To be honest, I've had this question for quite a while. I keep seeing people claiming to just hold and hold; it'll take one, two, three, or whatever years for the next bull market. However, I'm often wondering: do you ever feel tired of waiting for Bitcoin to thrive? The past few months, or the whole past year—I'm not sure I've lost track of time—have been quite stale. Bitcoin has been ranging between $25.000 and $28.000 for quite a while. The volatility compared to other periods is lower than we're used to, or at least, to what I was used to in the past.
Don't believe to anyone claiming they hold, or tell you to hold, that is BS. If you care to think of maximizing your profit then you should have thought of holding just enough for the next bull run and buy again during the bear market. People might trick anyone they come across with to say to hold but in fact they are selling their own crypto. I honestly feel that bitcoin won't be higher than its all time-high, I'm still positive but needs more data to see.
I remembered my mistake again 2 years ago. I did hold, but I overheld my tokens, and didn't sold during the bull run of 2021, and I lost my supposed profits.
There's a difference between holding for a very long time, and holding, and waiting for the next bull run. You saying that holding even though bull run happens is BS? Do you believe that "ALL" of the Bitcoin holders are selling during the bull run? Nahhh I don't think so especially those who already think of buying Bitcoins for their children. Kind of weird, but I believe there are some who did it already. I did tell to others to hold especially when they are at a huge loss, but it doesn't mean that they'll not be selling it especially when we are in a bull run, but I also think that there are still investors who are long time holders, and they will hold their Bitcoins whatever happens.
Regards to what you said that Bitcoin won't go higher than it's all time high of ~$69,000, it's your opinion, and it's your prediction, and my prediction is Bitcoin will reach 6 digits in the next bull run.
Re: Do you ever feel tired of waiting?
Yes there are times where I feel tired, but I always go with my "WHY". Why am I doing this. Why do I need to be patient? Why do I need to hold assets for a very long time knowing that I'm an impatient person, but over the years, that "WHY" of mine changed me positively, and it works really well for me.