I think you are right if holding bitcoin for too long afraid of it happening is not in want allows us to experience loss
and once the market goes down you can get a chance. Buy alt and hold coins to reach your target nice coins never give you a loss just takes patience

On the one hand you are right, but there are still many people and maybe I am also not so crypto related and we still need the currency to pay the bills, buy something to eat and other necessities

You should be able to choose the right coin where you can invest your bitcoin, otherwise you can lose most of your investment that you have