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?
1 year is long term for crypto market. So many things can be changed in 1 year. Ethereum went from 10 USD to 1500 USD in 1 year.
Exactly one year hold is not a good idea though. We don't know what will happen in January 2019. Maybe we see ATH prices in December or February. Don't limit yourself.