Yeah, I totally get what you're saying, but I have a very long outlook with BTC.
The way I see it is, I can invest one hour of my time mining fiat to buy sats and stack them, so in a few years those sats can buy ME 10 hours, or I can give them to the guy right now and get only one hour.
It really is a time preference and opportunity cost thing. I just can't bear myself to do it.
It MIGHT be different if I had mined BTC back then when it was possible instead of having to buy with fiat at current prices.