Now we can have full confidence in Bitcoin but Bitcoin is very expensive due to which it is not possible to buy a good amount of Bitcoin even if we want to.
Those investors who hold from bitcoin <$100 had confidence in it since then and that made them rich today, not all had the confidence to continue the journey , it dipped massively at some points and some investors sold all of their holding while some sold large percentage for sure but it'stheir investment, they might not have regrets since they made profits but they couldhave made more though, if they had not lose trust/confidence in it..Hence, it can still be cheap at the moment compare to when you start seeing it @500k .. true it's still expensive to accumulate good amount as at the current price but accumulating it continously can give you a better amount over time(what matters is that you're willing to hold for long) and how can you do that?? It's simple just practice what the thread is all about along with the DCA strategy, accumulate for cycles and check your portfolio (you will see how far you've come)
...Actually confidence is a tool while many failed and some too with hood confidence overcome the force of selling off their holding, but there is one aspect I do consider while most holders sell off their Bitcoin the area of unforseen circumstances and loss of target over speculated period of time, some holder have some speculation while they hold that certain period what they are holding should be at a certain price and when the reverse become the case and their alternative failed them they are left with no option than to sell what they have. Though it's very wrong shall but to say when the need is not available the available become the need could be their situation at that point because some is not as a result of clear eye but been instigated by unknown factor beyond some emergency fund mostly life threatening issued.
You are absolutely right but i think the right word(s) to use are patient and discipline instead of confidence because you need these two things in other not to sell off your investment when it doesn't go as speculated. This is where most person get it wrong or made mistake in their investment we all know that Bitcoin is a volatile asset so why speculating and expect it to be so? Anyone who speculate and later wants to sell off their investment because of wrong speculation, to me I see the person as someone who doesn't understand what this investment is all about perhaps the person isn't serious to invest. I want to believe this is usually done by traders and short term investor because a long term investor shouldn't be speculating and planning on selling when it's not yet time.