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?
Predictions are always made in optimism, as to the height a currency would attain, which is why most people engage in holding a coin for future profit. It should also be known that holding a coin is not a guaranteed success, as the market may take a turn from your anticipated range. Holding for a year is therefore, considered as a long term.