These people are buying despite the warnings. They are the true believers. They are not going to sell no matter what happens.
These are the best people to be your co-owners of any property -- They will never sell!
Who is not buying? The speculators, "smart" people, short sellers, professionals. These are people who you do not want as your neighbors. They will sell at the first sign of trouble -- driving down your property values.
People are buying and then locking the coins away. These coins are out of the supply of coins. No supply means prices that go to the sky and never crash. So give them a hundred warnings and show them a hundred false breakdowns. They are not going to look until they are 75 years old, and then they will be millionaires. Us "smart" people will still be waiting to short-sell them and take their money. Who is the fool?
You do not want to short sell these people. Their coins are welded to them forever.
Bitcoin actually is different
I am starting to think that trading crypto is a scam. I'm a smart guy, and I'm losing money. Get-rich-quick? I think I did it again.
I'm going to buy and hold too. Thanks.