Lastly, when it comes to holding and what we perceive as long term, it might be interpreted in different ways by anyone, but I believe that the ideal timeframe to term your investment as a long term investment is from three circles upward, even though I believe that most people might have different opinion, but holding just for a circle is actually not long term in my own point of view.
I would think that if someone might spend a whole cycle merely accumulating bitcoin, then after his first cycle in bitcoin, he is going to have some coins that he bought 4 years ago, others 3 years ago, others 2 years ago and others 1 year and less ago.
So the age of his coins are likely going to require him to continue to hold the more recently purchased ones for 4 years or longer just to meet the minimum time threshold.
Surely there is some value towards holding more than one cycle and perhaps even three cycles since it maybe take more than a whole cycle to merely accumulate a quantity of bitcoin that starts to feel as if it might be enough bitcoin or more than enough bitcoin, as I mentioned in
another one of my posts from earlier today, sometimes even if we are aggressively accumulating bitcoin for 4 years, we still might not quite have enough bitcoin, even though surely if we invest something like 25% of our yearly income into bitcoin, then after 4 years, we would have had invested right around a whole year of our income into bitcoin.