It is one question that comes to the minds of people, who are not day traders, most often in one form or the other. Looking at the soaring value of a bitcoin people make and have made a 'general' investment in bitcoins. There are again others who invest for a particular purpose like their children's education or to buy a property for instance. But whenever the right opportunity comes and when they want to sell, they are hesitant. This may be out of greed that they may miss out on even greater profits.
A long term investment is to meet the long term need of life. Throughout life there are needs. Even after the person dies, it appears there are needs hence insurance has become important. In such a scenario people do make investments for bright and secured future of themselves and their family. And this is necessary.
When such an investment is made in bitcoins, there is a chance that bitcoins may in fact prove worthy of their expectations and soar to a value that the investor initially desired. At this juncture, the investor can sell the bitcoins and choose to fulfill his desire. But most times he is tempted not to sell looking at the growth of bitcoin.
If selling the bitcoins he has invested for this purpose was the only way to fulfill his purpose, the investor of the present times seem to have been caught in confusion as to whether sell or hold.
That's a good question, and I believe that many are asking themselves that same question at the present time.This sort of thing should have some sort of strategy,when people invest they need to know in what they invest and for how long.In case of
BTC we all know what kind of risks are involved in such investment,and two most important things are price and security.
Before any investment in
BTC everyone has to determine the amount of money willing to invest and time when that investment will be realized.So if you invest 5 years ago(2013) and your time frame is 10 years,then you should be strong and not think about selling for the next 5 years.
As you say people invest in
BTC because of different living needs,some want to buy new house in next 5-10 years,others invest for the purposes of schooling of their children.Some will not sell
BTC never,but will leave them to their children or grandchildren.