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Buying bitcoin to hold for a long time is the most of all because it comes with lesser risk compared to other forms if investment and trading, all it may requires form us is to understand and have the ability of knowing the best time to buy and for how long to hold before selling, by doing this, we may eventually ended not being out of moves, because we are already standing on a right position as we hold, but some don't have the knowledge of why they must do this and avoid doing other things, because the main purpose for us to invest is with the intention of making profits, but the real fact is that not everyone investing are getting it right to making the profit.
You, Doan9269, seem to be describing a trader mindset rather than an investor mindset, since with an investment that might be a timeline that is 4-10 years or longer, and yeah, perhaps 10 years or longer is a better way of thinking about it since the lower timelines of 4-10 years might only have legitimate reasons to get out of the investment for health and/or age reasons.. Otherwise maybe 4-10 years might be considered to be bordering on trading rather than investing.. since an investor might take many years to establish a bitcoin position, maybe even 1-2 cycles just to establish a position, and then maybe if the investor takes 2 cycles to establish a position, he might spend 1 cycle waiting before transitioning into sustainable withdrawal stage... That would add up to 3 cycles in total, which may well bring many investors to needing to plan 12 years or longer for their bitcoin investment.
Perhaps, Doan9269 have express his idea about investing in the shortest means which many traders would see as an opportunity to make money from the market instead of buy to hold for a long period of time before ever thinking of selling. This is a big mistakes many of us had made in the market and we need to quit such an attitude which can jeopardize the opportunity to make huge profits from the market over a long period of time than scanning the crypto market to look for when to buy so that one can make quick profits which doesn't make a logical sense when it comes to investment.
Some crypto traders still have that misconception that they are investors when it's obvious that they are typical traders who want to take advantage in the market for a quick profit. They are always looking for opportunities to buy low so that they can sell their holdings once the price of Bitcoin starts going up. Sometimes they might be lucky to take profits at 10% or 15% bull when they are supposed to hold without being too emotional to make quick money.
Profits might not be a central point of concern for a longer term investor, and they might even be assumed the profits to be down the road, even though they are not necessarily thinking about profits during the short term, and over that longer period of time, the value of the BTC holdings may well have had compounded several times (meaning doubled in value upon itself several times over the period of the investment.. so in that sense profits might be assumed to be likely, even though not guaranteed).
Maybe I would have to rephrase it like this, "making quick profit is not the central concern for a long term investor" since there is a prospective strategy for making huge profits from the market which is holding.
This reminds me of a verse in the Bible; Matthew 16:25. It's talks about what it entails by saving your life and losing it.
This is relate like a simple illustration about investing which means, if you have the intention to make profits from the market, you might not be able to achieve adequate profit by scanning the market looking for a quick opportunity to buy so you can sell after few days or weeks but if you decide to hold for years, you could be surprised of the huge profit you are going to make from the market.