Quote from: dannyod1 on Today at 02:03:39 PM

Quote from: Picaflor on Today at 08:56:52 AM

Quote from: Obari on January 16, 2023, 08:49:12 PM

~ Why do people hodl rather than sell and buy again when low

Any BTC price is low. 15k was low, 69k was low; 1m which we haven't seen yet, is low too. And so is 100m.

Those who bought BTC when it was $1 and have held it until now, have probably done much better than anyone trying to time the market.
There are, however, not many such people. Those who bought at $1 sold it at $10, those who bought at $10 sold at $100. Then maybe bought again out of FOMO when it hit $500 and lost by selling on a dip to $50. A nerve-racking game. Meanwhile, those who have held have made a 20000x. It's much easier and less stressful to stop watching the charts and keep holding until you stop DCAing in (a.k.a. retirement), because the ultimate value of BTC is infinity.

Do you realize that in order to reach $1 million market cap should be around 21 000 000 000 000? I can't say that's not possible, but that's a pretty big goal and I'm not sure if we'll ever see that. When people say that BTC's value is infinite it sounds kinda crazy, like you're from a cult.

Being optimistic isnt really that bad but of course it should really be backed up with some realistic approach.Even myself would really say up that 1m/coin isnt really just something that could happen even in our dreams considering on how much recognition and adoption we do really need up before it could reach up huge numbers.Considering on what would be the cap then it is something
that not possible.I cant blame out those people who do make out those kind of hopes or expectations but they should lower their standard and expectations so that they wont get
end up on waiting up like forever. Cheesy

Set out realistic limits so that you wont really be making yourself look like a fool on waiting something that cant happen.