But I tend to think that bitcoin is no longer an alternative, but it is a arguably better investment than gold. While we know that bitcoin's volatility is unbelievably high, we are also aware that this asset has made many investors profitable in the long term. This assumption can be justified if we both compare the price movements of bitcoin and gold in the last month. Bitcoin is worth $24K since last month, but not much has changed in the price of gold.
Regarding the question in the poll, I definitely get the second point as the current vote. I've been holding bitcoin for a while, and it's still going to last for maybe a bit longer than the previous ATH cycle.
Bitcoin and gold have different price movements. Bitcoin is a highly volatile digital currency and has very fast and volatile price movements. Bitcoin prices can change significantly in a matter of hours or even minutes. At the same time, gold has a more stable and slower price movement. Gold prices usually change over a longer timeframe and are not as fast as Bitcoin.
Nonetheless, investors often use both Bitcoin and gold as alternative safe-havens. They choose to invest in these assets when the economy and stock market are unstable, because they are considered relatively stable assets and are not affected by economic and political changes.
The option to keep holding bitcoins until it exceeds the last ATH is a good one, that includes the long term. But don't just wait, if there is an opportunity to buy at a lower price, of course it will be a good opportunity, so that there will be more benefits when you reach the last ATH.