Anyone who held Bitcoin from 2011 till date deserve standing ovation. It takes a great deal of courage, patience and faith to hold Bitcoin that long. Nevertheless, it is not still late to buy and hold. Perhaps, ten years from now, those who fail to join might be wishing they had joined in 2023 when Bitcoin was $29k.
Exactly, most of the people still holding back to enter into market just because they are afraid that BTC will lose its value like less than $25k or $20k.
Maybe we are getting into the topic of this thread. I am not sure if anyone should be waiting for $25k or $20k before they makes sure that they are adequately prepared for the BTC price to go up instead of down... however, many of us know that there are ways to accomplish preparations for any price direction.. including extreme downs that may or may not happen. There are ways to be prepared for extreme downs while still being prepared in case such downity does not end up happening.
Make sure that you have some BTC.
Make sure that you are buying BTC regularly.
Make sure that you have various amounts of money prepared to buy more BTC if the BTC price dips, and surely it is not easy to figure out how much cash to keep available and how much cash to spend at various price points along the way.
I have already set mine, and they have been set for years and they move along with the BTC price.
If I had different circumstances, then the way that I set them would be different too, so hopefully, each of us finds some settings that we believe are sufficiently suitable for our own particular circumstances..
But overall, i think if one has long term plans to hold the BTC then they should not worry about these small dumps because in the long run BTC is going to touch $100k easily even i read a news where
Fundstrat stated that BTC might touch $180k easily if all the ETFs got accepted but just some time ago.
I also heard the news that all ETFs proposal are delayed further not just one all of them which made me think that if they are being delayed all to gather then i think they could be approved altogether too. Which is a good sign though despite of the fake BTC supply in the market. Because it will still increase BTC price.
Will the BTC price go up, down or sideways from all this news and the various contradictory factors. I would not claim to know, even though a lot of it does seem to have bullish angles to it and likely to be ongoingly putting upwards pressures on BTC prices.. so overall conclusions that suggest having some bitcoin or having some somewhat aggressive amounts of bitcoin seem to be great recommendations for people to follow - but it still will likely take a quite a bit more time before BTC accumulation really starts to get beyond fringe smaller groups, even while there remains quite a it of ongoing buzz in the air.. as Odohu seems to like to say and to suggest as being "important," which such popularity/sentiment is not likely to be wrong...even if we may well question how many normies are going down the road to take actual bitcoin buying actions.