Different persons have different ideology of holding Bitcoin for long time so the essence of holding bitcoin from my own perspective of life is that you have to understand the procedures of investment because holding Bitcoin is like having a target of multiplying what you have because any crypto investor have plans and the plan of holding bitcoin is to make a profit in future so the essence of holding bitcoin for long time is to make a profit in nearest future so that is why many persons indulge in Bitcoin holding and also bitcoin investment for long term
I agree with you. 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.
Hodlong is a thongof mentality which is understanding and when the understanding is not their hodling seems very difficult. When their is understanding people don't force their self to participate. Understanding hodling it makes investors to see reasons why investing in Bitcoin is very important, the understanding of hodling makes investors to figure out good plans in other to prepare for the next hodling.