And I have never seen a lot of these people that sold all of their bitcoins to take profit ever come back to buy back bitcoin when it starts lowering in prices, most of these people that are saying that they're doing this are either thinking that when the lowest price is already present that it's going to get much lower and then they end up regretting it and then buying when the current price is double the last time that they've hesitated to buy. I do think that it's stupid too to cash out too early but I do believe in the balance that you also should never marry the bag, you don want to be sticking too long to bitcoin without getting some profit along the way.
Those who sell of their Bitcoin holdings with expectations to buy back cheaper are just gambling on such odds cause there is no guarantee that the price would dip any time soon or who knows if they just sold at the dip and the price skyrocketed and doesn't return to even their sell price.