Investment in bitcoin can makes you developed reasoning on how to expand your income, most people who do holdings for a long period of time makes enough money at every running of bulls price and they begins to diversified their investment into different places. Some expands to mining, trading and physical business but when you eat you investment at every little price increase or drops you tends to remained statics, holding is a good option no matter the current price. Some people who became big bitcoin investors became it as a result of holdings.
But you understand that for such long-term investments, these investors had to forget about their investments for many years, for some it is 10 years or more. If you are ready for such a long-term investment and understand the risks involved, then you can try. But as history shows us, taking profits in a bull market is a good idea, which will allow you to buy more bitcoin in the next bear market.
This will not work for everyone, because you need to be able to determine the entry point and time to sell well, if things are not very good with this, then of course it is better to just buy and hold for 10 years with the hope, that no global changes in the market will happen.