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.
Sure, holding a huge amount of Bitcoin doesn’t make someone a long-term investor. There are many people who jump into the market whenever they see prices going higher. They invest huge amounts of money in order to get huge returns, and once they make a little profit or notice the market changing, they quickly sell just to secure some gains above their first investment.
Of course, we cannot call those types of people long-term investors because they are only after quick profits. A long-term investor is determined by how long they can hold their portfolio. There are people who have been holding Bitcoin for more than 10 years now, and those are the ones we can truly consider long-term investors, not traders who always invest for a short time just to make quick profits. I think by now we should know the difference.