I am new to buying bitcoin to hold without being in a rush to sell and I can already agree with you on the risk not being significant for holding bitcoin for long. I know the fear and anxiety I was facing being a short term trader, it was draining me psychologically and most times I will sell and within few days regret why I sold so fast. The same with buying only to see the price go lower with a few days and I will be angry that I would have waited more. The possibilities of making mistakes with short time investment in bitcoin is just so high. Now I fell a bit relaxed and comfortable with bitcoin and even the spikes that do happen no longer bother me anymore. I don't even notice most of them because I no longer check the chat often unless when my money to purchase is ready, then I can look at the market and make an entry.
When a person invests Bitcoin for short term he has to go through various problems. If he is an experienced trader he can do well but there is no chance. Again, if inexperienced, there is a greater chance of losing. But if a Bitcoin investor plans for the long term, he will be safe from high volatility as well as have the opportunity to grow his portfolio by investing more Bitcoins. Long term investors get more profit than short term investors. Moreover, we know that everyone who held Bitcoin for the long term benefited. And those who made short-term investments they will regret. One of the main reasons for holding Bitcoin for the long term is that no one knows when the coin will go up or down. If hold for long term it will reach your expected level any time.
For me I feel the difference between the long term investors and the short term trader is simply their vision to see the future benefits because these long term investors are mind that understand the value and important having to store something that can make you good profits in a large quantity than the mentality of the day or short term investors who that feel the need to wrap up every little earnings they get. And the thing is that buying for long term saves you all the stress of actually watching the market if it rises or dip.