Investing in cryptocurrency can be a crazy journey. To have the best chance of success, it's important to think not only about buying, but also about when to sell cryptocurrency. When investing in stocks, a good rule of thumb is to buy and hold for at least five years. As for how long you should keep your cryptocurrencies, we hesitate to answer this question because everyone's financial situation is different.
If you're looking for a more secure long-term investment option, consider setting up a Gold IRA. With a Gold IRA, you can easily set up a retirement fund and benefit from the security of gold investments. You can even set up a Gold IRA to include cryptocurrency investments. So if you're looking for a secure retirement option, consider setting up a Gold IRA and adding cryptocurrency investments to your portfolio. But often, people treat Bitcoin (BTC) as if it were gold and keep it for years.
How long should you keep cryptocurrencies? This depends primarily on your strategic plan and, ultimately, on your beliefs. In the case of Bitcoin (BTC), for example, many owners promise to keep the cryptocurrency forever because they believe it will become a newly established monetary system. Experts say it's best not to have more than 5% of your total portfolio held in cryptocurrency, and only go so far after you've created an emergency fund and paid off any high-interest debt.