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?
It would be long term for me. I am more of a short term trader so holding a coin for one year would be long term. You might want to monitor your coin holdings from time to time and take some profits if it pumps and then buy when it goes lower so that you would be able to take opportunity of the swings. You don't necessarily have to monitor the charts all the time but if you can see that double in price and there is possibility it would go down then you can sell it and buy lower so you can have more stash and more profit.