Because we've already talked about the need to leave it this way and that from the context of the discussion we arent talking about selling but rather about buying, I would also add that by buying Bitcoin now, you're actually buying low and by continuous buying and holding Bitcoin for a sustainable number of years, you're placed at position where if you ever want to sell, you're certain that you're selling high. So that's basically the essence of the thread which is to follow up on best strategy that will help you to continue buying Bitcoin for the long term and enjoy it benefit in the future.
It does seem pretty likely that the longer that any of us are in bitcoin, we have pretty good chances of having options and having our bitcoin holdings in profits..
or at least that is part of the expectation and the reason why any of us might be considering both buying bitcoin and maintaining some kind of a longer term plan in regards to our bitcoin approach.
I would be even more empirical about it: there are a lot of charts that clearly teach people that bitcoin has outperformed literally any other asset if someone decided
against buying and selling back and forth. I have done that mistake and now that I am looking back, what can I say? History empirically proves that the vast majority of people would be in the green if they only held onto their bitcoin. It does even prove true for those who experienced the crash from 20,000 all the way down to 3,000 although that surely was a horror roller coaster for anyone who did hold.
Applying that to those who have now bought at 70,000, I think this should calm some down who feel stressed. Look at the numbers and the charts. I am not saying that this is a given, but it was kind of educational to me how to go about these price swings. Don't panic, and make sure you
don't have to sell tomorrow. So far bitcoin has proven to be a great investment for essentially everyone who gave it time for corrections and recoveries.
You could say that those who are now in the red because they bought at 73,000 are still waiting for the recovery, but they should not feel nearly as stressed as those who bought at 20,000 when it dropped to almost 3,000. Given the time bitcoin has taken in the past to complete its various cyclic dynamics, I am all but pessimistic again.