There is no doubt that when it comes to investing in cryptocurrency we should be thinking of the long term. There are of course many people who have made a great amount of money buying these coins at a very low price and watching them go to the moon, but these people are very much in the minority. Experts within the crypto landscape like Robert Testagrossa are not advising people to see crypto as a great way fo making millions overnight, far from it in fact. The key to making solid wealth when you are investing cryptocurrency is to look at your investments for the long term, and here is exactly why.
The Changing Face of Money
If you think that crypto is something that is here today and gone tomorrow then by all means chance your arm at trying to make a buck whilst you can. If however you fully believe in cryptocurrency and you understand what it is all about, then you will also fully believe in its power to transform the world as we know it. Many have stated that cryptocurrency is the democratization of money and it is tough to disagree with that. It is true that there will be some coins which come and go, and perhaps the real leader in this sphere is yet to be released. The point is that the future of finance, is cryptocurrency.
History Presenting the Future
We only have to look at the history of cryptocurrency coins like Bitcoin to see exactly what the future is going to look like here. Much like the real estate market, over the years every single time that crypto has dipped, or even crashed, it has come back stronger than it ever was before. Take 2017 for example when Bitcoin hit $23,000, and incredible feat, but then it crashed down to mourned about $2,000. What then happened in 2020 was that the coin began to rocket once again and eventually hit an all time high of $63,000. Currently things may be crashing again but there is no doubt about the fact that it will once again bounce back, and reach a new all time high.
More Solid, More Secure
What many fail to see is that every time the crypto market comes back and grows, it is becoming more solid and more secure than it has ever been before. Those concerns in the past about hacks and security breaches are quickly becoming a thing of the past. These days you can even get insurance for your crypto, so that you are totally protected. The infrastructure is just growing and growing all of the time and that shows absolutely no sign of changing either now or in the future.
If you have invested in this market then simply hold on to what you have, and wait for things to explode over the long term, which they cost certainly will.