There ARE people looking to get rich quick on Bitcoin. Which is why you see so many liquidations on any strong price action.

Most casual people I meet who are into crypto, seem to focus on two names: Bitcoin, and Dogecoin. They've bought as the price was going up, and sold when the price was going down. Which tells me two things: 1, they don't understand what they're buying, and 2, they put their money into these coins to get rich themselves.

And yes there are also long-term holding possibilities, which will win out, is what institutions are increasingly doing, and is what I have chosen.