Re: Is holding for 1 year considered short term or long term?
Many many people say they are holding this, holding that for the "long term" but please tell me what exactly is your guys definition of "long term"?
For me, 1 year is considered long time. I began investing this January and I will hold one year and cash out everything January 2019. So by your definition, is this more short term or long term? Is 1 year enough time to see gains?
For me, 1 year is considered long time. I began investing this January and I will hold one year and cash out everything January 2019. So by your definition, is this more short term or long term? Is 1 year enough time to see gains?
I would consider it long term. Some of my trades literally only take 10 minutes if I get lucky. Yes, 1 year is plenty enough time to see gains. However, the cryptocurrency market has gone down by quite a bit every January for the last few years. So you may want to keep an eye out come December at the price of your coins and sell then.