Holding period isn't easy for everyone. Some people have hard time waiting for it, and because of that we need to realize that things cold be very different. If we could end up with a much higher price in the future, and we fail to wait, then we will regret it.
So, the best case would be just assuming how this could change and how we could make more money from this. If we want to reach to a higher level while making a profit, then we need to be able to wait.
Panic, fear, anxiety, worry, none of that will matter and we will not make money from them.
Those are emotions that will cause you to lose money when you could profit. Which is why you should ignore those feelings, and focus on just holding no matter how bad things look.
I totally agree!
With Bitcoin those are the emotions that will indeed cause investors to lose money when they could have gained. That is why investors should ignore those feelings, and focus on just holding with the full and faithful understanding that a correction (no matter how bad it looks) is exactly what is fully expected to happen as it climbs to new heights. You don't climb to the top of a mountain without feeling some pain. Some people don't want to ever accept having some pain along the journey. They are almost always losers...
If you've ever had surgery it's like the pain you are expected to feel before your recovery. Bitcoin is a series of these surgeries, pain and recoveries as it reaches never-ending new highs!