I personally think that if you cannot hold your investment for a long time, then you should refrain from investing in Bitcoin. You have to remember that you cannot expect to make quick profits by investing in Bitcoin, if you think like that, then you are running on the wrong path. Bitcoin is an asset that will make you profitable in the long term, if you invest in the short term and cannot hold it for a long time, then you can sell it at a loss. So above all, before investing in Bitcoin, you must plan for the long term. And it is not the case that you have to invest a lot of money in Bitcoin, try to buy according to your means. Plan to hold it for at least one cycle or two or three cycles. But never think about making short-term investments.
It’s not entirely true. Bitcoin price is volatile so you can have profit as quickly as 1 day or shorter if you manage to purchase Bitcoin right before the price rally started.
It’s not necessarily true that you will only have profit on Bitcoin when holding long term while in fact Bitcoin price pump happened in spread time frame which means you can gain profit regardless how long or short you hold.
Holding it long will term can give a maximize benefits and it’s the best way on Bitcoin investing but not the only way to get profit.