I think those who bought Bitcoin when it was $1000 and hold it for years are legendary investors and they believed that Bitcoin's reputation and demand, as well as its price, would increase dramatically, so at this point it could be said that they made the right decision to take the risk of purchasing Bitcoin. We have seen it many times that the price of Bitcoin jumped to $1,242 in November 2013, so perhaps many at that time were forced to imagine that Bitcoin would continue to rise in leaps and bounds in the future.

However one thing we need to know is that those who have been involved with Bitcoin for a long time may already be able to understand the correct movements. Bitcoin is not yet overvalued, so there is ample opportunity for you, like most previous investors, to stash Bitcoin on demand.