Expectations around Bitcoin are strong. The community sentiment is that Bitcoin 100k will be for sure very soon. And, it is becoming very well established that those who understand Bitcoin will never sell it.
For those who are wondering how long to hold BTC to make profits, Michael Saylor opines that: “A short-time horizon is 4 years, a mid time horizon is 10 years and the right time horizon is forever.”
Boomers and parents had the long mentality. Not sure, if the current day investors are patient enough to hold for 4 years. Investors keep checking the price trends every day. And, for investors to hold on to the BTC after seeing a 400% growth or even a 100% growth might not be easy.
“Nobody lives forever. And in 4 years many things may happen, such as the disappearance of Bitcoin.”
To be able to hold an asset for 4 and 10 years and beyond, the investor should have achieved financial stability required for their life style already.
On an average day, there are different news making it to the headlines like: Bitcoin price drops below $38,000, lowest in 5 months and Ether is 9% down; Russia crypto ban fears spark FUD; Bitcoin charts hint at possible floor for slide; Asian Markets sell off; and similar headlines are going to be around everyday and it takes resolve and understanding to continue holding. However, if someone understands why HOLDing is important – they will do it.
“The disappearance of various fiat currencies from different countries is much more likely.
Bitcoin believers are like no matter how low the price falls, it will climb back again. So, when the price falls – they are determined to buy and stack SATS.
Those who have invested discretionary income in the BTC space do not normally worry when the price goes down and they know they can hold it until the BTC price bounces back to good. However, those who have not invested responsibly or those who have pressing requirements in life and for whom investment is not their game they might want to withdraw.
Forever? Can’t take Bitcoin with you into the grave… What good would it do you? Just wondering…
It’s getting banned, by all major world powers gradually. What you thought global banks wouldn’t fight back? This isn’t a dip, it’s the last slide down. Crypto will still exist but the free ride is over.
“When you convert your fiat to Bitcoin, it is called conversion not investment.”
Many are left wondering if Bitcoin is an investment at all. Some investors are like: “Bitcoin. It is my second “bank” right now. In 2 years-time; it will be my most important store of money. Investing is something different.”
Julie is a renowned crypto journalist with a passion for uncovering the latest trends in blockchain and cryptocurrency. With over a decade of experience, she has become a trusted voice in the industry, providing insightful analysis and in-depth reporting on groundbreaking developments. Julie's work has been featured in leading publications, solidifying her reputation as a leading expert in the field.
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