Yet people are still doubtful or are having second thoughts about investing in bitcoin when that shouldn't be the thing that you'd be doing, they still can't believe that bitcoin is getting to this point and that it's going up and up. Hopefully that more people change their minds to the point that they're going to invest in bitcoin and hodl, long-term is the game of bitcoin after all and it's a test of patience.
First comes first serves but surely there were bigger risk in earlier years than now in 2024, 15 years since Bitcoin genesis block. With Bitcoin Spot ETFs in 2024 in USA, we will move into future with better foundation for survival of Bitcoin market.
People who are late comers will still have their parties but they will have to pay higher cost for their entries to purchase Bitcoin at higher price. I don't like to use words like more expensive because if they see Bitcoin like an expensive asset, they will not buy it.
Bitcoin is indeed the best-performing asset 8 years out of 11, which is very impressive. But I do believe it matters that it was also the worst-performing asset in the other three years, and with a huge difference between it and the closest worst-performing competitor. It's probably those years, in which Bitcoin loses over a half of its value, that are scary to some investors and make Bitcoin seem like a very risky asset. Unlike some other options on the list, it can lead to huge losses in an unlucky year, and some just can't handle that pressure.
The bottom line from the neat graphics is if people understand Bitcoin market cycle and with a big condition that history repeats, they will be able to avoid a first bearish year in every 4-year cycle of Bitcoin market. By this, they might exit earlier a little bit, miss the ATH of a cycle, but they will avoid a worse year in each cycle. Then they will get very good ROI with rest 3 years of the cycle, I emphasize, even in bear market can last 2 years, the last one will be profitable because market will warm up before a next bull run of new cycle.