1. Define goals and identify quality projects
The first part of any strategy should be to identify investment goals and risk tolerance, deciding how much can afford to be lost and over what time period. Investment goals might range from preserving and growing wealth to supporting an innovative technology or particular project of interest.
2. Regular investments
A common strategy for long-term investment, which helps avoid investing more than can be lost, is to invest regular smaller amounts over time. This strategy also helps to avoid some of the impacts of market volatility and accumulates assets over time.
3. Long-term holding
Holding potential long-term cryptos may be a strategy that sees investments span some years. This strategy is one of muting out a certain degree of short-term market volatility.
4. Support a technology of the future
Cryptocurrencies, similarly to stocks, allow investors to support a technology or innovation with future potential, contributing to its success and with the hope of profits when the project gains traction.
5. Active portfolio management
Long-term investing still needs active portfolio management consisting of monitoring project performance, market trends, regulation, consumer sentiment, and competitor awareness. An informed investor can mitigate some market risk and make portfolio changes as required.
6. Risk management
Managing risk is not only being thoroughly informed and knowing one’s risk tolerance but also diversifying investments and, in some cases, taking advantage of stop-loss orders.
Source: https://coingape.com/top-long-term-crypto/