Short term price movements don’t concern me, just keep buying & holding. Look at bitcoin as a long term investment. It’s the best savings vehicle there is. You will get rich from bitcoin if you’re patient & have strong hands.
if you buy under $10000 of course holding can mean getting rich, but what about those who buy above $50k?
is the hold worth it? I don't think so, because it's not certain that the bitcoin bulls will continue, even though everyone says the bulls aren't over yet,
I still believe that the bulls will end, I don't know, we'll see.
For those who have bought above $50k, then obviously, they will have to hold and not make a sell-off, otherwise they will lose. It depends, are you are long term holder or just what to short bitcoin? if you are a long term holding then it's worth as far as personal experience. Of course we all know the risk, the market is really volatile and we don't know what the future holds, maybe we can see a bullish cycle at the end of the year or maybe the bear market will continue.
I agree in the end it depends on our plans to invest in Bitcoin, if for the long term then holding is a good choice. But if the investment in Bitcoin is
for the short term, we better sell the Bitcoin we have, because there is no guarantee of Bitcoin recovering anytime soon. So for investors who buy
Bitcoin for short-term investments, they always use the stop-loss feature, meaning that if the price of Bitcoin drops far enough they will choose to
sell their Bitcoin and will buy again at a lower price.
