Inasmuch as investment is concern time and patience are very crucial factors to be considered and they are the major things that drive every investment. Now come to think of what will be the profit of someone that purchased five bitcoins in 2011 when the price was about $1.00 and patiently hold the five Bitcoin till now that the price is about $100000 per Bitcoin.
The reason for investment is to make profit and this is a factor of time, patience and knowing the best strategies that will sustain the investme for longer time in order to bring a reasonable return in the future, so no investor will be happy when the value of his investment is going down instead of appreciating but if the investor critically learn the entire cycle of the system it enable the investor to have more courage and patient, knowing that the price of Bitcoin is unstable and as such will appreciate in the near future.
Most people just abandoned Bitcoin when the price is very very low. They don't even think that the price can surge and hit $100.000 because they think that is impossible. But then when the price slowly increase and hit many new ATH, they will start pay attention to Bitcoin although they still not trying to buy and hold Bitcoin.
They don't think to use Bitcoin as their investment because they are still prefer with their current investment such as gold and others. Or they don't want to open their minds to see the other opportunity to become rich in the future.
Your argument is completely different because when the price of Bitcoin starts to fall, investors buy dip into Bitcoin. Look at yours and see that those who bought the Bitcoin deep in 2022 have benefited the most, their investments have reached the peak of their success today.
I think those who are ultimate holders in Bitcoin are never afraid to take risks, because Bitcoin holding is best for the long term. Those who are short-term holders will basically always face risks, but long-term holding is the most tolerant, it is the most reliable.
2022 till now is not even a long term investment because this year just started and we haven't gone far we are still at the early stage of the year 2025, a year that Bitcoin is going to outshine and make other coin look like they are not existing because of the magnitude of uptrend it is going to take soon. Like I always say, investing early in Bitcoin doesn't really determined or imply that an investor is going to do well, some folks started earlier and do not take the process serious and some started early and take it serious some of those who invested in the year 2022, it will surprise you that despite all the surge in Bitcoin they don't have any tangible or reasonable thing in their holding and I can still remember back then 2022 some of them do not believe Bitcoin will surge to this extent that's why they weren't serious with it and I hope they have learnt their lessons.