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.
This sounds like more of trading, if your target is $100k then there's no need to call yah self an investor rather a trader , because I can someone that's new to bitcoin haven't gotten much accummulation for he or her self target be $100k, most people that have their target to be 6 digit are mostly those that have gotten enough bitcoin stashes in their portfolio. And the thing is that most of them ain't planning to sell all their bitcoin so don't make it sound like that, because even the old investors may still continue to hold bitcoin because they believe that there's still more space for growth in Bitcoin.
So rather they will choose to sell some percentage from their stashes , because selling all your Bitcoin after coming this far is not smart at all especially for those who new to bitcoin because you not be chanced again to buy bitcoin at the previous low price you once did , because some folks started buying bitcoin at 3 digits and now bitcoin is 5 digit do you think they can buy bitcoin at that low price again (nahh they won't) .