A couple of the folks I know are just HODLing until BTC hits $150,000. Most of them bought Bitcoin when it was a couple of $, haven’t bought Bitcoin since and are just waiting it out to see what happens.
Yeah, more or less. Basically if Bitcoin is ever going to get to the same market cap of the stock market or the gold market, it's going to have to get up to a certain price, and there are quite a few people that are fairly confident it will get there. It's gone up well over 10x just this year alone, it's not too crazy to believe that it could go up another 10x in the next 1-5 years (I would have said 5-10 years six months ago).
Good question! I don’t think it’s a scientific number, but rather based on the current price (approx. $15,000 at the time of writing) to represent a 10x increase in Bitcoin’s valuation.
There's no risk to not selling - so it's more the question of why not hold? The reason why to hold is because these crypto-assets are fragile and they know if too many people try to liquidate before more people jump onto this global Ponzi scheme then the price will crash. But they know it's a matter of time before people who already made tons of money will start to slowly re-inject money, buying to move the price up again - each new buyer supporting each other - until a flood of the general public (or new big time investors) pump money into the ecosystem.