I was told that some people have been holding BTC over 7 or 8 years for the price of BTC to reach a particular price of their choice before they can sell, does it mean they don't have issues to solve by selling their BTC? Or they have other way to get the money to solve the issues without selling their BTC? because it hard me to hold long like one year when there are some important things to buy.
Not that I don't make profits when I hold, but to hold for that particular price to come to pass is the major challenge to me, can you share your idea on how to make it real in the future for that your target price to come to pass, so that people that are facing the same problem like me will learn.
How are we sure say some people dey hodl their btc for that long? Even if there people who hodl that long, na how many percent of people? Moreover no be individuals wey still dey find wetin dem go eat dey try that. Most hodlers for that long na institutions, big boys like Elon musk dem and that level of people wey no need money for anything but you wey need money, abeg sell your coins take solve your problem except no be pressing need after all you buy am for profit and if you don already make profit den you no dey lose . However, na bull run dey come so, e depends on your neeed.
@Gozie51, no talk ooo, as e be so, e get plenty investors way done hold their coins for that long, although I never see, some investors done hold their coins until then get watin them want before them sell, abi you never see some people way if them they serious for something nothing go stop them until them achieve their goal?
Well, everybody no be the say, no mean say wating you no fit do, another person no go fit do am also, although, the economy they very hard but some people way they do better jobs and them they receive N900,000 to million naira every month, those set of people fit hold their coins for long because their own problems no be wating them go chop or clothes way them go buy.
Some of this common men, the things way they make them to sell their coins nah food to chop and shelter no they, but if them get better job all those things no go be their problems and them go fit hold their coins for long period of time.