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.
Risks are relatively high in short term investments as Bitcoin is a sea of long term investments. One should not take investment decisions if one cannot go through long term planning as short term planning (trading) puts him at maximum risk of losing capital. Your overall investment success largely depends on the right planning direction and your achievement goals. All the investment distractions that may come your way require you to properly prepare to deal with them such as having plenty of cash/floating cash. The target level should be how much bitcoin you want to accumulate and for how long. Long time holding. In the long term, DCA planning allows you to increase the size of your Bitcoin stash while the purchase price dips for you.