You know it’s easy to say it, but it’s hard to practice when you’re in the real situation. The rise of bitcoin keeps us thrilled and excited, particularly when there are price increase visible. Although your suggestion may possibly work for you, but I doubt others will bite that.
However, one thing is certain, if you are just patient, you will never go the wrong way. And never underestimate the essence of discipline. Know what’s best for your investment and get rid of those that will harm it.
The only way normal people can keep holding bitcoin despite the massive price increase is when they have clear target where they gonna realize their profit such as $1 million per bitcoin, etc.
These clear target helps us to not get shaken and realize our profit too soon. I also personally have my own personal target and keep holding despite the rally. Had i become a paper hand I would've probably sold at previous ATH but nah, I know bitcoin can be worth more.
Many times, it is seen that some people decide to invest in Bitcoin for the long term but suddenly they have to withdraw their investment due to meeting the needs of their family or due to some sudden disaster or any other reason. Maybe the investor wants to have a long-term plan, but he may be forced to withdraw his investment. In such a situation, if the investor invests in Bitcoin along with creating an emergency fund for a few months, then it is possible to hold his investment for the long term. There are some investors who will try their best to hold Bitcoin and profit from it while there are some who will depend on their investment even if they face a minor problem. I am a long-term investor in Bitcoin. I know that due to the limited supply of Bitcoin, it will definitely be 1 million, so I will definitely hold my investment for the long term.