It means that those people who bought above $60k price bought because they were ready to invest in bitcoin as that was the right time for them. They also have the mindset to hodli for long and they didn't buy because they are after short term profit. This is the reason why they are still hodli their investment till now and some of them are even increasing their bitcoin portfolio because they understand the that the long term goal is superior.
I don't think they bought bitcoin at a high price because they were ready. They bought it because they thought bitcoin would keep increasing in price and they got caught up with the price when bitcoin discontinued the price increase.
Before the price of bitcoin increased to this extent, some would have sold their bitcoin before now for less money, while others would have decided to hold onto it in the hope that its value would increase above the $60k purchase price. Whatever the event is, it does not prevent them from having the chance to accumulate bitcoin over time at a discounted price.
Bitcoin is now at a high price to catch up and knowing that Bitcoin is at a high price anyone who invests in Bitcoin now is not a fool but may be investing in DCA strategy. I don't believe in the idea that you always have to buy bitcoin at low prices. Yes, I don't agree that buying bitcoins at a low price is more profitable if the price goes up later, but many investors can't wait for the price of bitcoins to go down. Investing is difficult for people who only plan to invest and wait for the price of Bitcoin to fall.
Our plan is to buy bitcoins at a relatively high price there for a long period of time so it won't affect our investment too badly. In case of long term investment we don't need to see much profit and loss because if we see excess market then it is difficult for us to hold the investment.
There are many investors who planned to invest in Bitcoin price from $20K to $25K but at that time they thought that this may be the peak of the Bitcoin market and from this position they waited for the market to go down but the market did not go down due to which they not invested. Again this year when bitcoin reached 30000 dollars it was the highest price of bitcoin touched this year but at that time those who invested managed to come up to $45K with their investment but those who did not invest are still waiting for the market to go down.
Since the plan is for a long time, investing without thinking so much, we should only keep the investment for a long time.
There are some really think that people buy at high price thinking that they are fool to do that decision but they never realize that we can still do DCA strategy even with that case. Maybe people just need to practice to have good patience so that they see a good result instead of keep doubting about the movement of the price of bitcoin. Its so difficult if we only put in our mind to invest but we didn't do any action since for sure we will just end up regretting on the good positions we supposed to take.
Buying at whatever price we want will not really affect our investment since we can still decide on which figure we can sell it or just simply save it for future since bitcoin investment is flexible and we can decide for it whatever thinks we like that's why there's no need to get panic in some situation since we can still be in controlled in our investment especially if we choose bitcoin.
That's why waiting game is kinda not good especially if there's good market condition to occur and we need to take good decision before it goes to late but we also need to do proper action so that we will not be in FOMO situation since important that we have series of scenarios set in mind to have good plan or strategized regarding on when to sell and buy again when needed.