I saw a post where someone claimed that he doesn't know if he is investing in Bitcoin or not because he doesn't understand how the market works; he has been investing for two years and hasn't noticed any changes, which demonstrates how greedy the person is.
The person is either lying about his bitcoin investment, or he is expecting returns that only Ponzi schemes and scams can offer. In 2023, which is two years ago, bitcoin price never got up $45k, so if he bought bitcoin at that time till this year, that is over 100% profit in two years because bitcoin got to $123k this year. So even if he doesn't want to invest for the long term, which is the best way, in two years, he should have made a lot of profit. Even people who bought bitcoin around the first quarter of last year have made a 100% profit by now if they didn't touch it.
I agree with you. Perhaps the person was lying about his Bitcoin investment, because many people claim to be holding some amount of Bitcoin, while in reality they are not holding any at all. How could someone be investing in Bitcoin for two years and not notice any changes in their investment? Maybe they actually invested in the wrong asset that dropped badly, yet claimed it was Bitcoin and pretended not to notice any changes.
Those who invested in Bitcoin two years ago have already made a huge profit by now. It’s almost 3x of what they invested two years ago, because the price was around $125k this year. As you said, it depends on how they hold it, since some people might have sold when the price was around $70k last year.