Why is it worth buying cryptocurrency in the long term?

Modified date: 10/12/2021
Why is it worth buying cryptocurrency in the long term?

Demand for cryptocurrency has grown significantly since early 2021. Every day more and more people understand the value of coins, buy them and use them in place of fiat money. Cryptocurrencies have not become equally significant as national currencies, their owners have to use ordinary money as well. However, only time can show us whether cryptocurrencies can completely replace them.

Advantages of cryptocurrency

  • full ownership of the asset,
  • high transaction speed,
  • low transaction costs,
  • cross-border transfers without restrictions,
  • affordable minimum entry threshold for everyone,
  • all responsibility is on the owner of the asset,
  • high anonymity.

Many people still do not understand what cryptocurrency is, what it is for and how to buy, store and use it. They are familiar with ordinary money, plastic cards, bank transfer. But digital money raises questions for the majority.

Sooner or later, you will have to familiarize yourself with the world of cryptocurrency and you will have no other choice but to study coins, find valuable assets and learn to work with them.

What is the value of cryptocurrency

In fact, many coin owners do not think about the real benefits of a particular coin. They just use them to profit from exchange rate volatility. However, once you study the characteristics of the digital asset and the goals set by the developers of the coin, you will understand a lot. The value of each coin is in solving a specific problem. For example, some ensure the confidentiality of transactions, others carry out projects for the initial placement of tokens on the platform, and others were originally developed as a replacement for traditional money.

Is it worth investing

Most coin owners choose the path of a trader or investor in the digital asset market. In the long-term, the price of Bitcoin and Altcoin show an upward trend. It is enough to look at the chart of any coin. Take a look, you will be pleasantly surprised.

BTC ALL graph coinmarketcap ETH ALL graph coinmarketcap

If you buy a cryptocurrency and forget about these investments for some time, for example, for a year, then it is almost impossible to go into the red. Meanwhile, those who cannot wait for the next growth will face losses.

Hedge fund manager Seth Klarman, one of the most respected investors of recent decades, described one of the main secrets of his success in his book more than 25 years ago. “The single greatest edge an investor can have is a long-term orientation”, he wrote.

We talked about who are an investor and a trader earlier in this article:

Investing in cryptocurrency in the long term, you should pay attention to the proposals of financial companies to make a cryptocurrency deposit with % profit. Zion finance accepts cryptocurrency deposits in BTC, ETH, LTH, TRX, Tether, XRP, DOGE, BNB and offers 280% annual profit. That's 0.5% per day! You can withdraw your profit daily, or accumulate it in your wallet.

Thus, your long-term investments will be reliably fixed at a good % and this will help protect you from hasty actions, for example, premature sale of coins.

The use of modern digital technologies and assets, such as Bitcoin, can greatly increase the profitability and reliability of all money invested. Whoever keeps up with the times gets the maximum profit!

Zion Finance is a worthy alternative to banks!