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.
I appreciates your further enunciation on this, because we need to understand why we must invest and as well the required time frame for us to hold before we can be profitable at it, which some of us mistakenly or unknowingly got wrong when differentiating from Investment and trading.
Now i understand that we need to proof ourself an investor being able to hold and have this done for some years in other to appreciate the value of our investment in a profitable manner, an holder must be able to afford waiting for two to three market circles before making decision on sale, same applies as you have mentioned that it can also take up to a market circle for us to find a suitable entry into the market and invest to hold.