That is a good question, and that's why I say bitcoin is a financial game where there will always be buy and sell, and there will always be winners and losers. But many people mistakenly think that bitcoin will go up on its own and all bitcoin investors will win. Even if bitcoin hits $1 million, there will still be buyers as market makers will always know how to make many investors believe that bitcoin will reach even higher prices in the future.
When it comes to finance, we need to think of it as a battlefield, and there will be winners and losers. No property or game can bring wealth to all players.
Correct. There would always be people on opposite sides of the Bitcoin trade. Bitcoin even makes it possible in the sense that, we are allowed to transact even smaller denominations of Bitcoin - I think this would play a key role especially when the price of Bitcoin grows exponentially that the average person is not buyout enough to buy a 1 Bitcoin, in such a situation, satoshis will suffice. There are a number of factors that could make Bitcoin surge to $1M in the coming years. That price level has been talked about countless times, so I reckon one day, that would be the reality.
People who can't stand seeing Bitcoin dumping will join when the price is skyrocketing, and they are always fine with a 1x gain, some people thinks that if Bitcoin hit 100k then 150k is the next bustop, this are normal ways that investors think.
Only the smartest investors know that getting into investment when nobody wants them is the best way to make the best ROI off your investment, and also there will be a lot of FOMO when Bitcoin is topping every asset in the world, so many newbies who have given up when the bears
took over will FOMO into Bitcoin again.
Bitcoin has consistently rewarded those who have held through the bear market or market downturn periods. Time and time again, I have experienced this happen. Safe to say, it's normal for people to give into bearish sentiments when those times come.