Now that bitcoin has reached $1000 it will be a good idea for people to hold on to their btc to maintain the price
or we can just buy more btc to push price even higher
holding bitcoin even at this stage is a good idea. i did not sold my bitcoin when the price cross 1150 in previous day and still not going to sell my bitcoin even if the price of bitcoin will cross 1200 USD level. because i am still pretty confident that this time the price of bitcoin is going to cross every 1600 use level very soon, so i am not going to sell my bitcoin in next moth or two.
Nothing wrong with that strategy it seems you are waiting for bitcoin to grow big before you sell, but if you had sold at the top and then bought again at 850 you could have made some nice profits and could be looking at even bigger profits right now.