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.
I disagree with you to accept from anyone that one year bitcoin of holding bitcoin and selling is a long-term even if they claim it is. One year is not investing because you will still be a low coiner. That person is a trader and not an investor because he is only after profit and not after building, growing and norturing his bitcoin investment to a certain level in future. A lot of people into bitcoin are traders because they holdi not up to a circle and take profits but they claim to be investors. They're in this forum.
Buying and selling Bitcoin within a year is not ideal for anybody that wants to call themselves a Bitcoin investor, they need to hodl for the long term. Experienced holders will categorize such people as traders because one year alone will be considered trading, it comes with risks because Bitcoin is volatile. You cannot get sufficient returns on investment if you sell on the short term, it is possible to sell at loss if it dip at the point of sale. Smart investors hodl between 4 to 10 years and more by then they're sure that atleast two bull circles have come. Holding for the long term and choosing to sell after ATH is a good investment plan.
There are still people with that kind of mindset, buying and selling within a year is what they know how to do, their own is to just buy and sell when the price rises and make profit, I always consider those people as a trader because an investor who knows about Bitcoin will not think of selling his bitcoin within a year or when the price rises to make profit, selling your bitcoin early doesn't guarantee you to get rich or make a lot of profit in time. When bitcoin reaches $100k, I see some people sell their bitcoin because they believe this will be their opportunity, and if they do not sell, the price would fall.
I'm not sure if some people understand bitcoin before they buy because if they do, they won't rush to sell whenever the price rises.
Trust and patience are very important when investing in bitcoin because some people still don't believe in Bitcoin, which is why they decide to sell whenever the price rises. As someone who believes in bitcoin, we should always plan to accumulate bitcoin and hold for the long term.
I seem to agree with you, trust and patient is the Hallmark of the game, those who are the game changers in Bitcoin investment, understand the the race is a marathon race and not a Sprint, so endurance and perseverance while holding your Bitcoin will definitely make you stand out in the long run. Most investors don't have anything special as to why they've been succeeding in their Bitcoin investment, they only bestowed trust on their investment and that has been the leverage to their success story.
To sustain an investment for the long term, it is important to have full faith in it, in the case of Bitcoin investment, you must have the mentality of holding it for the long term.
You must be steadfast in the long term by avoiding all the volatility, but to be able to do this, you must have faith and patience, if you do not have faith in Bitcoin, you will panic during volatility and decide to give up Bitcoin.
Whereas if you understood and believed in the true potential of Bitcoin, you would never decide to sell, but rather you would decide to buy more at that time when the price decreases during volatility, which a real investor always does.
Bitcoin investment is a long-term journey where all the ups and downs have to be avoided and for this, long-term trust is definitely required, not every volatility in the market is a matter of panic, but all of them are opportunities to buy at a low price.
So you must be realistic about these things, you should not panic unnecessarily, hold Bitcoin with patience, then there will definitely be a high probability of getting good results.