Bitcoin is basically a game of patience, discipline and long-term mindset. However, there are many who consider one-year holding as long-term. However, real long-term holding is not one or two years but at least a journey of four to eight years. In this case, investing in small amounts using the DCA method brings good results in the long term. This perspective should be maintained. However, everyone's life situation is different and it can be very difficult for someone to hold on for a year. So if someone thinks that one year is long-term, it is only their personal matter, which cannot be said to be bad at all. However, for real profit, it is important to have a long-term mindset and patience.
I respect the fact that every individual has the right to set target that aligns with their goals and what they want to achieve. But I wont accept the idea of a one year investment to be a long term investment. In Bitcoin investment you must complete one cycle and more before you it can be considered to be a long term investment. I believe that any investment plan that hasn't seen a complete cycle (which is interval of one to five years), such investment have not undergone impact of the market structure. Long term investment plan helps an investor to grow thick skin when the market is highly volatile.
You are right. When investing in Bitcoin, it is very important to complete the full cycle. The time should be at least 4 years. Because history says that those who have held Bitcoin for more than 4 years or have invested by following dca for 4 years have always made a profit. In the case of long-term investment, it is very important to have an idea of market cycle warfare. If you do not have an idea about this, many people cannot mentally hold on to the price volatility, so they sell Bitcoin at the wrong time. Seen in the past
The price increased by about 100 times in the cycle from 2015 to 1017. Therefore, it is very important to invest for 4 years to complete a cycle.. Usually, people sell it only after the price starts falling. They cannot be mentally calm at this time. When this price falls, those who are patient are the ones who profit at the end of the day. One thing to keep in mind is that investment means there will be more or less risk. But if that type of investment is to become rich quickly in a short time, then it will not be an investment but a gambling. However, if you invest in Bitcoin for a long time, the chance of loss is much lower.