Keeping Bitcoin for a long time needs good understanding of investing and clear goal to make more money from initial investment in future. It is good decision that needs patience and a readiness to deal with changes in market. By holding onto Bitcoin for long time investors can benefit from its potential to grow over time and increase their chances of making profit. And we have seen in previous 6 months how Bitcoin proven itself and now it is hot topic in USA too. So holding on Bitcoin is definitely beneficial if we hold it for a long time.
When we decide to hold Bitcoin for a long time, patience is surely the key for the success. It will be nothing if we have good understanding but we have no patience. Knowledge is very important when we make a plan for our investment, we set the goal must depend on the knowledge. However, if we have weak mentality, it is impossible to reach the goal. So, both patience and knowledge are 2 crucial things in Bitcoin investment, especially for a long term holding.
Yep, holding for a long time will enable us to get higher profits. But we must know when the right time to sell the Bitcoin. Most people set the target based on 4 years cycle, we sell the Bitcoin when it is in bullish season. As long as we set the right time for selling, it will be safe for holding a long time. Personally, I only brave to hold for around 3-4 years. I will reinvest again when the market begins a new bearish season.
DWYOR