So, I’ll just keep holding with discipline. Like I said, maybe one day I’ll get tempted to sell. Here’s a little clue: I’ll sell my Bitcoin when it hits $1 million a piece. So, when do you think that’ll be?
$1 million could happen this cycle.. perhaps around 3% odds.. or maybe it is next cycle.. perhaps approaching 20% odds.. or it could be after that.. I have not though too much about assigning exact odds, but there are good chances for $1 million in the coming years. Many of us don't need $1 million to already start executing decently good bitcoin management practices..and of course, many folks are still in their earliest of stages of accumulating bitcoin so they may well be wanting to accumulate more BTC so they might be in a better position to take advantage of $1 million and higher prices.
$1 million! I mean, as oddly as it may seem, that’s just how $50 would have looked back then in 2010 when Bitcoin was still breaking out from being just an idea to gain mainstream. I mean, up till now it’s still an idea to some and haven’t gotten that wide acceptance yet in a highly and densely populated world.
Make no mistake, it is coming to be what might be of use for everyone and by that, there would be much pressure on the demand which can push price to even the unimagined extent in the millions and investors to have hold would be proud of the years they’ve had to maintain calm and did hold, despite the many criticism/FUD that went around.
At the moment, price is pushing upwards and we are surely smiling, which makes me wonder why we don’t seem to accept these rise and falls to be the way things are in Bitcoin and not entertain fear when it dumps.