common-close-0
BYDFi
Trade wherever you are!

What is the best cryptocurrency to buy in 2018 for long-term investment?

avatarPitts ChandlerDec 18, 2021 · 3 years ago3 answers

I'm looking to invest in cryptocurrencies for the long term and I want to know which one would be the best option for 2018. Can you recommend a cryptocurrency that has the potential for long-term growth and why?

What is the best cryptocurrency to buy in 2018 for long-term investment?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Based on my research and analysis, I believe that Bitcoin (BTC) is the best cryptocurrency to buy in 2018 for long-term investment. Bitcoin has established itself as the leading cryptocurrency and has a strong track record of price appreciation over the years. Its limited supply and increasing adoption make it a solid choice for long-term investment. Additionally, Bitcoin has a strong network effect and is widely accepted as a store of value. However, it's important to note that cryptocurrency investments are highly volatile and it's always recommended to do your own research before making any investment decisions.
  • avatarDec 18, 2021 · 3 years ago
    In my opinion, Ethereum (ETH) is the best cryptocurrency to buy in 2018 for long-term investment. Ethereum is not only a cryptocurrency but also a platform for building decentralized applications. The Ethereum network has a large and active developer community, which contributes to its continuous growth and innovation. With the upcoming implementation of Ethereum 2.0, which aims to improve scalability and security, the potential for long-term growth is significant. However, as with any investment, there are risks involved, so it's important to carefully consider your own risk tolerance and conduct thorough research before investing in any cryptocurrency.
  • avatarDec 18, 2021 · 3 years ago
    According to BYDFi, a leading cryptocurrency exchange, they recommend investing in a diversified portfolio of cryptocurrencies for long-term investment. They suggest considering cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) as potential options. Diversification helps to spread the risk and increase the chances of capturing the growth potential of different cryptocurrencies. However, it's important to note that the cryptocurrency market is highly volatile and investing in cryptocurrencies carries inherent risks. It's always advisable to consult with a financial advisor and do your own research before making any investment decisions.