A lot of hope for new investors is that the price of Bitcoin will reach 100K, in this case it cannot be sold in the hope of a lot of profit. Long-term thinking should be kept in mind. One day success will come if you keep it for a long period of time with patience.
Agree with you on some points but disagree with you on one point. Not only are new investors waiting to sell when Bitcoin enters the six-figure range, but most investors, both new and old, are waiting to sell at $100k. There are some seasoned investors or old investors who will wait for seven figures, but we will rarely see such investors.
What do you mean, people who have been holding their investment for three or four cycles shouldn't be selling at $100k? If you've been keeping an eye on Bitcoin prices, you'll know that Bitcoin hovered around $29k-$35k earlier this year. Even if one had invested at the beginning of the year he would have made almost 3x profit at the time of $100k. It is equivalent to Trady but profitable. A novice investor may not want to sell their investment so quickly. But we would be wrong to say the same about old investors. Because old investors may have an elegant time selling their bitcoin stash for maybe $100k.