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 consider it long term too and I think if the coin is good you'll definitely see gains after a year. An example of this would be NEO, I don't have NEO on my port but I very active on crypto when it started so I have a little background of it. A friend bought at the rate of $30 to $40 something last year then NEO dropped to less than $30 after that, when NEO rise again he sold it. After a couple of months look at NEO now, I was surprised to see it trading at $100 rate which is really a great gain after just a few months.
Be sure that the coin you are investing is really good so you'll gain profit after a year.