I totally agree with that approach, because now what most people do is just to get scared, panic and sell coins and leave the business. However, bitcoin will always go up and down until the market gets stabilized, and we don't know when exactly that happens, because that depends on many factors that none of us control.
But one thing I am sure about (and is written in all of the white papers) is that bitcoins are available in a limited amount, there are only 21 million bitcoins available, and people keep mining, meaning that at some point all of the bitcoins will have their owners.
Since the demand is increasing, the price will start growing up, so why not just buy and hold until that time comes? That time will come for sure, and no one will care what the price was before. Everyone will care how bitcoin is important and valuable and how they can get some. But remember, as I said, bitcoins will have their owners at that point and they can dictate the price at that time. So why not to become one of them, especially when we have such a chance in our hands now?
But one thing I am sure about (and is written in all of the white papers) is that bitcoins are available in a limited amount, there are only 21 million bitcoins available, and people keep mining, meaning that at some point all of the bitcoins will have their owners.
Since the demand is increasing, the price will start growing up, so why not just buy and hold until that time comes? That time will come for sure, and no one will care what the price was before. Everyone will care how bitcoin is important and valuable and how they can get some. But remember, as I said, bitcoins will have their owners at that point and they can dictate the price at that time. So why not to become one of them, especially when we have such a chance in our hands now?