Been holding/using Bitcoin (when possible) since ~2013. I have it because I'd rather use it than anything else, and I imagine a future when it's a decent alternative to cash, but we're not there yet so I'm still waiting. I have no qualms with the price going up or down, as long as eventually I can use it for purchases and giving/receiving friends/family, which I can already do, but it's on a very small scale.

This is very controversial, but as long as someone accepts that Bitcoin is better money than fiat currencies (which I believe) with a 2x/year adoption rate (right now it’s hundreds of millions of people), fiat currencies will hyperinflate in 2030. I already have non-Bitcoin friends using either stocks or houses as savings, and fiat holders will be the bag holders…people who get into debt will be the winners.

> what's the long term plan?

If BTC held at these levels for the next 20 years, I wouldn't mind. As long as it holds it own against inflation, it's a pretty nice store of wealth.

If it goes another 10x, I won't mind either, obviously. But I really don't need it to: it's got other advantages.

Keep holding until the sell orders I have trigger, then put the after tax proceeds into my brokerage. If it goes up more, sell repeat. Never plan to sell 100% of my holdings. Once my brokerage account and/or the portion of my stash on crypto interest platforms is enough to provide a generous regular income, FIRE.

I never expect to hold zero Bitcoin, but I do plan on selling some in 2022 just to rebalance into other investments / reduce risk exposure.

I still see a lot of growth potential, and I believe the current market cap is overstated. Many many coins are permanently lost, my bet is that the true market cap is significantly under $1T.

In long term it should replace other forms of money and assets that are used for storing value. Demand stops growing when everyone uses it, and the value will stabilize.