Even due someone is investing in Bitcoin for the short term or the long term, it is advisable the person should have a source of income so that he/she will not rely on selling his Bitcoin holding to solve his life challenges. Fomo can also make someone to sell his Bitcoin holdings because he/she invested in Bitcoin to get some profit in an estimated time but when the profit doesn't come and the price of Bitcoin dips, that person might be forced to sell off his Bitcoin even at a loss.
You're right, some Invested in bitcoin as their one and only last means for financial breakthrough and all minds are on it, what we should have done is to make sure that bitcoin Investment is not the only thing we do, we have to create time and efforts on other assets to complement each other because bitcoin may not be as this always on the bullish and we may needed to sell while the market is unfavourable at dip all because we are in need of money to carter for other things in demands.
Those who have additional financial crisis do not invest but those who do not have to spend that investment after investing but invest when caught. As an investor invests with a lot of hope, I don't think he invests when he invests. Then he plans to sell his investment in a short period of time rather than he plans to hold his investment for a long time. In the case of an investor, if he is facing a financial crisis and he has tried hard to overcome that financial crisis, but he is unable to overcome that financial crisis in any way. Now the only way open to him is to sell his investment to overcome his financial crisis in which case the person must sell his investment even if he doesn't want to.
Investing in a long-term plan means that we should forget about the amount of money we will invest in Bitcoin, that is, the expenses we will incur or the needs we will meet in the future must be met completely with money outside of our investment.
Every investor invests in future plans, if we invest now and sell the investment after a few days then that investment will never fulfill our expectations but after investing we have to be patient and hold the investment. After investing we should not think that we have bitcoin investment if we plan to hold that investment for a long time because whenever we think that we have bitcoin investment we may want to sell our investments to meet our needs.
An investor needs to be very patient to invest boldly and hold that investment, not to worry about small changes in the market. If an investor can think about his investment in this way then he can definitely hold his investment for a long time.