S4B Crypto Contest - Season 23.

in Steem4Bloggers6 days ago

Goodday my fellow Steemians, I'm here again to participate in fantastic content TITLE S4B Crypto Contest - Season 23. All thank to @waqarahmadshah for conducting such a wonderful content.

But before I continue, permit me to fastly call on this great Friends of mine
@entiry01
@eluustanley
@ameh123 to participate in lovely content.

Which cryptocurrency are most stable for long term investing?

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It is very necessary to keep it in mind that cryptocurrency market is highly volatile and unpredictable, so they is no assurance when it's comes to long term investment. But the few cryptocurrency which are generally considered to be more balanced for a long term investing includes.

Ethereum and Bitcoin are what I recommended as a long term crytpto investing due to their established reputation, strong community support and historical resilience. A lot of investments advice experts emphasize that this crypto assets offers more stability compared to other digital currencies.

What are the key pros and cons of crypto in retirement planning?
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✅ Potential for high rewards: cryptocurrency investments have the potential for a significant interest over time. Outperforming traditional investment. Option like bonds and stocks.

✅Decentralization: cryptos are decentralized and they are free from banking or government regulations, giving a hedge against economic instability.

✅ Lack of regulation: cryptocurrency are not operate or maintain by financial institutions or government, increasing the risk of fraud, hacking and market manipulation.

✅ Limited acceptance; it is not financial institutions or retirement account support cryptocurrency investments, potentially limiting the option to include them in retirement planning.

Would you put 10% of retirement savings in crypto or traditional assets? Why?

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Yes, it very important to understand that trading in crypto comes with a big risk, and it's not adviseable for everyone. Before I will make any investment decisions, I will do some research and consult with financial advisor in other to aligns with your financial goals and risk tolerance.

The decision to allocate a portion of a retirement savings to traditional assets or cryptocurrency depends on many
factors like,
Risk of tolerance :
Long term outlook:
Diversification:
Knowledge and research.

Thanks so much for your time.

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