HODL the actual asset
Cryptocurrency is fast becoming an accepted alternative investment go to. Bitcoin, the one that started the cryptocurrency movement is viewd as a storage of value much akin to gold with some even calling it digital gold.
Despite them looking very likely to stay, there are still many sceptics when it comes to cryptocurrency especially from the old guards of the economy.
Personally, I believe cryptocurrency can be regarded as an alternative investment as a means to diversify rather than being the bulk asset itself. As such, I place a maximum limit of 10% of total assets for anything involving cryptocurrencies which includes altcoins.
As to holding either the asset itself direct or invest in miners or ETFs, I believe the nature of the asset itself as a diversifier as well as a means of 'decentralizing' assets, it defeats the purpose if we were to indirectly invest in miners or ETFs as that will mean your assets will be in the hands of these 'institutions'.
As such, I would prefer to invest direct in the asset itself be it bitcoin or ether or the likes. My personal preferences are Bitcoin, Ether and Chainlink which I believe has tremendous potential going forward.
Disclaimer: Please kindly do your own due diligence as this is a sharing article and in no means financial advise. I am just sharing my opinions and thoughts.
Thanks for reading my commentary. Hope it helps!
Stay safe! 😊
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- MurrayBulwer·01-04HODL on, my friend! I totally agree with you that cryptocurrency can be a great alternative investment for diversification. It's definitely an interesting asset class with the potential for growth. And I also believe in doing our own due diligence and not relying too much on institutions. Cheers to Bitcoin, Ether, and Chainlink! Stay safe and keep rocking those investments! 🚀LikeReport
- SPACE ROCKET·01-06I'm holding on too!LikeReport