Right. recently many people are flocking to buy bitcoins when the price continues to soar. Even those who used to think bitcoin was over, are now starting to invest again. Although not buying when the bitcoin price fell to $30k but now you can still buy bitcoin because in the future the bitcoin price will set a new record. Hence bitcoin holders, in the long run, are the winners.
They are buying because they are hoping to earn since they believe the bull run is coming back again and we need to avoid doing this since its really dangerous to get FOMO then buy when market keeps pumping since we never know what will be the ending of it and might we will bag hold since we bought at the top. Yeah I agree although the long term holder is always a winner on this but the question there is does those people who bought at the top can handle the market stress? if yes they might be lucky but if not well to bad for them.
At the end of the day it boils down to something as simple as that, the price at which you buy does not matter, anyone that has been able to hold their coins for 3 years has been profitable, the question is can you hold for those 3 years? Some can do so and they are able to enjoy massive profits because of it, and then we have the people that buy bitcoin and think they can hold no matter what only to discover too late they cannot do it and they have to pay the consequences of that mistake.
But this is where a high number of potential buyers might get excluded if they can't afford to hold for 3 years. You are right given the statistics no doubt about that, but we won't have these amazing returns anymore. Bitcoin going from $1000 to $1000 was more likely then Bitcoin going from $50000 to $500000. It's tougher to invest now depending on the returns you are looking for, but these outstanding returns are less likely. Most can only afford a fraction of a Bitcoin and that might also feel different and somewhat depressing. No idea, we will soon find out where we are going.