I finally decided to invest in cryptocurrency but not sure how and where to start. I am looking to invest from a long term perspective (5-10 years).

Are there any low risk steady increase options or is the whole crypto currency a high risk game?

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It’s high-risk. Some things to think about - don’t put any more than you are willing to lose. Whether that’s 1%, 5%, 50%. And DCA. It’s going to have huge swings, so you’re not panicked about chasing the downturns or regret if you lump sum in at a peak, set up an auto amount daily/weekly/monthly

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Nothing in crypto is low risk, but I invest weekly into BTC/ETH. I hold it on voyager so I get interest on those coins while holding them there (happy to provide a referral). I don't plan to touch it for a while. If you try to chase gains you'll likely get burned.

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Yes bitcoin and ethereum. You're just starting out, so any amount you're comfortable with is fine. Try to DCA and invest weekly/monthly if you can.

Also take advantage of referrals if you're making a new account. Coinbase is $10 of BTC and voyager is $25 of BTC (can provide either if you want). There are other platforms like gemini and crypto(dot)com but I haven't used them before.

Coinbase pro is one of the better ones for low fees. You can make a coinbase account first and then use the same login info to use the pro version (for free).

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All cryptocurrency is high risk. The closest thing might be staking or holding coins for 5-8%, but that is not guaranteed in the same way that savings accounts are.

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Kraken guarantees high returns for staked assets. Blockfi has high yield interest accounts, but the SEC is scrutinizing these types of “savings accounts”, so those might be closed down/changed eventually.

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I have a large amount of my portfolio in crypto. I would recommend not buying now, I believe we are at the end of the bull market and will see substantial price reductions in the coming year. We just hit new ATHs for Bitcoin last month - the market will continue to fall. New ATHs will not be achieved until after 2024.

helpful

Hmmmm I don’t know, I would approach BTC as more of an equity and DCA and HODL. Same with ETH. The rest can be considered more speculative.

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