How to choose which crypto to buy today for long-term

The digital market has always been volatile, so it's important to remember that you can make a lot of money and lose it all at once. Cryptocurrencies are already attracting interest from people who have never had anything to do with them before, so the logical question is which coins to buy to enter the market. So far, the entry rate to the market is lower: there's been some regulation, exchange rates have stabilised and the crypto world has become more mass-market. 

If you decide to invest in altcoins, it is better to focus on coins with high liquidity (e.g. Ethereum, IOTA, XRP and BNB). In any case, do not succumb to the hype and fear of FOMO when choosing which crypto to buy today for long term: develop a clear plan as the basis of your consistent chain of actions on the platform. Look for projects that bring real value to the world and are backed by an experienced team with a proven track record. Also, most altcoins are usually backed by companies, which means they can grow naturally.

Define the purpose of your crypto purchase and how long you'd like to hold your assets. Choose less volatile assets for long-term savings: Bitcoin is the best choice, as the first cryptocurrency is not called digital gold for nothing. Moreover, major players are showing interest in the granddaddy of all cryptocurrencies.

Among experts, the most common recommendation in which crypto to buy today for long term is to observe the proportion of investments in bitcoin - 40%, in Ethereum - 40% and 20% for other cryptocurrencies, for example, exchange ones.

Some analysts have been concerned in the past about over-optimism on bitcoin, warning that growth predictions from any angle could be wrong. However, we're now seeing just how wrong they were as bitcoin hit another ATH in December, reaching $107000. Positive media sentiment and government support from major countries, including the US, are now showing that this isn't the highest ATH we've seen. 

Following the "crowd" is the worst strategy in the financial world. For those who do not expect to make a quick profit, "holding" the currency can be quite profitable despite the fluctuations. If an investor can afford the risk and follows the market trends, he must build a diversified portfolio and adjust it according to the situation when choosing which crypto to buy today for long term. Here’s what you need to pay attention to:

- Cryptocurrency rank in the rating by market capitalisation (not lower than TOP-30);

- Cost - it is likely that cheap coins will become more expensive over time;

- The number of coins planned to be issued;

- Volatility;

- the availability of the coins on exchange lists;

- Recent exchange rate changes - it is more profitable to buy cryptocurrency when the exchange rate is falling, and if the exchange rate has risen rapidly, to refrain from the transaction;

- Discussion of the coin on forums and social networks - if people have lost interest in the coin, it is better to stay away from it.

If you are wondering which crypto to buy today for long term, check out the courses at Buycoin.online.

 Here you can complete any transaction in just a few minutes. Don't forget to install a reliable digital wallet before making a purchase. Remember that cryptocurrency investment does not equal profit and requires careful diversification to hedge risks.