~snip~
My only advice is that the high expectation on bitcoin should be curtail so as keep your emotions, greed and risk tolerance in check, I guess this is where the problem comes from, that why only a pullback or drop some begin to sell off rather than accumulating more.
Looking from different perspective probably they might have made profits off there holding, still doesn't satisfy the need for investing in Bitcoin with a short term view.
The emotions that arise are due to the investors' own greed. In fact, there are still many who claim to be investors but still use trading strategies, even though they are very different.
A trader definitely still looks at market conditions, and all he thinks about is quick and momentary profits. different from investors, who are actually happy if bitcoin is experiencing a correction. they can instead get bitcoin at a cheaper price to grow their portfolio. and investors are not selling it in the near future because again considering the prospects for bitcoin are long term.
real investors will never sell their bitcoins within 3-4 years. even during that time, many continued to accumulate bitcoin holdings. only if it has been more than 4 years, they will sell only around 3-10% of the portfolio to enjoy their patience in collecting bitcoin without having to sacrifice their portfolio.
I agree with your view @leonair that big investors and realize that bitcoin has great potential, maybe they are ignorant and do not pay attention to the conditions where the new ath has occurred, because they invest long term for a dozen years maybe more, and what is clear is that bitcoin is very unique where in the past he was considered an ordinary coin and in fact now bitcoin is being hunted by investors who are aware of its potential.
what about you now, have you started to accumulate bitcoin ownership?
In fact, it would be great if you could hold on to Bitcoin for up to a dozen years. but it still depends on the age of the owner. and it is impossible for someone who is 40-50 years old to continue accumulating bitcoin for a dozen years. If you are still young, maybe you can have a peaceful old age. but the fastest in my opinion is only 4 years, then think about what happens in the future. continue to continue or sell it little by little to enjoy a fulfilling life.