Yeah, Long term investing in Bitcoin is about patience and portfolio growth and not short-term gains. Selling every time the price spikes turns an investor into a trader and that thinking is difficult to reach your accumulation goals. The true benefits of Bitcoin arise from holding on for several years, to let the compounding effect of price growth work in your favour. Staying disciplined, not being bothered by short terms and focusing on building your portfolio piece by piece is what separates long term investors from those who chase quick profits. Your approach of waiting until you have your target accumulation is the exact way that sustainable gains are made.
I agree with you quite alright, but where I’m getting it confused is to the part you said long term investment is about portfolio growth because there’s a possibility that an investor can grow his portfolio within a period of one year or less, should that be the case then it still might be putting the person in the level of long term investor and this might go a long way to misleading newbies only to grow their portfolio within a short time and they might feel fulfilled that they’ve invested in long term and might want to sell off having noticed a little profit in their portfolio.
We can never call a person a long-term investor by looking at his portfolio. There are many people who own a lot of money who can buy 5-6 bitcoins in a day if they want. If they buy so many bitcoins in one day and sell them the next day after seeing some profit, then we can never call them long-term investors. Long-term investment is an investment period of 5 to 10 years.
In the case of investment, if Bitcoin cannot be held for at least one cycle, then it can never be called long-term. As we know that one cycle is completed every four years, and for this, the investor can hold Bitcoin for any period of time above the minimum of 4 years. The longer the investor can hold Bitcoin, the greater the possibility of his return. If it can be observed before and after each cycle, it will be very clear about this fact. The Bitcoin market is always volatile, long-term investors can use this volatility to increase their Bitcoin accumulation. Those who are long-term investors and regularly invest, on the one hand, get the opportunity to increase their Bitcoin portfolio, and on the other hand, if the price of Bitcoin increases, it creates the opportunity to take even bigger returns.