception of the market or the people in that crypto.

5. Developers and Team
So it is also important that we somehow know the team or the people who maintain a crypto. Although there are many crypto anonymous developers or teams, but if it is possible for us to identify, it would be better.

Top 5 Crypto for Long Term Investing

5. Polkadot
Polkadot is a crypto whose main purpose is to connect different crypto or blockchains so that they can work together, which is one of the big problems with crypto, different crypto has different networks or blockchains that's why Polkadot solves it, in the future transactions here in Polkadot will also be very fast because of what they call sharding, the Polkadot team is also good and its founder is also a co-founder of Ethereum.

4. Solana
For me, not only do most people notice but it seems like the lite version of Ethereum 2.0 that everyone is looking forward to, because Solana also looks like Ethereum but it's even better as of now because transactions are faster, gas fees are also cheaper and also more eco friendly compared to other cryptocurrencies, I also think that once other people discover it more, they will be able to adapt Solana better because in reality it is much better than Ethereum and it also has smart contracts and other features that Ethereum can do.

3. Cardano

Cardano is a crypto hybrid, it is said to be the 3rd generation crypto, really for the future. Although right now many are disappointed because the price is still not really exploding but if you have been an investor in Cardano for a long time, you will have big gains here. It also has Smart contracts, fast transactions speed, low transaction cost compared to Ethereum and many other promises that we will look forward to here at Cardano. 

2. Ethereum

For me it has the potential to be number one in all crypto and it is possible that it is really the future cryptocurrency because it has Smart contracts, many people use it, apps, there is Decentralized Finance, DEX, games and many more. Although right now it still has a lot of problems such as the gas fee which is too high but once the so -called Ethereum 2.0 is released it might be the best crypto of all. 

1. Bitcoin

Of course the original crypto, I believe it is one of the crypto that we will still see in the future because of the value and the history that it has. Although it will not be our future currency because it is too slow but the analogy of Bitcoin is correct is digital gold or it is a type of investment or store of value, right now it is also the number one in the crypto market for many years as well. in the future it is still possible because its supply is limited and only limited individuals are likely to have it. 

Want to learn more about Crypto?

Follow me here in Publish0X 

*DISCLAIMER*

The content of this article is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. 

Thank You!