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Buy and hold
"Buy and hold" is a passive investment strategy where traders buy assets with the intention of holding them for a long period of time regardless of market price fluctuations.
This strategy is commonly used in long-term investment portfolios, where the idea is to enter the market without any consideration of timing. The idea behind this strategy is that over a sufficiently long timeframe, timing or entry price will not matter much.
Buy and hold strategies are almost always based on fundamental analysis and are usually not concerned with technical indicators. The strategy also likely won't involve monitoring portfolio performance frequently – only occasionally.
Although Bitcoin and cryptocurrency have been around for just over a decade, the phenomenon can be compared to the buy and hold strategy. However, cryptocurrency is a risky and volatile asset class. While buying and holding Bitcoin is a well-known strategy in the cryptocurrency space, the buy and hold strategy may not be suitable for other cryptocurrencies.
The idea behind a crypto index is to take a collection of cryptoassets and create a token that tracks their collective performance. This collection can be made up of coins from similar sectors, such as privacy coins or utility tokens. Or is it something else entirelyAnything can, as long as it has a reliable price feed. As you may have realized, most of these tokens rely on blockchain oracles.
How can investors use crypto indicators? For example, they can invest in a privacy coin index instead of picking a single privacy coin. Thus, they can bet on privacy coins as a sector, eliminating the risk of betting on a single coin.Today's discussion ends here. I hope you find it interesting and able to understand. Share your thoughts on today's topic. Wishes and blessings to all. Everyone stay well stay healthy stay with Steemit
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Crypto is one of the segments where we can build multiple aspects of pasaive income. Something that we can not get in other market
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Quite a nice strategy, that buying and holding is quite a good strategy for cryptocurrency as it has been proven overtime that people who invest for a long term on good project always make it bountifully
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You have presented an excellent post on Cryptocurrency passive investment strategy. If we adopt this strategy, we can profit through crypto investments. Thanks for sharing such a helpful post
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