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.
The price of Bitcoin is above $100,000 today. So what you mean is that the price of Bitcoin has not increased. Basically, the point is that we should never look at the price of Bitcoin and should always continue to buy. If you think that the price of Bitcoin has increased a lot, then you can never invest, so it is never right to look at the price of Bitcoin.
There is no guarantee that you will make a profit if you invest in Bitcoin. There are many risks in Bitcoin investment, but long-term investment is much less risky than short-term investment. If you can hold your saved Bitcoin for a long time, then you can make a profit.
You are complicating matters here dude, you just said there is not guarantee that one will make profit if they invest in Bitcoin and you are at same time saying that if we invest and hold for long that we will make profit. For your information I am not investing in Bitcoin because Bitcoin investment is guarantee rather I am investing because I believe in Bitcoin potential, I mean Bitcoin has proven itself several times and it will be unwise for me not to invest in Bitcoin at this early stage of it when I have what it takes to be DCAing even though it is not big enough but so long as it is convenient for me I'm good, just speaking for myself though, don't know why other people are Investing.
We can choose bitcoin and/or we can choose other places to put our time, energy and money (that is discretionary income).
If we have a lot of confidence in bitcoin, we might invest aggressively, and if we don't have much confidence, then we will choose to invest less aggressively (perhaps even whimpily). Surely some folks choose not to invest into bitcoin at all, which seems a pretty big mistake, even though around 99% of the world's population are no coiners or maybe low coiners or maybe precoiners.
We can also choose to have other investments, and folks might come to bitcoin while already having other investments, so there situation might be a bit different from someone who is both brand new to bitcoin and brand new to investing. We choose our position size and our approach and maybe we reassess at various times along the way, and then 4-10 years or longer, we may well reassess again and figure out if we need to change any of our strategies... if we might advance from accumulation stage in to maintenance stage and then perhaps later into sustainable withdrawal.
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Whether you hold for 4, 10, or even 40 years, the key is having a strategy and sticking with it.
I think that it is important to learn and make adjustments along the way too.