So to you all, when is actually the timing limit for long term investment plans when invest on bitcoin?
Two years is what I consider long term investment for me. And that is a very long time, maybe because I am counting it in number of days and not the number of years it self. And you know that bitcoin is fastpaced. You can make a lot of life changing money in bitcoin within the space of the two years. And when that two years reaches, I re-evaluate the what I have achieved and either continue or take profit and leave the capital to continue another cycle. That it my long term investment there.
Two years? I don't think that's a good range in my own opinion. I will rather consider two years of investment as short term investment while anything above 8 years will be considered a long-term investment in my own opinion especially for people who invest through the DCA approach. You need to do it perpetually for a long period of time to see a significant effect to the investment you're doing. Investing for this long do not only build up your portfolio but also give you a long time of self discipline, responsibility and determination. Anyone who's able to keep a certain funds in an investment pose for such a long period of time without touching from it but adding to it, is Indeed a genius and will definitely reap from is investments.