I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
A point we often cite when it comes to holding Bitcoin is that an investor should accumulate as much Bitcoin as they can hold in the long term. If I buy bitcoin for a long period of time and sell it on the middle age according to the destination, I will be responsible for it. And those who do this are more likely to lose. Some investors have financial problems and many try to buy at the time they spend bitcoins to meet their needs. So in the case of Bitcoin, any assets should be spent that is stable for a long time so that the investor does not suffer any loss.
Many of us think we will buy from the dip in Bitcoin but is it always possible to get the dip? Of course not. When the price of Bitcoin fell below $26k many investors thought that Bitcoin might come back below 25k but it didn't and now it is near 35k. Those who were waiting to buy 25K may not get that chance now. Bitcoin is for everyone but some can implement it and many can't.