Holding some bitcoin for the long term may be the best way to make money. I try to supplement that by trading on the short term peaks and valleys in the price.
i think if holding long time bitcoin is not good
because bitcoin price is and range wave price is slow move
example in 2013 bitcoin price 1000 dollar, and you buy and hold until now you still lost your money not profit
is good is inday trading, shortem trade, not longterm
Btc was only $1000 due to a mt gox manipulation of the price and it was only that high for a couple of weeks
History has proven that buy and hold is a good strategy if you take the time to actually check