Is It Late To Invest Long-term In Cryptocurrencies?

Is It Late To Invest Long-term In Cryptocurrencies?

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02/05/2022 by Jerry Ihejirika
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Is It Late To Invest Long-term In Cryptocurrencies? So many crypto projects with good to great fundamentals are still in their early stages/phases of development and that means they will experience different types of setbacks and difficulties, some financially and some techniques until they find or launch real solutions to some of those problems and
invest in cryptocurrency

Is It Late To Invest Long-term In Cryptocurrencies?

So many crypto projects with good to great fundamentals are still in their early stages/phases of development and that means they will experience different types of setbacks and difficulties, some financially and some techniques until they find or launch real solutions to some of those problems and setbacks in the future. If you focus more on negative news, or on their present setbacks and difficulties, you will miss the big picture.

Some categories or areas in crypto such as DeFi (staking, yield farming, etc), GameFi (play-to-earn games), NFTs, metaverse (both centralized and decentralized), DAOs, SocialFi, FitFi (walk-to-earn/move-to-earn, get-fit-to-earn, etc), HealthFi, and Web 3.0 are still new. Some of us are not investing in them because they are solid, strong, or perfect categories at the moment. No, we are investing in them now because we know that great projects will definitely come out from those categories in the future. We are playing a long-term game in each of those categories and that’s why we are long-term investors. If you’re claiming to be a long-term investor and you’re short-sighted, sorry you won’t see beyond your nose.

Some of the above-mentioned categories are not even up to 3 years and some are still yet to hit the limelight. So it’s funny when people expect projects coming out from those categories to be perfect, solid, or strong like if the business they are currently doing took 3 years to be strong. There are people that started investing in Tesla when all their batteries were still exploding in the testing phase. Do you know how much their shares are worth now? There are people that started investing early in Facebook when people thought the platform was only for students. Do you know how much their shares are worth now? There are people that started investing early in Amazon when others thought it was just an ordinary bookstore? Do you know how much their shares are worth now? It takes years to build SOLID projects and if you cannot see the future of a project, you will struggle or won’t have the mind to invest early or long-term in the project.

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If you are investing in projects that are in any of those categories (DeFi, GameFi, NFTs, metaverse, DAOs, SocialFi, FitFi, HealthFi, and Web 3.0), just know it will take years before you will see real solid projects in any of them and expect so many projects in those categories to fail along the line or in the coming months and years. If you cannot have that patience, then forget about investing early or long-term. Do day-trading or short-term investing rather and you will still make some money for sure.

To invest for the medium to long-term in cryptocurrencies or in crypto projects is a thing of choice. It’s not and it’s never by force and by the way, when it comes to long-term investing, you don’t see with your eyes, you see with your mind.

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