I believe it is a NGU mindset. They get excited over the price going up, but they ignore the difference in the interim because of ideology. I guess that is how markets operate, regardless of the asset in question.

I've watch a friend of mine hold his BTC up to $2 mil and get excited, then it goes back to $500k and he's demoralized... and now he's bullish again. I'm like dude, take some profit because we are playing a long game here, and we have to understand the mindset of the people are we up against. They want it easy.

I'm sure I am preaching to the choir here, but maybe someone will see this and think twice.