the data that has been presented from over the last ten years shows that Bitcoin could actually have a very long way to go.
Is there any reference to take on this, so that we can read more further to understand better, or are you referring to the general bitcoin performance from its market price as at when we stated to where it is today.
Bitcoin is a long-term investment therefore holding beyond 5 years is even more preferable, we've seen how it's risen in the past decade so you can imagine how it would be like in the next decade, there're even hope that the price could be up to $1m by then so I think those who only invest for a full circle should consider extending their long-term plan to a decade or more, the beauty of holding Bitcoin is that no amount is too small so far the holder is considering holding for a very long period, you can do it daily, weekly or monthly and according to the income you generate. The more you hold Bitcoin, the more advantage you get compared to someone who's held for a lesser period someone who's held Bitcoin for a decade or 2 decades would be at more advantage and profit compared to someone who held for 5 years due to the ability of the coin increasing over time.
Yes, bitcoin is recommended to be held for a long time, and we can even accumulate the amount when the market experiences a correction with the money we have. Many people have proven and felt that when they hold it for a long time, they can eventually get big profits, including me. And even this may be only a little that we hold compared to people who have more money. But that's not a problem at all, as long as we want to do it, then any amount is not a problem. Yes, maybe we will feel and want to hold more, well there we try to find more sources of our income to later allocate to buy bitcoin.
For any investor who don't want to ran into any unforeseen circumstances, then they must be able to hodl as they invest for the market to rise and then take decision after this have been achieved, because without doing much, holding could be the most preferred way to hold bitcoin as an asset, whereby its also the most lucrative way to preserve its value over time, if we don't want inflation and other economic imbalances affect our asset, bitcoin has been seen as the most lucrative idea, currency and investment to hodl them in such a profitable manner, we could understand more of this from the increase in its adoption and how other centralized institutions are adopting the use of bitcoin and for its reserve asset.