Bitcoins past record an indeed give people confidence, but that shouldnt make them forget that past performances may not always guarantee future results, so theres no guarantee that Bitcoin would behave in the future, the way it behaved in the past. Every new period that we witness brings its one unique conditions, carries its own risks and also adoption levels. So itll be more useful to try to understand why people use bitcoin, than just expecting its history to reoccur again.
It's always easy to look at the chart and feel like things were easy for people who joined the market during past years while in fact there are many stressful challenges. Looking at the chart in yearly candles is comfortably but in monthly or weekly candles, it will become more stressful. The more stress will be for traders who look at the chart in daily, hourly or even shorter candles.
The market is volatile, it's always like this but with different mindsets for investors or traders, and different charts with longer or shorter time frames, people will have different feelings with their time in the market.
Typical psychological pitfalls of market cycle.