Once I get my debt settled, I'll be buying some bitcoin to hold on to. But no altcoins for me.
Correct. The more you/anyone hold the better will be at the end, when you want to withdrawal. Sometimes is hard to be patients when price go up and you/me/he see the opportunity to make money and try to sell but then in few day price goes again and you see wasted opportunity. Both patience and holding need to be crucial here if everyone want to get more out of this.
I have seen many cases where people keep waiting for bitcoin to raise further but they end up with dump. So whatever you had then, just be thankful to God.
Yes, thinking that way is sometimes very bad. When I started investing with Bitcoin, even I used to be like that, which resulted in a sad mood, and often my mind was distracted effecting my life. So I was advised by my elders and I followed the same path of making a target and follow that.
I make both type of target, small period and long period. So I hold accordingly till the time I might reach the target.