that is why we always advice that bitcoin investors should set at least a 5 years investment plans so that at least with in that time, bitcoin price should have move above a significant amount that is way ahead and above your bought price.
That is a bit confusing. You seem to be suggesting that "we" suggest at least 5 years so that there are decently good chances that we will be in profits at that time so that presumptively we are going to be able to sell... You are not necessarily wrong, but you still are coming off as being in a long term trade rather than an investment, maybe merely because you are caught upon the idea of the need to buy the dip.. so I just get the sense that you have a long term trading mentality rather than really considering bitcoin as investing... even though you are using the term "investing" into bitcoin.
I thought as much also, you know some people thinks that investing in Bitcoin is just about taking profits alone, sure we still hope to take profits from our investments but our main targets is for a long interval of time because making investments in Bitcoin is like keeping an asset that will stand for long term future growth and also to sustain our beliefs in the existence of Bitcoin that is why our focus on Bitcoin is mainly for a long term purposes. Some people feels that basically because they bought Bitcoin at a DIP price that they can eventually sell off when the price is high but that is a very wrong investment mentality. Above all, we should remove long term trading mentality while making investments in Bitcoin because it hinders our growth as Bitcoin investors. The idea of buying Bitcoin at a DIP price and selling when the price is high is far off from the purpose of owning Bitcoin as all those practices are mainly the strategies of a trader rather than an investor.
. Even if you invest with the expectation of profit, everyone has a different investment strategy. Those who are true investors will take the risk of money and wait enough time and sell their investment when they get enough profit on their investment. But there is a class of investors who start investing only after seeing the profits of others, but they don't want to see how much challenge and how much patience that investor has taken in pursuit of profits. We have to invest with the expectation of profit, but the investment cannot be sold within a few days after investing.
~cut out~
Having that mentality of taking profits at some point in your investments in Bitcoin will only leave you into being emotional especially when a DIP is happening, that is why it is not good to be too focused about the profits you can get from your investments because having that mentality will only lead you to the feelings of selling when you have realized some profits that is why we should not care much about the profits we gonna get during our accumulating stages until we build a portfolio that we will be proud of and since our goal is focused on long term definitely the profits will be achieved but let's not always focus on profits because it can stand as a distraction and can even make you to consider selling even when your investments is not matured enough.
Talking about investors who tend to invest after seeing the profits of others, they are traders in my own opinion since what enticed them to invest was the idea of taking profits but a real Bitcoin investor don't think about making profits yet at the early stage of their investments all they do is buy and Hodl.