S4B Crypto Contest - Season 23

Hello friends,
It's a new week and I'm happy to participate in the contest organized here by @waqarahmadshah which talks about S4B Crypto Contest - Season 23

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Which cryptocurrencies are most stable for long-term investing?

Having been on the Steemit platform for a while and seeing the movement of the token, I will say that the Steem token is much more suitable for a long-term investment, I say this because over time I have watched and seen that there is always not much difference in the price of the asset.

Steem token doesn't fluctuate that much and that implies that it is a very good asset for a long-term investment. So if I'm to go into any cryptocurrency investment at the moment, I will go for the Steem token.

The % increase or reduction in the price of Steem often is not always more than 30% and that is the reason why I would like to invest in this very crypto asset.

What are the key pros and cons of crypto in retirement planning?

Crypto in retirement planning is very essential but despite being essential, there are some cons associated with it. Here I would like to discuss the pros and cons associated with Steem investment.

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Pros associated with cryptocurrency in retirement plans;

• If you invest in crypto before your retirement you may have the opportunity to earn good money before your retirement.

• Seeing that cryptocurrency is the future, it is important we invest in it to follow the trend because, in no, distance time, everyone will accept it.

• Crypto can make you rich within a very short period. Take for instance those who bought the $PUSS coin when it was launched. Today they have a large amount of profit.

Cons associated with cryptocurrency in retirement plans;

• Since the price of the cryptocurrency is not stable, it can lead you to lose your invested money.

• It can make you instantly poor especially if you didn't diversify your portfolio.

Would you put 10% of retirement savings in crypto or traditional assets? Why?

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I would rather put the 10% of my retirement in crypto than put it in a traditional asset. As I have said earlier, crypto can grow higher so putting 10% of your capital in crypto can aid you in generating more if the price goes up.

Though it is not certain that the price will have to go up there are tendencies that the price can as well come down. So if you do not have luck you may end up not getting the profit expected.

If you invest in a traditional asset and it doesn't grow then it will depreciate with time. So that is all I have to say about this very investment.

I invite @simonnwigwe, @josepha, and @bonaventure24 to also say their thoughts on this topic I have shared here today.