What is the essence of buying and hodling Bitcoin like is it to accumulate it till it attains ATH then we sell it off and wait for a dip and start buying and holdling again or just accumulate it and start using it as a digital means of exchange or are we going to continue till the 21 million Bitcoins have be mined, already 19 millions have been mined remaining 2 million because overtime, i have come across several topics about buy and hodl bitcoin so i actually wish to know the sole objective of acquiring bitcoins.
The main objective of buying Bitcoin is to get rich but the approach of the buyer may differs. There are some persons or whales who bought Bitcoin 12 years ago, who haven't sold a dime from their stach, and they're waiting patiently for a particular timeframe to sell. While for others who understand how the market works, the bear and bull season is the perfect opportunity to take profit. They keep repeating the cycle over and over, but the objective is still remains the same.