Bybit: Is holding Bitcoin the best cryptocurrency? Explaining the benefits of long-term investment and why it is recommended

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Is stock holding the strongest cryptocurrency investment? This article explains the reasons and benefits. It is often said that long-term holding is safer because short-term trading causes sudden spikes and crashes. Why is that? In this article, we will explain the reasoning for cryptocurrency beginners.

What is Gachiho?

Gachiho means to hold virtual currency for a long time. It means investing over a very long period of time, from a few days to a few months, rather than betting on a short term basis. Some people hold for a long span of 5 to 10 years, but it is also a highly recommended investment method for beginners. There are the following reasons. Check the market price yourself from the system every month. Choosing the right coin is important to earn money over the year. If you are serious about depositing, we recommend the reliable bitcoin. It is the most major in the world and you can directly expect profits even in the short term.

The cryptocurrency market is on the rise

One of the reasons is that the cryptocurrency market is in an uptrend. In the virtual currency market, the NFT market is expanding, and the market price is improving in tandem. As a result, all currencies tend to rise steadily. Of course, if you want to own it, Bitcoin is better. Bitcoin is the most stable cryptocurrency.

No short-term thinking required

If this is doing something like day trading, then the charts are so distracting that you can’t do anything else. However, in the case of long-term holding, it will be a game over a really long period. Therefore, you can also do other work while you leave it, so it is also efficient. But no investment is 100%, so there is no guarantee that you will win.

No knowledge required

In the case of short-term trading, the entry timing is the lifeline. If you miss the timing, you may not be able to take advantage of the points, and you may not get much profit. But when it comes to long-term investing, technique and analysis are less important. Whether the price goes up or down, you just have to have it without thinking about it, so it’s very simple.

Start small

The advantage of long-term investment is that you can start with a small amount. Because if you win, you can take a big price range. On the other hand, in the case of short-term trading, the price range that can be taken is small, so the number of entries is large, and the larger the capital, the greater the profit, but the greater the risk.

Disadvantages

There are also disadvantages to holding onto virtual currency. Of course, there are not only good points. Some brands, such as Ethereum and Tether, have questionable future prospects. Expectations are high for future market capitalization, but prices can be frequently checked by domestic operators such as Coincheck. If you are starting to invest in BTC or other currencies, start with your current funds and information in mind. In the past, there were currencies that fell later and made it difficult to make a profit. You also need to think about when to invest and how to use it to increase your investment.

Takes time to turn a profit

The risk with long-term investment is that it takes a long time to make a profit. Moreover, it does not always mean that you will make a profit. It takes at least a few days to see results, so the number of trades is very small and it is inefficient. Blockchain-based cryptocurrencies are highly volatile. It takes a long time to sell and investors need to consider the future when deciding what to buy. Be careful when continuing to invest in altcoins, as they can crash in an instant. It is recommended that you check the contents and data before investing.

Crash risk

Bitcoin is safe, but other minor coins have high liquidity and often crash more than when you bought them, becoming almost worthless. This is the scariest thing about virtual currencies, so we recommend coins that are relatively stable. One thing to be careful of is lending and staking, but unless it’s a coin like Ripple (XRP), you’re worried about when the token will fall due to price movements. It’s now possible to invest in many coins on bitFlyer and other platforms, but choosing the right stock is important. Look at the latest volatility and actual amount to decide on your investment.

exchange hacking

As a financial trend, exchange hacking is actually quite common. Every year, there are many news reports of cryptocurrency exchanges being hacked, so there is a risk of huge losses. However, if the exchange has high security capabilities, you can rest assured. Bybit is highly recommended in this respect. The company has made it relatively easy to make payments, and it is easy to transfer funds via links, but security is also important when choosing content. We recommend a sufficiently reliable exchange that can be used for the long term.

Recommended by Bybit

Bybit has strong security measures and is an exchange with a large number of users worldwide, so even beginners can invest with confidence. There are many types of crypto assets available, so if you are interested, please refer to the article below and open an account. From now on, you will be able to hold crypto assets and invest in the most expensive coins. You can also invest for more than 10 years like stocks by salting them. The procedure is easy, the costs are low, and you can expect a return without having to worry about anything.

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