Look at the charts from the start and you'll see that we're still at an uptrend compared to most of last year.
People always look at the short term charts. Main point of importance is that the recent noobs complaining about the current price have bought near peak levels, and have constantly seen the price go down, which pretty much explains why they don't care about what happened in the past. The only market they care about is the one after they entered, and for them, even though if you don't sell you don't lose anything, it feels like a major loss. I figured that out after thinking through why noobs don't care about what the market did in the past, and this is what I consider to be the main reason. It makes sense as well if you think logically....
agree, most people are concerned only with their own assets, so it's no wonder that the current market conditions are the main benchmark for them whether the investment is profitable or not. They do not look at people who have bought bitcoin when under $ 1k because in general people who buy the price can still smile broadly despite the current market conditions. So the conclusion is true, people who buy at the peak price will be more concerned with the price after they open a position regardless of the previous history.
I think that is only natural, all the people that invest in bitcoin or other cryptocurrencies do so because they want to earn profits, they really do not care if an earlier adopter has got incredible profits even with this market price, what we all want is to obtain profits ourselves so if you bought when the price was at the highest then it is natural to be worried, even if I still think that bitcoin could go higher in the next years.