BTC grows in value ever so slightly not because the price go brrr, but because the demand dictates so - when everybody, big and small, want a piece, in different quantities, it's no wonder BTC's value only grows.
So the price is only a number, albeit now it's a big one - the real fight is in the adoption.
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.
No, I seriously disagree with you here bro, yes it's true that the price of Bitcoin will definitely retrace a little, but looking at it from a longer perspective, it's seriously on the rise, do not forget that Bitcoin is still in it early days and it's no where close to it peak price, so what makes you think that Bitcoin is even close to it peak price now that it's not been adopted globally by the least 10% of the world population?
Just imagine the value Bitcoin might rise up to when like 20% of the total world population invest in it, and we haven't even talked about it limited supply that will make it looks like everyone will be trying to get a piece of the cake that is limited, if you truly knows the law of supply and demand, you will understand perfectly well what am saying.
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.
The volatility of Bitcoin will always be there, but in the long term movement of Bitcoin, it's going in the upward direction, it's only those that are buying without the intention of holding for a very long time that will be worried about volatility, not Long term holder.
it's never too late to buy Bitcoin but know that you are one of those buying the top, thread carefully.
Com'on man, Bitcoin is no where close to it peak price just yet because the final Bitcoin has not been mine yet and it adoption rate is still pretty low, so it's unwise thinking that this current price is too expensive because in years to come, this current price will be a bargain price you never saw now, so just buy and hold for the future, because it is going to worth it in the future.