Everyone is responsible for their own actions though, that why it's their choice to do whatever they like with their investment plan the least one can do is try to put them through the right path and stop them from misleading others into doing the wrong things when it comes to Bitcoin investment, it's something that involves the future so one needs to be careful about it so as not to make errors that would cause future regrets.
Investing for 5 years only to take all profit is a big error, i would've said it's misleading but instead I'll rather correct such impression and let people understand that because it is said that long-term bitcoin investment involves holding for 4 to 10 years, doesn’t mean that they’ll hold for that long and decide to take all profits, it doesn’t work that way and comes with regrets, no one knows what the future holds but Bitcoin has proven to be a good investment option for the past year and we hope it does better that's why we're holding for long.
Therefore instead of taking all the profits in 5 years time it would've been better to take some portions and do what's best for them, maybe diversify to another good investment option or so, taking all is risky cause what if the person takes all and the price increases to a very high price, it simply means the person have sold at lose and would be buying back at a higher price when they want to buy back, the next thing that follows after that is regret and hoping a dip should occur to buy cheaper, that’s why that ideology of holding for 5 year to take all profits is not wise.
you have spoken it all
princess leah, any bitcoin investors who intend to sell off all their bitcoin investment, which they have accumulated and hold for 5 years in other to take profit and then buy back, to me I think that is really a wrong idea, which may later lead to regrets,
because any bitcoin investors who knows the right approach to bitcoin will only sell some portion of their bitcoin investment and continue holding his or her bitcoin. if possible he or she can still continue to accumulate more bitcoins, for that's what real bitcoin investors who knows how bitcoin works will do.
It would be really wrong selling your Bitcoin holdings after a five year interval, thinking to start all over again after then, how myopic could such person be? Especially when he is still in his accumulation journey, because in my own opinion, five years is actually not long term and it's too premature to be doing that by selling it then, it's just for minimal gains because Bitcoin would be no where near it peak price then, so it's really a bad idea in my own opinion, a wise investor that is in for a long term should be thinking of accumulating more Bitcoin and increasing his stash as much as possible, so that in like three to five circles time, he can be able to reap a huge dividend of his investment not as early as five years time because that would be too premature.