Some foresee the least 4 years some foresees 8 years and above to be a long term plans but yet, some says either 4 to 8 years is not enough to be long term plans but 10 years and above.
So to you all, when is actually the timing limit for long term investment plans when invest on bitcoin?
It depends on something like
- Your remaining time in your life: the young people and the elderly can have different time budget so their long term can be very different with each other.
- Your financial availability on time you intend to do your investment: this means beyond that time, you must close your investment position.
- The market cycle: for example Bitcoin market has four years each cycle and real estate has 10 years in each cycle, your long term investment in Bitcoin market can be 4 years at least while with real estate market it would be 10 years at least.