Regarding luck.. There probably is some luck involved, but like you suggest Cookdata holding and even continuing to buy through the years is not ONLY attributable to luck... even though there may well be some luck involved, since folks are in different places at different points of their lives and in regards to their abilities to spend time, money and energies on something like bitcoin
JJG I read what you wrote above that's why I decided to ask this question directly, those who bought bitcoin when bitcoin was $1k as at then, and they hold onto it for years and bitcoin prices increased along the line less say to $30k and they profited massively from their bitcoin holding, so now my question is, where they lucky to buy bitcoin when bitcoin price was $1k and hold onto it for years or they just make the right decision buy buying bitcoin with believe that it we increase in price one day since bitcoin is decentralized?
It is wrong to think that those who are smart have been successful in holding Bitcoin because the price of Bitcoin was low in the past, and that many investors are not daring to hold Bitcoin because the price is high at the present time. You should note and think that those who invested in the past were brave and had the ability to take risks.
Those who are ready to take risks even today can be successful by buying these more expensive Bitcoins, you can keep storing Bitcoin for a long time in the DCA method according to your needs and based on your income. You can keep buying Bitcoin for a long time in the DCA method weekly with small amounts of money, it is possible to be successful only if you can hold Bitcoin strategically and correctly.
The rich do not complain too much about buying Bitcoin at a very high price because they know that the plan is to hold for several years, not like many of us that don't have sufficient funds to hold for as long as possible. Even at that, many average men do not have the future to think about, all they care is the present. All thinking about making quick profits without thinking about what the future has in place.
I have made this kind of mistake at the last and I urge everyone to keep buying and holding even if it looks we are buying at the top. When we do this continually, one would not even realize how much profit they will be making in the future as the price of Bitcoin keeps ranging without knowing what the next direction would be. We don't need to keep thinking about the market and how to make huge profits immediately, the future market price gats our back in due time.
The price of Bitcoin might keeps ranging for a while now but it's certain that we could start seeing price going bull as time goes on. We don't need to be at a rush, one has to keep the momentum coming as we keep buying at different prices. The wise investors would never ignore this strategy of consistency in accumulating Bitcoin in our portfolio.