This is the key, if 10 years ago someone told you "bitcoin will go up a lot" and you believed them, you could have sold it at 1k, and you would have thought that was a lot, because it seriously was a lot. However then it would reach to 68k and shock you. Same logic goes here, even if you believe that some project may go up super high, how do you know if we are talking about just x2, or do we talk about x50?
There is no way of knowing how big it will go, and how long you should hold it. Maybe if you hold it for 1 year, you will make x2 or maybe it will also do x10 in 3 years, or maybe x50 in 5 years, who knows how long you should hold it?
You are right. A lot of people have bought bitcoin back in the day but how many of them have hold? Very few of them have hold actually. People who had belief in bitcoin, they are elite now. Lucky I was one of them though the amount was too low and lost most of them at the end.
We need to fix the holding period or set the target where to sell and I think I can do that of course.