Over the years bitcoin has been proven to be a reliable investment. Imagine those who took the risk to invest in Bitcoin as at 2008 and years back and still hold their investment till now. You will release how valuable and reliable Bitcoin is. How profitable their investment has become also considering the growth rate of Bitcoin as the leading crypto currency.
Surely it will be very rare for people to hold bitcoin from 2008 to the present. Those who held bitcoin in that year were only people who believed in bitcoin technology and believed bitcoin could become a valuable digital asset. Of course they will have a target at what price they will sell it.
The fluctuation of bitcoin price will trick the psychology of the holder so some people will sell it as soon as they make a profit.
Bitcoin investment does look profitable, because the price continues to rise, but the market will also not continue to rise and will experience a deeper level of decline.
The right time to sell and buy bitcoin will be very important for the continuity of the investment.