What is considered 'long term' in cryptocurrency investing?

In cryptocurrency investing, 'long term' typically means holding assets for at least one year, though some consider six months acceptable. This distinction matters because many countries offer tax advantages for long-term capital gains—investments held over one year are often taxed at lower rates than short-term gains. Beyond taxes, long-term investing refers to a strategy focused on accumulation rather than quick profits, usually involving minimal trading activity. Bitcoin and Ethereum investors often use the phrase 'HODL' (hold long-term) to describe this approach. The specific definition can vary by jurisdiction and personal investment goals, but the general consensus is that long-term crypto investing requires patience and tolerance for market volatility without panic selling.