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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