I don't think that hodli bitcoin for two circles and above is difficult for everybody, because it depends on your mindset of what you plan to do with your bitcoin that you are buying. Everybody have their own intentions and their own reasons for investing in bitcoin. I think most of us don't visit the WO thread, where OGs with golden hands are, and they have being holding for long. If you don't depend on your bitcoin investment and you have a good source of income, it's easy. After all we save in the bank for a very long time, like 4 years and above to achieve our goal. The longer you hodli, the higher your profits overtime. I will go for option one, because MicroStrategy is my mentor.

The best is buy bitcoin during bear market, holding and during bull run you sell off and take your profits, then next bear run you buy and hold during bull run you as well sell off and wait for the bear run so that you can also make enough profits. But then the disadvantage is that you might not succeeded having the same balance which you had before for instance; you bought bitcoin worth of $1,000 when price was $30k per bitcoin and sold when price hits $60k then you were planning of waiting for the price to drop back to $30k again and the price didn't pull back maybe you ended up buy bitcoin worth of $1k at the price of $45k per bitcoin. In this you have lost some fraction of bitcoin.

Putting into mathematical expression:-
Bitcoin worth $1k at the price of $30k is about ~ 0.0334BTC
While bitcoin worth $1k at the price of $45k is ~ 0.0223BTC

Therefore; 0.0334-0.0223 = 0.0111BTC as lost for buying/selling in the next bull/bear run.

But if we compute this into long term holding like 8-12 years time you would see the profits would be so massive, this depending on the individual capacity to hold for long without sell off their bitcoin.

Investment $1k of 0.0334BTC at $30k to the present would worth not more than $3,293
That is to say that long term investment is still more profitable than holding for short term or selling/buying at every giving bull/bear run.

I do prefer buying after the bull market we know people again become back to neutral, There is no hype, just being lowkey now as you can accumulate coin as possible and now well it takes another 4 years again so its a very long time it takes a lot of things happen in the market and even in the society that might affect like the things happen with the covid. If you have a chance to buy bitcoin again with the price of below 50k still its a very good opportunity to us to buy because we know bitcoin price get into 90k and now every ATH of it beats previous record so even we didn't see 100k right now still there's a chance next bull run.

If you ask which will give better profit in 8 years then the answer is obviously the 2nd one.
But on the other hand, timing the market is not piece of a cake and so the better strategy would be 3rd one.
Holding and selling 50% in the bull run while holding the rest and then buy back in a bear market from the profits.

If you aim to maximize your future profits within 8 years, it’s best if you focus on buying bitcoin consistently without attempting to sell even when there is bull run. The longer you hold, the higher the profits you will reap. However, this may take a lot of patience and positivity in the market, and not all is capable to realize this.

Furthermore, buying and hodling, and selling half of it when bull run comes, may also be a good idea. But you can’t guarantee that all your profits will be used to buy back again when bear season comes, since you may end up investing into other asset aside from bitcoin or spend some of your money for personal desires.

The best option is to buy and just hold indefinitely. The closest to that strategy is the first option, so go with the first.

The second and the third options are just the same thing but with different risk and reward ratio. The second option is obviously more risky, but it might reward more. I wouldn't trust that circles will continue in the exact same manner they have done so far, so I'd go with the first option.

In fact, everyone wants to buy Bitcoin at a low price and sell at a high price, but here some can buy at a low price and sell at a high price, while some cannot sell at a high price or take it at a low price, and in the middle they have to sell at a loss for their own needs or the needs of their family. However, Bitcoin investment is always good for the long term because we have seen that after a long few years, Bitcoin has skyrocketed. During this pumping season, the price of Bitcoin has seen its highest height of $99,588 which has never been seen before.
At this point, I have sold all my Bitcoin and put it in USDT. I hope the market will dump. If there is a big dumping, I will buy Bitcoin again and hold it. I will hold my Bitcoin until it reaches the next all-time high. However, here, we should not lose patience and get emotional. You always have to be patient to buy at the market dip and sell at the high price.

And selling a little of what you have is better than trying to sell everything and you don't have to bother your self with what happen to the rest after bull run and you can even decide to add to the one you already have after selling that 50%, the market will eventually come around for the next cycle, that is bitcoin for you it will
Come around for sure so know when to buy and when to sell is very important. And DCA is one of the best strategies they can use. Yeah everyone already understands how they run there business so they will do everything possible to hold till it comes around.


And following this two cycle is okay because which ever season is at hand you have to know exactly what to do at that particular time, wether to buy or even sell, the holding part is what have kept a lot of people from making money because before the price increases they have already sold everything they have so they need to learn from things like this, next time they should sell when it's bull run and it does not have to be everything.

For me, I will prefer buying and holding my Bitcoin for complete two circles (i.e 2 bear & bull market in 8 years). Because one that certain is that no matter how an individual tries to "buy for one circle, sell all during the bull run and wait for the next circle to buy again" or "buy and hod his BTC for one circle and sell 50% during bull run and leave 50% to continue in the next circle", he/she can never make same profit as someone who just buy and holds for complete 8yrs without selling.

Example:
We could all see that the price of Bitcoin 8yra ago (29th November 2016) was $736
And,
The price of Bitcoin now 8yrs after (29th November 2024) is currently value at $96,867
That is, a whooping 13,000% profit in 8yrs

I think the answer is how much totality we have in BTC, if we only want a little profit I think Option no 3 is better, but if it is total I think the number 300k will be the main priority scale. I personally am optimistic about that.