me muddy ? ... nahhhh ... couldn't be ... i'd be happy as shit if this thing went ballistic (again) ... lowest i've paid was 90 a pop after SR closed and i started mining back in 2013 too with positive roi ... highest i've sold at was 770 ... currently have over a blocks worth acquired in the low 200s and benefited for thousands of dollars of profit ... i'd love to have gotten in in the single digits but hey time travel isn't possible so ... anyway i'd probably be classed as a late-early or early-mid adopter ... and it would be fantastic for me if it'd just rock up and up from here ... and i'm well in the black ... but i know what the reality is and what the public perception is ... rational people don't touch this shit with a 10ft pole because well ... like i said ... people don't like the idea of being taken advantage of and paying 10000X the price something was produced at is hard to stomach for normal people used to working with normal investments and fiat currencies ... but hey ... there's lots of irrational people in the world to make more $$$ off of right ? ... 
Some see it as the future, some get FOMO, some do as you say and don't buy in. I think most people accept that they had no way to get into bitcoin when it was for pennies and probably see the pullback from $1000 as making it more affordable. Everybody would have loved to be the $1-buy-in-guy. Bitcoin adoption is littered with stories of people who heard of it and then dismissed it quickly, only to return to it later at 10x the price.
People routinely pay plenty more for non investments than they would have previously or in another location. With bitcoin the reason not to buy would be you see no future in it or it is too complex for your liking; by no metric is it fully formed or fully functional. If you're an investor you might be scared by the volatility, security concerns or lack of current infrastructure but surely not by lack of growth potential.