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.
Some people you may see abandoning Bitcoin in their wallets did not just abandon it; rather, they shifted their attention away from it when the Bitcoin price was low. The reason some people do this is to avoid getting frustrated, and I think that is the best approach. Imagine someone buying a certain amount of Bitcoin during the last bull run at a price of $60k, only for the price to drop to less than $20k during the subsequent bear market. How do you think that person would feel when they open their wallet?As for me, if you don’t have money to continue accumulating, the best option is to leave it untouched for a long period of time.
The truth is, not everyone who takes their eyes off Bitcoin investments thinks that the price of Bitcoin will never rise again. For some, this is the only way they can maintain peace of mind regarding their investment by not checking the price of Bitcoin. Constantly monitoring the price can cause panic, which might lead to selling. If someone truly believes that the price of Bitcoin will never rise again, they should sell it. However, many people abandon it temporarily and focus on other things because they see it as a long term investment.