I will not be able to show us the historical data on how the cryptocurrencies market has been behaving in the past and how the accumulation and distribution cycles has been playing out but most of the time bitcoin and altcoins do come out stronger! I will still encourage us to keep holding and wait until the condition of pricing turned around again. If you sell now you will be regretting when bitcoin get to $50,000 or $200,000 in some years to come as it has happened before and most times we regret selling too early.
Keep holding and the future is for you!
It will be nice if you can support your point with evidence of what your claims are so that one will believe your submission. I will keep holding and I need no one to advise me on that note.
It will take like more than a decade for the market value of Bitcoin to reach your speculation of $50,000 in my opinion.
I don`t think that bitcoin will need more than a decade to reach 50k, I believe that we will see that price in next 3 years, maximum. Mark my words. before the end of 2022 we will have that price, little over or under it`s not matter, but we will be there. You don`t need some hard evidence for what op is talking, everything has some cycles, you need to catch good rides to up and get out before ride down, it`s what trading actually is. Take a look how price moved since 2010 until now, go from month to month and you will understand it, do the work by yourself.