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.
DCA method is the best strategy among these strategies how to hold bitcoins for long term. Because if you invest in regular bitcoin it will be the DCA method, and those who bought bitcoin in the past and held until now basically believed in bitcoin and today it is full of success. You can still reach success only need to take initiative, only by following right concept and holding strategy according to DCA strategy you will surely be able to hold investment for long time and in future you will get expected return in Bitcoin.
Here an ordinary investor can participate and a big investor can participate, just be careful from the last side of the strategy. Because every time you invest in Bitcoin, it will save the purchase price and you will be successful in investing.