S4B Crypto Contest - Season 23

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Which cryptocurrencies are most stable for long-term investing?

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Cryptocurrencies are known to be volatile assets, and some cryptocurrencies are considered to be more stable and potentially better for long-term investing than others in the crypto market. The following cryptocurrencies which I have shared below are the most stable for long-term investing.

Bitcoin (BTC): Bitcoin is the largest crypto in the market and it is the most known crypto which refers to digital gold based on how well it has performed right from when it was launched. The total supply of Bitcoin is just 21 million Bitcoins in circulation which makes it a long-term investment.

Ethereum (ETH): This is the second largest cryptocurrency on the crypto market. It is a crypto that is used to perform decentralized applications and smart contracts that give a broad use case and make a potential enough for long-term investing.

Binance Coin (BNB): This is another largest crypto in the crypto market that was created by the Binance exchange and has gained popularity in the crypto space which makes it good enough for long-term investing.

USDT and USDC: These two are stablecoins which are pegged to US dollar. They are designed to have fewer price fluctuations and are used as a haven during volatile market conditions in the crypto space which are good for long-term investing.

STEEM Coin: This is one of the best social media currencies that is used to reward users on the Steemit platform. It is good for long-term investing as one can use it to generate more money. Its use case is large. Other cryptocurrencies that are most stable for long-term investing are **Solona (SOL), Polygon (MATIC), Chainlink (LINK), etc.

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What are the key pros and cons of crypto in retirement planning?

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Cryptocurrencies have grown so popular and many people are considering adding them to their retirement plans, investing in crypto comes with advantages and disadvantages. Below are the pros and cons of crypto in retirement planning.

Pro

High growth potential: Cryptocurrencies like the ones we have discussed have a growth potential that provides investors with high returns.

Portfolio Diversification: Adding crypto to retirement planning can help diversify asset classes. As a mom-correlated asset having crypto can help you diversify your investment.

Inflation Hedge: Cryptocurrencies like Bitcoin and others have limited supply and are seen as hedges against inflation having them add more value to your money.

Decentralization: Cryptos are Decentralized which means adding crypto in retirement planning will make you enjoy the decentralized nature of crypto.

Coins

Volatility: Cryptocurrencies are highly volatile which means can rise and fall at any given time. The volatile nature of crypto is a big risk to retirement planning.

Regulatory Risk: Since cryptos are not regulated investing crypto is at owner risk meaning government rules can affect it.

Security risks: Holding crypto comes with the risk of hacking if you are not careful with the way you safeguard your information.

Limited acceptance: Cryptocurrency is not as accepted as fiat currency which you can only spend online and not in a market. It is not widely used as a medium of exchange.

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

Yes, I would put 10% of my retirement savings in crypto because putting 10% of my retirement savings in crypto would get a higher return on investment than putting it in traditional assets. I have been in the crypto space for some years now and I have seen the benefits of savings in crypto over traditional assets. If I invest in Steemit today, it won't take me up to a year I will get back my investment capital and other benefits which is why I would prefer to put 10% of my retirement savings in crypto than traditional assets.

I am inviting: @kuzyboy, @entity01, and @simonnwigwe

Cc:-
@waqarahmadshah