good topic for discussion. According to my observations, my friends always bought cryptocurrency after the main event, that is, they did not want to prepare and spend time on their own training, which is why they do not receive the profit they need, because at the initial stages they were lazy.
They did not make a profit because they bought after the main event, but that does not mean they won't be able to make a profit in times to come. One good thing about holding before the event is that you never really know the exact time that the event will take place or how long it will take after the event before the coin price will move up.
After a successful positive price movement to a New ATH, those who purchase it with the hope of getting a profit in the next move are always left with the option of holding until how long it might take the coin to break the limit where it was when they made their purchase, or they sell off and record some losses (not advisable). Provided that Bitcoin is the purchased coin, there is always some possibility that the price will double in the near future; it's just a matter of patience.
On the one hand, this is even better, as there is less competition between earlier investors.
How do you think this is good? Buying and holding coins has nothing to do with little people buying turning out to be in favor of investors; in fact, I see it profiting when there is a lot of demand, where there will be lots of people buying it, which might likely increase the price to a new level.