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.
The price goes down in january is like habit which will always happen if trader or holder think the same about what will happen in january.
Its not about news or technical but mostly about believe with experience.
If more and more trader have the same experience several time about price drop in january, so more and more trader will do the same every year which is selling their coin every january and its followed by other and you will know what happen. Price crash more than what we think.