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in my opinion if you don't need money and do use that money for investment, then hold for the long-term is the right choice, but I advise you to buy and hold Bitcoin, because the price of Bitcoin will definitely continue to increase all the time and of course it will give you a lot of profit if you hold Bitcoin for the long term.
If you buy and hold Bitcoin, there is no loss, the price of Bitcoin will increase. Looking at the current market situation, one can easily guess how profitable it is to hold Bitcoin. There are plenty of options to invest in the crypto market and you can make a good profit by investing there. But there is a risk of loss in those ways, because lots of projects run away from the market by scamming investors. By doing so, those investors do not want to believe in other projects, they look at those projects with suspicion. So they prefer to invest in Bitcoin.