Useful Tips

View all
Bitcoin—the most popular investment asset

The long-term game

Do you think cryptocurrency is a good asset only for the get-rich-quick scheme? Keep reading and you’ll know that this can actually be a long-term game.

In a recent survey of Huobi traders, 69% of investors said that Bitcoin was the asset they have held the longest. 45% of respondents are willing to wait for the return of their investment for over one year. And 12.5% of them are waiting for 4 years to get their benefits. The majority of respondents belong to the 26-50 age range and have an annual income of $10,000 or less.

Still thinking that you should invest in cryptocurrency only to make a quick profit? Well, this survey shows that Bitcoin is perceived by professional investors as a reliable currency. We can’t say that there is only one right way of trading, long-term or short-term, but one thing we are sure of: it is definitely the right time to invest in Bitcoin.

Published: 09.02.2021

Recently Added

Bitcoin is golden!

Bitcoin is golden!

Bitcoin seems to become digital gold in 2020. This can be stated based on the price trends and correlations in the futures market. According to Coin Metrics data the positive correlation between BTC and gold has increased since the beginning of July and is now at a record level above 0.5. The sensitivity of the cryptocurrency to the movements in risk assets, mainly stocks, may decrease. Also, Bitcoin's hashrate has risen to record highs near 150 exahashes per second. Not bad, huh?