Buy and Hold is a passive investment strategy where the holder keeps a long position over an extended period of time.
In the context of crypto, typically the buy and hold strategy involves purchasing a cryptocurrency and holding onto it for an extended period of time, rather than trading it frequently in an attempt to profit from short-term price movements.
The idea behind the buy and hold strategy is that the value of cryptocurrencies, like many other assets, tends to increase over time, and that by holding onto a cryptocurrency for a long period of time, an investor can benefit from this long-term price appreciation.
Of course, this strategy also involves accepting the risk that the value of the cryptocurrency may decrease in the short-term or even become worthless, so it is important to carefully consider the potential risks and rewards before deciding whether to adopt this approach.
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