We should buy Bitcoin for the long term, and put a lot of effort into it, people succeed because of hard work! So we should be careful when we buy Bitcoin for the long term, sell it when the price goes up, then they can make a very good profit
Why did you say we should be careful when investing in bitcoin for long term? The people that are suppose to be so careful are short term investors and traders, if you are planning to invest for long term, their is nothing to worry about, just buy your coin and hold, to be at a safer side, make sure you make use of DCA strategy when investing. I know everyone will definitely sell when the price goes up, but not that you going to be monitoring the market, and when you are in maybe 10 percent profits you going to sell, if you can do that, then that means you are not holding planning to hold for long term.
I think @Albert David explanation is a bit ambiguous and can cause confusion. On the one hand, he says we should buy Bitcoin for the long term with hard work, but on the other hand, he also suggests selling when the price rises to get big profits. In fact, these two approaches are often contradictory.
When we talk about long term investment, the core of the strategy is to HODL despite price fluctuations, because of the belief that Bitcoin will continue to appreciate as global adoption becomes more widespread, prices will definitely rise over time, and long term investors are usually not too affected by temporary price increases, because their goal is maximum returns over a period of 4-10 years or more, not just quick profits.
Meanwhile, the strategy of selling when prices rise appears more like a short term trading pattern, where the main focus is on buying at what is considered a low price and then realizing profits immediately after gaining an advantage. This differs from the concept of long term investing, which focuses on gradual accumulation, discipline with the DCA (Dollar Cost Averaging) strategy, and holding assets without panicking over price fluctuations.