Snip
As I said earlier in the local board today, new investors and old investors of bitcoin are always happy when the price is in the dip and the bear market because that is the best time to accumulate many to the wallet so that whenever the price goes up they will make good profit from it. And what happened last week in the bitcoin price was also good for short term investors like the price was on $54+k and if an investor bought it at that price and today, it is $56+k and the person would make 2% increase as profit. But the best investment plan is long term so you don't have to both yourself to monitor the market.
And nobody can guarantee the price of bitcoin at all time and that is why it is good for the long term investment. And whenever the price dip then it is to refill the wallet for whatever I have. If someone bought it when it is high and the price suddenly came down to the dip, he should not panic and all what he should do is to pick courage and keep hodling and one day the price would go up again.
You are very optimistic when you said long-term investors should never sell their Bitcoin. Let us be realistic here, the market conditions can change at any time and there may be instances where selling would be a strategy to adopt. Either to maximize profit or to diversify. There is a great advantage of holding for the long term which we all know but there is no possibility that one day we will say. Like what is the point of investing in the first place? Meanwhile, the idea of solely depending on short-term price movement and ignoring the knowledge we have gathered about Bitcoin investment might lead to suboptimal outcomes we do not expect.
The reason for investing in long-term is because of how volatile bitcoin, because there is constant changes in the market (favourable & unfavourable) of which holding for long term gives an investor the advantage to maneuver these conditions. Along an investment journey different situations and market conditions will unfold itself but staying committed and dedicated to your well-thought-out plan is what matters keep building your portfolio to hit a good profitable target rather than sell your holdings because of short-term changes.
As an investor with a long-term vision selling because of market conditions means you don't really believe in the growth potentials of bitcoin and by doing also mean that your allowing emotion cloud your decisions rather than sticking to your plan and strategies and not letting short-term fluctuations destabilise your aims.