What is the essence of buying and hodling Bitcoin like is it to accumulate it till it attains ATH then we sell it off and wait for a dip and start buying and holdling again or just accumulate it and start using it as a digital means of exchange or are we going to continue till the 21 million Bitcoins have be mined, already 19 millions have been mined remaining 2 million because overtime, i have come across several topics about buy and hodl bitcoin so i actually wish to know the sole objective of acquiring bitcoins.
The truth is there is no main objective of Acquiring bitcoin, everyone has their reason for getting bitcoin since people have different views of Bitcoin while the most common : as a store of value and a means of financial freedom.
HODLing bitcoin, doesn't means we have to buy and wait for the next ATH before we sell, it's the HODLing plans that matters, some bitcoin investors have been Hodling bitcoin even before the previous ATH and didn't sell some or or of their bitcoin after the ATH because they have a objectives which they set when acquiring and HODLing bitcoin.
Others don't also buy bitcoin only during dip period, they buy anytime through using DCA strategy, though this is not profitable as buying during the dip but is a way they can accumulate the amount of bitcoin they aim to have because in the it will be profitable for them.
After the 21 million bitcoins has been mined, we can still Hodl bitcoin since bitcoin is not a stable coin, its price will continue to fluctuate.
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I believe this was done by a mistake?