if any one has bitcoin and he or she decided to hold it for a long time is a thing of the choices because it maybe that at one point the value of it is high in the market so for that reason you might want to wait for it to fly up to the sky before you can sale it for whatever reason so at that time one can make go money or make better profit from keep it so long.
Yes the longer you keep it the higher the sell price but emergency situations are inevitable so not spending it is a really difficult job.
Just don't let your greediness take over and keep it for a really long year cause you have to spend it to help in circulating the coins.
Long term investments are generaly always risky because you can predict so far in the future what will happen. But to my opinion Bitcoin is worth that risk and it's most profitable long term. Sometimes when the dumps are big it's a bit hard to keep the cool head and try to be reasonable but with experience is easier.
Well there is always a risk in every investment it's just a matter of high risk or low risk.
If you have watched the bitcoin market for a long time you will know that these dumps will lead to a higher price. While we are in this community /industry we
should increase our knowledge and experience to cope with the problems we will encounter in the future.
We can have 20% of the saving in bitcoin. So when we need to use money, we can use the fiat first.