For sure, I am have been trying to suggest parameters to begin to think about minimum timeline for investing into bitcoin, and surely there is no real way to know all of the particulars of any given person, and surely each person has to decide for himself if he is engaging in investing or trading, and if he can figure out ways to incorporate bitcoin into his life after investing into it for 4-years or longer.
I think for someone who is knowledgeable enough about the crypto market and have a backup funds in place, would not just enter the market to buy and hold ignorantly and when they start having financial burdens, the next alternative will be to go back to their Bitcoin holdings and sell part or even all if the financial burden is bigger than their whole Bitcoin portfolio. Every crypto investors need to be conversant with reading books that would help their understanding about the crypto market, not just trying to invest in cryptocurrency and make money with nothing in their head.
Yes, people can treat bitcoin as a long-term trade, and end up spending 4-10 years or longer building up their bitcoin holdings in order to sell, which surely does seem short-sighted, yet there is nothing that we are going to be able to do in order to get folks into an investing rather than trading kind of a mindset.
What I've noticed about trading is that there are more traders who are unfortunate than investors. Trading has looked like a quick way to make money just like gambling and many people who do not know how to go about their trading journey would think that majority of traders are truly making money from it. Majority of these influencers are the ones making the most money, selling trading signals and giving out VIP signal groups for a penny. If actually they know how to trader and their strategies are working fine, I don't think they would want to sell it to the public to know their pattern of trading and secrets.
Is there anyone that would want to expose their secrets of making money to the public because of a penny? No!
It's funny actually, even Coca-Cola would never do such a thing!
Surely, there are some folks with Age and/or health considerations that would not necessarily be able to commit towards investing into bitcoin for long periods of time, such as more than 10 years, but they may be able to commit to something like 4-10 years and then just see how it goes in terms of their cashflow and if they might start to need the money within 4-10 years rather than being able to hold onto their bitcoin investment longer.
Holding Bitcoin for upto 4 years is even enough to make a significant profit but many do not know. The problem of many holders is that they don't have extra funds they could be using for clearing bills and other necessities. When there is no alternative funds, how would you be able to hold Bitcoin for too long? This is why we keep seeing the rich making more money because they have results and they are ready to take risks and invest in cryptocurrency without any panicking.
Then old and retired most time do better than the youth when it comes to holding and making proper savings.