Fair enough in regards to the further explanation in regards to the various things that earlier adopters might have done, and surely there has been a decent amount of variance, and yeah some may have sold too many too soon, and others may have just sold portions of their stack. Some may have had conviction from the beginning and others developed their conviction later, and surely it would be difficult to characterize in general kinds of ways, since there surely have been some folks who might have had approached BTC in similar ways as me, and surely there are differences in the financial circumstances of folks and even their technical knowledge, and including considering details of their too.
surely people approach on btc investment differs, expecially in technical aspect. that is why we have different categories of investors and there approaches. the list below shows 11 types of investor.
1. The Newbies
2. The Bitcoin Maximalist
3. The HODLer
4. The Trader
5. The FOMOer
6. The Hunter
7. The Traditional Investor
8. The Ecosystem Expert
9. The Crypto Native
10. The Early Adopter
11. The Whale
The 11 types of cryptocurrency investors
you are right , newbies investor can never be compeard to the crypto native or whales in regards to your explanation of people approach on Bitcoin investment differs expecially technical aspects. if you read through the link I Sheard , the crypto Native suits your explanation even though it didn't appear as thought, but for now i see it as the perfect Match when classifying investor and there level of understanding and long expirenced in the ecosystem. sometimes I see you @JJG as one them. if you read down to the crypto native you will come across a statement like this
Traits of a crypto native:1. Lived through multiple market cycles.
2. Used to the high volatility.
3. Understand the technological and financial aspects of crypto. another one I would have also considered is the ecosystem expert. but I think you will be in good position to explain more better or trow more light to this link I shared.
those are really 9 factor that influences people's decition on how to invest in bitcoin I would have loved to add more but I guess you have summarised all. it may be listed as 9 factor but deep diving into it it is actually more than 30 factors but summarised into 9.
By the way, I am claiming that my average cost per BTC is right around $1k, so yeah, I bought bitcoin cheaper and more expensive than that. I think that the lowest that I bought BTC was around $182.. but surely I did not buy very much because I had run out of money, and really when the BTC is dipping that low, sometimes we will run out of money, and I ran out of money for a lot of 2015 during the time that the BTC prices were in the $200s, and surely I have some purchases in the $200s, but really there sometimes can be difficulties buying when the BTC price is so low, especially if you already have a bunch of BTC and your costs happen to be way higher than the then current price.
I guess by then you didn't have discretionary income or was not yet knowledgeable about deliscretionary/ reserved fund or haven been making attempts of keeping emergency or reserved fund. otherwise you wouldn't have allowed that golden opportunity of buying cheaper slip you off. and I guess these where the predicament and scenerio that have captivated and change you. by making you putting emergency and reserved fund at first before anything, because if you had it then Bitcoin was at $200s you would have accumulated alot by now. but surely I believe no room for regrets because there is no time that is too late to invest in bitcoin but the level of your accumulation and consistency matters and haven discretionary fund to keep the train moving.
Also, I made several mistakes along the way, which I expect others to have had made some mistakes along the way too, whether they are earlier adopters or not.. and the concept of early adopter is surely a relative term, since it is likely that anyone getting in below $1k will be considered an early adopter to some, and anyone getting in below $10k will also be considered an early adopter to others. .maybe a bit later down the road, even though newbies to bitcoin likely realize that it is quite unlikely that either sub $10k or even sub 20k or $30k will ever be reached again.. Surely the lower the price, the more confidence that we might have that such prices are not likely to ever be reached again (absent some breaking of bitcoin).
it might be true but I doubt that " the lower the price the more confident that we might that such price is likely not to be reached again" because Bitcoin is volatile and anything volitille can not be predicted uprightly. despite bitcoin is the best investment, it can even fall to 0 even as we don't think of that. let's say around the ending part of 2021 Bitcoin made it way up to aroun 46,886.08 per btc. and fall way below $20k around 2022. surely most people never thought of btc to fall below $20k in late 2022 after hitting 46,886.08 around December 2021 but it fell to $16k in the late December 2022 1 year interval. meaning that no level passed can be assumed to be likely not to be reached again.