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Long/ Long Position

In the context of cryptocurrency trading, a "long" position or "going long" refers to the act of buying a cryptocurrency with the expectation that its price will rise. A trader who is "long" on a cryptocurrency believes that the price will increase and is therefore willing to buy the cryptocurrency in anticipation of future profits.

Going long on a cryptocurrency can be done through various means, such as buying the cryptocurrency outright on an exchange, using leverage to trade a larger position than the trader's available capital, or buying a derivative product such as a futures contract or options contract.

A trader who is "long" on a cryptocurrency is said to have a "long position." The opposite of a long position is a "short position," which refers to the act of selling a cryptocurrency with the expectation that its price will fall.

Overall, going long or taking a long position on a cryptocurrency is a common trading strategy that is used by investors who believe that the price of the cryptocurrency will rise over time.

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Cryptocurrency is highly speculative in nature, and involves a high degree of risks, such as volatile market price swings, market manipulation, flash crashes, and cybersecurity risks. Cryptocurrency is not regulated or is lightly regulated in most countries. Cryptocurrency trading can lead to significant, immediate, and permanent loss of financial value. You should have appropriate knowledge and experience before engaging in cryptocurrency trading.

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