Your point is why I feel that many people will get trapped sooner or later, the fact that everyone want a piece of Bitcoin and the gold rush is spiking up like never seen before, is why I feel that 2021 is unfolding right in front of our eyes again, you are a fool if you believe that Bitcoin will keep going up and up forever.
Institution and countries investing in Bitcoin have brainwashed many investors thinking this time is different, they think Bitcoin isn't going to come down ever again, they erase the volatility of Bitcoin off their heads.
No one can spot the top, it's better to be put on the way up than waiting for the real top to happen, it's never too late to buy Bitcoin but know that you are one of those buying the top, thread carefully.
This is the main question, when is the right time to exit. Many people understand that bitcoin is growth is cyclical. It reaches a certain peak and then crashes. But what strategy is best to use? I came up with this one for myself. I define the price I believe it could reach, divide my investment into three parts, and decide in advance at which price point I’ll sell each part. But even then, doubts can arise, and I might miss the right moment, end up freezing my assets for a long time, or exit at a loss.