S4B Crypto Contest - Season 23
Which cryptocurrencies are most stable for long-term investing?
Among the most stable cryptocurrencies that could be used for long-term investment the first and the most famous crypto currency is Bitcoin it has with the times become a shelter for investment and preservation of value its accumulating quite a considerable amount of stocks and with its smart contract functionalities and extensive pool of developers, Ethereum is seen as a good long-term hold too.
So the binance coin which represented the bingo exchange has also experienced stability thanks to the multidimensional scope of application in the binance ecosystem and these cryptocurrencies have been the mostly popular among investors who seek refuge in the stormy world of digital currencies that are subject to cyber and regulatory attacks. It is highly recommended to do your homework and look into the market cap, adoption rate as well as development activities before investing.
What are the key pros and cons of crypto in retirement planning?
It stands to reason that cryptocurrencies have great potential in the field of retirement planning and investment and these include such factors as: high investment returns, portfolio diversification, protection from inflation phenomena. Again, other alternative crypto-assets, in particular, allow taking part in a decentralized economy and therefore, allow to manage better one’s retirement savings so nevertheless, there are major risks and disadvantages that warrant attention.
The indices of the cryptocurrency market are extreme and this opens the doors for the possibility of outright loss. Ans also the danger of hacking and fraud on the other hand puts in danger retirement savings that individuals store in the form of digital assets. But, unfortunately, the regulation of cryptocurrency is still in its infancy, which makes it difficult to apply these assets for a long time for the purposes of retirement planning so the understanding of these benefits calls for a careful assessment of risk management when considering the use of the crypto-currencies within the framework of retirement planning purposes.
Would you put 10% of retirement savings in crypto or traditional assets? Why?
To me absolutely Yes, I would allocate 10% of my retirement savings to cryptocurrency investment and the reason is that investing 10% of my retirement savings in cryptocurrency assets can potentially yield greater returns in return on retirement funds than traditional assets as well as the risks associated with the ever changing crypto market, there is a corresponding potential to earn positive returns.
So including cryptocurrencies in contact has a potential for increasing allocation to an expanding asset class and improving the total return on investments and besides, potential return on investment of some cryptocurrencies has been encouraging over a long term making them suitable for retirement investment so it is quite possible to gain high returns on 10% of my savings by investing it in crypto.
Thanks for reading my post I'm inviting my dear friends @shawlin, @dove11 and @mariluna to participate in this contest.
Cc:
@waqarahmadshah