the investment concept is like that, buying cheap and then selling when prices are high, this formula will apply everywhere, but I think holding on too long will be risky, so it's better to buy cheap and then sell when market conditions are getting stronger against bitcoin , speaking of profits bitcoin is the best asset if invested, but make a good investment scheme, if in 1 or 2 years can produce, then make a sale.
Yes, that's the concept. If you want to hold on too long, maybe you can do it with bitcoin because you've seen real examples of what bitcoin is already doing.
Many people hold bitcoin, maybe some have held bitcoin since 2017 and when the bitcoin price rose in 2021-2022 yesterday, they made a big profit by selling bitcoin.
But it requires a lot of calculation and research for altcoins because few altcoins can deliver as big a profit as bitcoin.
If you do not put in your emotions into investing, that means that you are going to end up with a good return and it will not matter too much for you. I am not saying that it will be zero, but it will surely be fine and it will not matter too much.
I feel like the price in 10 years could be as high as one million dollars, there will be people who think that it will not happen but the reality is that we all know it could happen, it will not be there right away but there are 2 halving between today and 10 years later (maybe even 3?) and that means that we are talking about something that is increasing the price a lot when it happens and it is twice as well.
Last time we had it we moved from 10k to 68k, and if we calculate it at 7x, that means from 40-50k we could move to 350k in that sense, and 7x would be over 2 million dollars. Even if it doesn't move up that much, it could be half that, which is a million dollars.
Managing emotions is necessary for investing, especially in crypto, because price fluctuations in crypto are more frequent than investments in other fields.
Maybe we haven't been able to get a good return in 1 year but if you stay patient and hold on to your coin you will surely see the price go up high and it will give you huge profits as we have seen several times.
When something becomes very rare and many people are looking for it, the price will go up high and we can never even imagine how high the price will be.
Bitcoin reached its highest price of $69k in less than 15 years. Moreover, we still have 2x halvings that can make bitcoin prices reach more than $500k.
We would be very happy to see bitcoin rise to a million dollars.