It's a testament to the huge growth of Bitcoin really. If gold goes up 3% a year, well it will probably do that next year, so John Smith with his $1000 to invest only missed out on $30 by not investing a year ago.
But with Bitcoin, John sees the price going up by factors of ten or more, and thinks how unfair it is that he didn't put his $1000 in a few years ago. Surely now, he thinks, it cannot continue, he has missed the boat and the hype is over, so the opportunity is no longer available to him.
It's a testament to the huge growth of Bitcoin really. If gold goes up 3% a year, well it will probably do that next year, so John Smith with his $1000 to invest only missed out on $30 by not investing a year ago.
But with Bitcoin, John sees the price going up by factors of ten or more, and thinks how unfair it is that he didn't put his $1000 in a few years ago. Surely now, he thinks, it cannot continue, he has missed the boat and the hype is over, so the opportunity is no longer available to him.