I have a small plan and i would like to ask your opinion about it. I have already accumulated approx. 1 BTC by buying small amounts here and there (also through faucets) but constantly. I have approx 0.70 btc in other crypto(bought cheaply in the past) but i plan to exchange in btc later if needed and if worth it. My actual plan is to buy daily fractions of btc ad long as price stays below 10.000$ / Btc and stop if and when surely it will go above that level. Basically i' m taking advantage of BTC "cheap" prices to speculate on the future value (probably a few Years) for future spending, selling, or simply storing it. What do you think about it? I want to set a limit somewhere and i think if price stays above 10.000$ it will mean that banks and institutions will have entered the market already and i will simply enjoy the profits. Does it seem like a good plan? i really believe that Bitcoin will become very very valuable in the foreseeable future.
This is how I started always buy low when the price id very cheap or there is a big dip, because in the long run you will eventually have a profit, I'm glad that you have a patient and a good plan like that, every newbie who wants to explore Bitcoin and how to make profit on it is to buy whenever they can and just ignore the chart and hold until you realize your profit.
This is not applicable to all holders because, some are getting their money from Bitcoin and have been usually spending it for their needs that makes it bad if the price goes down. Like me, I am still not working so here is where I get my money when I am buying stuffs online or offline. But, when the price of Bitcoin goes into a dip, it hurts me because, I need to pay for my needs but, the thing is, the price is low and It would felt regrettable to spend Bitcoin in such a low price.