Even with myself. I had been through the downside of the 2013 cycle and both the upside and downside of the 2017 cycle, but even in 2019-2021 when the BTC price went up from $4,200 in April 2019 to $64k in April 2021 and then it dropped to $30k in summer 2021 and returned to $69k in November 2021, there can be some periods of surprise to have some wallets go up somewhere in the ballpark of 16x from the bottom to the top.
Even some folks in this particular cycle might have had some coins that they bought or held in November/December 2022 that were in the $16k to $20k prices, and even now when we had BTC prices go up to $120k, so then those coins had gone up 6x to 7x, which is also nothing to sneeze at, and there are folks who never had experienced 2x or 3x in value appreciating through their lives and then they are able to personally experience 6x/7x price appreciation in the past 2.5 years.. and if a guy is still accumulating he might not know what to do. If a guy had done most of his accumulation prior to October 2023, he might just feel so amazed to be on the journey, if we might consider the possibility that some guys had gotten enough BTC, yet there are way more guys who are still needing to accumulate and not to get thrown off by past bitcoin price performance in regards to their need to keep accumulating bitcoin no matter the price so that maybe they will be in a better place 4-10 years or more down the road.
What the newer folks need to know is that even if they have experience the bull run in one or two cycles, it cant affect your portfolio value in terms of numbers or fraction in the portfolio but it shakes your foundation. Let me explain more further. Like the example you gave, someone who is up 6x or 7x since 2022 may think they are there yet but when they rethink of what the value in fiat is, and the purchasing power their thinking shifts. That's basically the period where most folks start justifying their actions, gradually deviating from their initial plan by either pausing their accumulation completely or reduce the way they accumulate believing they have bought enough.
Again that is exactly what place the older folks at an advantage over the newer folks. Its not because we/they are smarter, but because they have already lived through many experiences especially in the early stage. Either selling too soon or timing the market when we should have actually buy. So yeah, it's not by looking at charts, pressing the calculator on how much we wish to buy. But its about staying focused long enough to keep DCAeing even after our portfolio has made 6x or 7x as the case may be. No matter the cause, let's at least keep buying high/low and holding long enough to make more ATH.
It’s wild to think about how some people have seen their BTC holdings multiply 6x, 7x, or even more, especially when compared to others who’ve never even experienced a 2x or 3x gain in their lifetime. But what really hits home is the reminder that this journey isn’t just about quick wins it’s about the long game. Whether you’re just starting to accumulate or have been holding for years, staying steady and focused on the future can make all the difference. Bitcoin’s price may fluctuate, but patience and consistency could set us up for something greater down the road.