Those who bought Bitcoin in 2011 and held today are already smiling because the collected Bitcoin at giveaway prices and are rich as we speak.
What makes you think that there are some folks who bought bitcoin in 2011 and held it till today? Anytime you're giving a reference about those earlier investors make sure you have witnessed one, Not just making exaggeration. Because is obvious that you're just exaggerating, you're not really sure about what you're actually talking about. And I'm still having a doubt about that, though most of those earlier investors can be patient enough to HODL thier bitcoin for long term, let's say for like 4 to 5 circles if possible.
but I'm pretty sure that non of them that can be patient enough to HODL thier bitcoin right from the early stage when the price of bitcoin was very much affordable till this time that the price have skyrocket, honestly I see no possibility in that.
Does the gap of a few years since Bitcoin inception in 2009 not seem like a skyrocketing price to you? If not, you're probably confused. I don't know the specifics of the holders who have been holding Bitcoin since then, but I do know that a large group of people probably knew about Bitcoin current skyrocketing price and have been regularly hoarding Bitcoin instead of selling it. This is their strategy that of how they want Bitcoin to look when the worth selling (after regularly holding). They might be expecting $200k or more. Even though the initial target is somewhere between $100k and the ATH many investors have shown their aggressive buying tendencies.
You may be convinced from your perspective that no one can be that patient. But it is possible for those who accept the target don't sell and will not sell their holdings until Bitcoin reaches expected point. Again, there are a number of investors who have already accumulated one cycle and have a commitment to accumulate Bitcoin continuously using the DCA strategy for at least three cycles. There are also many investors who are committed to holding Bitcoin until retirement, regardless of the price.