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?
When Bitcoin was first launched in the market, many people did not dare to take risks. Because Bitcoin was new to the market at that time. But in the current situation, many people do not dare to buy Bitcoin because the price of Bitcoin is very high. All these people will never be able to do anything good from the Bitcoin market. Because they get restless after seeing small market declines. In the case of Bitcoin investment, you have to have complete faith in Bitcoin. I think Bitcoin is still far from what Satoshi Nakamoto thought about Bitcoin. Whatever the price of Bitcoin is, as an investor, you should keep buying continuously and keep buying continuously until you can accumulate enough BTC in your portfolio.
Those who are still afraid to take risks in Bitcoin are basically far away from investing in Bitcoin, because many investors have been afraid to invest in Bitcoin in the past. Now they are regretting it in the present, so for those who still regret taking risks and want to invest in Bitcoin, the DCA method is the best method.
If you can buy Bitcoin weekly according to the DCF method, then that investor will definitely be able to save on the purchase price. As a result, he will get a huge saving on the purchase during the deep market, he will also be able to hold it for a long time by following the Bitcoin DCA method for a long time on a weekly basis.