if you have lots of money, it is good to hold bitcoin. but if you do not have money, it is better to grow bitcoin than just hold.
so when you grow and make a profit, you can save the most and hold for the long term.
so when you grow and make a profit, you can save the most and hold for the long term.
Even if you have a lot of money but still it is better to keep them growing, if you dont want to risk them all then just do it with a half or just with a quarter of what you have, in that way if the price even drops in future you won't be in loss because you have been growing your bitcoins gradually with the time and if the price grows then you will earn a lot more profits then usual.
Yes if you are looking for higher profits then you need to hold your coins for really long time, as it is predicted that bitcoin has potential to touch $5k in next 5 years.
What you can do is if you have some spare money, buy 1 Bitcoin, get it on a paper wallet and lock it away in a safe place. Just set a reminder for 2022 and forget you even have the coins for better or worse
This is especially good for people who are not normally into Bitcoins, like you can gift it to you girlfriend or parents and they can potentially have a nice surprise after 5 years. Wonder how much 1 BTC will be worth in 2022.