An investor should have his mind on a long term investment plan, before he venture into investing in bitcoin. He can achieve this by having a bitcoin target as his goal, so that this will keep him more focus and consistent on his bitcoin accumulation. Since he has that on his mind, he will not think of selling when he sees a little profit from the price of bitcoin, because he has not reached his bitcoin target.
But when an investor does not have a bitcoin target and he is just investing, he might be entice by the little profit that he has made in his bitcoin investment and forget that he has plans to go on a long term investment, and he will see the little profit as something big to him, which might make him sell his investment thinking that it will be easy for him to buy back, killing his long term investing goal. This is why we need to set a bitcoin target to help us achieve our long term goal, by hodling and accumulating bitcoin using DCA method, and also lump sum when we have the opportunity to buy at the dip.
this makes a lot of sense to me and I guess part of the issue I was having with relation to
How long is actually long enough to term it Holding is based on the fact that I'm a new investor that doesn't have enough holding and so a little profit in the short term tend to trigger me to wanting to sell it off since there are pressing needs that sometimes makes me feel like if I take back my investment whenever a little profit tops it up, I could use it to solve certain issues and then buy again and Hodl.
But as we've continued to learn from this thread, it's becoming glaringly clear that the most profitable means of investment into bitcoin is a long-term investment and that the DCA strategy is a great toll to enabling enabling us accumulate more bitcoin at our convenience even when our financial strength isn't all that strong.