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    Author Topic: Bitcoin proven many times holders won't regret  (Read 1927 times)
    Cookdata
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    March 22, 2024, 01:18:06 PM
     #101

    There is only one issue with holding Bitcoin for a long period - you never know when the price will go up significantly. You can wait for 10 years and the price would still be low. People waited 3 years for ATH to update. There is a tendency that every 3-4 years Bitcoins price update ATH, but there is no guarantee that it will always do it. And adoption might become like this - you want adoption, you get regulation or limitation. Right now Bitcoin is so to say wild. Adoption cant happen imho without control. If Bitcoin gets controlled, it will stop gaining in price.

    I think this is wrong information. Holding Bitcoin for a long term means that you are holding for a long term because you don't have plan on cashing out your investment anytime soon and also anticipating for increase in price which is not bad but waiting for 10 years is wrong. I have not seen anyone invested in Bitcoin all their life for 10 years, most people that have been holding for more than 10 years are probably the OG which are still using legacy addresses.

    So far, we have had adoption and no regulations has been set upon Bitcoin, the only people that the government are trying to regulate are the centralized exchanges which is as a result of implemented anti money laundering scheme KYC to combat scammers and allow the crypto be free from fraud but that hasn't stop Bitcoin from doing what it should have done.

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