Since 2010, Bitcoin price has increased by + 80.000.000%. Buying Bitcoin and HODL Bitcoin is a profitable strategy in more than 99% of cases.
A drop in Bitcoin price will not change the amount of BTC I hold
At the end of 2017, during the uptrend cycle, the price of BTC almost reached $ 20. And then the Bitcoin price plummeted to just over $ 3k by the end of 2018. In this situation, you have two ways to react:
- You focus on BTC / USDT price.
- You only focus on the amount of BTC you own.
Those who choose the first option will panic. You get the feeling that you've lost thousands of dollars in just a few months. In fact, if you don't sell, you lose nothing.
BTC price when recovering is always higher than before
At the lowest level of the Downtrend Market in 2018, Bitcoin's price dropped to just over $ 3k. Many think we'll never see $ 20K again. As you know, they are wrong.
BTC's strong uptrend started in October 10, and by 2020 it brought the coin's price past its previous all-time high (ATH) to almost $ 2021k.