Hold the Bitcoin is the best option becasue in the crypto market holding the coin is best becasue soon the BTC will go high and that gives the holders good profit becasue soon the BTC will makes a very good high and that time the holders will make good profit.
Holding BTC is good, but to hold BTC, there is actually a target price for releasing the BTC because basically we invest to seek profit. Personally, I will release my BTC if it has reached my sales target, and will not increase the target again because I have never been lucky when increasing the target.
Yes your release target should be as per your plan and after completing one cycle. Holding Bitcoin for a period of at least 4 to 10 years for desired profits can give you high returns. You can keep holding for more time if you wish which can be positive for future. Short-term trading can increase the risk of your capital.
Yeah you are right, in other to make gains from Bitcoin investment one needs to hold for a long time which is 5 to 10 years and even more, that Is why I keep saying that someone without patience can't succeed in Bitcoin Investment.
Anyone coming into Bitcoin investment should know that patience is the key, some people choose to invest in a short time those people always at some point lose money and that is why it is advisable to go into Long time investment because it is not risky and you can't lose your money.
I have a friend that is into short time Bitcoin investment which is also called trading since he started he has gain and lost and he has been doing this investment for 7 years now and I also have a friend that has been accommodating using the DCA strategy and also holding for 7 years now, if you check there success you will find out that the one that has been holding as made more money and as I'm speaking to you now that one that has been holding for 7 years now is now more established than the Bitcoin trader.
There are rules in Bitcoin investment success and one of the rule is for you to buy and hold for a long time, without holding for a long time you won't make a huge gain.
Just imagine those that has been consistent in accumulating and holding onto Bitcoin for 10 years till date, they have made huge amount of money through Bitcoin and are all established.