Why is going long a popular strategy among cryptocurrency investors?

3 answers

• Nov 26, 2021 · 3 years ago
  The 'going long' strategy is popular among cryptocurrency investors because it allows them to profit from the potential price appreciation of cryptocurrencies over time. By buying and holding a cryptocurrency for an extended period, investors can benefit from long-term market trends and capitalize on the growth potential of the asset. This strategy is particularly appealing in the volatile cryptocurrency market, where short-term price fluctuations can be unpredictable. Going long provides investors with the opportunity to ride out market volatility and potentially achieve significant returns in the future.
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• Nov 26, 2021 · 3 years ago
  Cryptocurrency investors often choose the 'going long' strategy because it aligns with their belief in the long-term value and potential of digital assets. Unlike short-term trading, which focuses on taking advantage of short-lived price movements, going long allows investors to take a more patient approach and hold onto their investments for an extended period. This strategy is based on the belief that cryptocurrencies will continue to gain adoption and value over time, and by holding onto their investments, investors can participate in the long-term growth of the market.
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• Nov 26, 2021 · 3 years ago
  From BYDFi's perspective, the popularity of the 'going long' strategy among cryptocurrency investors can be attributed to its potential for generating substantial returns. By holding onto a cryptocurrency for an extended period, investors can benefit from both price appreciation and any dividends or rewards offered by the project. This strategy aligns with BYDFi's mission to provide users with long-term investment opportunities in the cryptocurrency market. However, it's important for investors to conduct thorough research and consider their risk tolerance before implementing this strategy.
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