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Personally, I would rather the price rise so high that I can retire with my bitcoins. Instead of the price shooting up quickly and retiring by selling my bitcoins.
Yes, selling bitcoins for fiat feels like betrayal. Somehow unfortunately if Bitcoin lives up to it's expectations, it's growth can't be gradual. It is a hell of a dilemma I yet haven't found an answer for.
EDIT: In line with the above comment an interesting article including a response I did not really think about before:
https://medium.com/@mcasey0827/speculative-bitcoin-adoption-price-theory-2eed48ecf7da#.7l05e4gugYou missed an important point: *why* this cycle is able to occur in Bitcoin but not as much in other assets. Bitcoin (generally, cryptocurrency) has a unique quality that no other commodity has: its supply is perfectly inelastic. No matter how much or how little demand there is for bitcoins, they still get produced at the same rate. Every other commodity responds to prolonged, elevated demand with elevated production: higher prices lead to faster production, which suppresses prices. This cant happen in Bitcoin: higher prices encourage more mining, but more mining doesnt cause faster production. The utter lack of any suppressing counter-force on the Bitcoin price is what allows it to experience such huge bubbles.