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Bitcoin is on the rise actually, so their is a higher probability that Bitcoin will keeps on making a new all time high during every circle, and it can go as high as a million dollar or more in the future, it's just a matter of time, so the big question here is that how long can you hold?
An investor might plan on holding it for a very long period of time like three to five circles, but if he has no measures in place that will make him to hold effectively like having a source of income and an emergency funds to sorts out yourself during emergency situations in the future, you might be compel to temper with your holdings even though it's not your will, so it's very important that as we are buying and adding up to our stash of Bitcoin, we shouldn't forget to build a very good emergency funds also, so as to be able to withstand the pressure of any kind of emergency situation that may arises in the future.
You said well, however the image above can be used as a form of motivation to keep holding, looking at it gives hope cause it shows how bitcoin has increased over the years even though it portrays the price per btc at halving. For those who think holding Bitcoin is tough, yes it's not very easy you'll undergoing temptations, that's very sure but holding for a longer period is very possible, it's something that's realistic once you make up your mind to be patient and disciplined with it. Sometimes when the going gets tough, you get tougher by dating back to the history of Bitcoin and how great it's shown and proven it's potential over the years to this point, that alone would motivate you to keep going, on the other hands be sure to have a stable income too, it matters alot when it comes to holding for long-term.Quote
This is the exact reason we are clamouring for investors to hold a little bit longer, because the way Bitcoin is wired, it's more beneficial and ideal to hold for a very long period of time thank hold for a short time hoping to make a profit, which I sees as traders mindset.
Bitcoin is on the rise actually, so their is a higher probability that Bitcoin will keeps on making a new all time high during every circle, and it can go as high as a million dollar or more in the future, it's just a matter of time, so the big question here is that how long can you hold?
An investor might plan on holding it for a very long period of time like three to five circles, but if he has no measures in place that will make him to hold effectively like having a source of income and an emergency funds to sorts out yourself during emergency situations in the future, you might be compel to temper with your holdings even though it's not your will, so it's very important that as we are buying and adding up to our stash of Bitcoin, we shouldn't forget to build a very good emergency funds also, so as to be able to withstand the pressure of any kind of emergency situation that may arises in the future.