To be honest, I've had this question for quite a while. I keep seeing people claiming to just hold and hold; it'll take one, two, three, or whatever years for the next bull market. However, I'm often wondering: do you ever feel tired of waiting for Bitcoin to thrive? The past few months, or the whole past year—I'm not sure I've lost track of time—have been quite stale. Bitcoin has been ranging between $25.000 and $28.000 for quite a while. The volatility compared to other periods is lower than we're used to, or at least, to what I was used to in the past.
Saying I don’t get tired of waiting on some lofty progress on the coin would be me lying to myself. Of course I would like to see some unexplainable value for my hodlings but, what can I say, I have to do the time for that value to be worth every second spent in waiting for a desired value.
The next question is, what desired value might that be? Where would one peg the value of Bitcoin to say “yes” it’s yield just enough value as it ought to have.
With this ranging in the uncertainty, one can’t really get satisfaction at any price. Bitcoin isn’t an investment for a time but rather, an investment that would last a life time and that means, you don’t need to attach a time to it as you can’t attach a time to living.
You just treat it like an investment, use it conservatively and be sure you’re not withholding yourself from other aspects to enjoying your ROI due to hodling.