Congratulations on that, I feel glad to hear things about this. Those people who chose to hold for a long time and now they are having good profit, that is what we can have if we trust and believe in bitcoin, as of now the value of bitcoin is high and that would be too risky if we buy bitcoin these days, the prices of bitcoin can still go down and that would be the best time to buy bitcoin.
You said it. I think we have to stop pretending that Bitcoin is a tree that grows up to the sky.
In my very humble opinion, I think there will be two central things governing the price from now on:
Bitcoin Market Cap vs Gold Market CapI think gold has a market cap of about $10tn, and gold has many upcoming electronics uses. I think the Wall Streets Bets crowd are now switched on to commodities and stocks as much as they are to crypto too.
Bitcoin Carbon FootprintFor Bitcoin to get close to a million dollar valuation, it will take an unpractical amount of electricity
https://www.bbc.co.uk/news/science-environment-56215787OK. I've said two things (amongst many, obviously), and most optimists will think of them in isolation, but the effects of both will add up into downward Bitcoin price pressure in the medium term.