Yes, bitcoin is recommended to be held for a long time, and we can even accumulate the amount when the market experiences a correction with the money we have. Many people have proven and felt that when they hold it for a long time, they can eventually get big profits, including me. And even this may be only a little that we hold compared to people who have more money. But that's not a problem at all, as long as we want to do it, then any amount is not a problem. Yes, maybe we will feel and want to hold more, well there we try to find more sources of our income to later allocate to buy bitcoin.
If anyone asks What is the best investment for the next 10-20 years? The answer is of course bitcoin. Therefore, if you have more funds for long-term investment, it is advisable to buy bitcoin. What needs to be instilled for bitcoin investors is not to be allergic to the decline in investment value because to become a true investor, this is the momentum and opportunity to accumulate investment assets in the long term.
As you said, many investors have held bitcoin for a long time and made significant profits. Moreover, currently this bitcoin investment is getting blessings from the energy of the universe. If analyzed in terms of opportunities in macro investment, the direction is also there and now many large investors are starting to invest their capital in this sector, especially since bitcoin has become one of the assets that can maintain value. So if you have more funds, please put it in bitcoin, but you also have to manage the risk, don't put your eggs in one basket. If all this can be understood, holding bitcoin in the long term will also feel safe. So, buying and holding until you get maximum profit is the right strategy.
Yes, like that, but shouldn't we be careful without doing analysis? Of course not, we have to be prepared for a possible decline when we hold, and we also have to find out new information that is now very easy to access. But this is the advantage when we do DCA, well when other people might panic because of the decline, we can use it as a momentum to buy again. Indeed, in this case we must have a very strong mentality, because if not, then we will panic. On the other hand, I think if we have been in this room for a long time, then the panic will be more overpowered.