While we have seen a recent pullback in the crypto market, the phrase that continues to ring true is:This couldn’t be truer for Bitcoin itself, with even the worst possible buy in Bitcoin generating a minimum return of +27% per year.But this only applies if you held it over a 5 year period. This equates to a +230% return over those 5 years — showing the true power of long term investing.
It doesn’t matter how small your first investment is, what matters is consistency. Invest on a regular basis and leave your money to compound and grow just like that initial 1 cent piece. The golden amount to invest is different for everyone depending on their situation. But one thing is constant across every investor — don’t invest more than your financial situation will allow.
With crypto, a whole paralleled financial ecosystem is being built live, in front of your eyes. A financial ecosystem that is built by the people, for the people. In the case of crypto, it allows for a financial system and products to become transparent, faster and more efficient while protecting many from inflationary practices and corruption.
The idea is that by exposing your portfolio to multiple cryptocurrencies, you’ll stand to benefit from uncorrelated returns.
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