When the price hits $126,000, retail investors say:

"Head straight to $200,000, go!"

When the price hits $90,000, retail investors say:
"It's just a pullback, add more!"

When the price hits $78,000, retail investors say:
"Maybe I should wait a bit more..."

When the price hits $67,000, retail investors say:
"Wait until it drops to $40,000, then buy."

When it actually drops to $40,000, retail investors say:
"It's over, it's going down to $20,000, who the hell dares to buy!"

Three months later, it rises to $95,000, retail investors say:
"Damn, I should have bought at $67,000. Now the trend is stable, go!"

When it reaches $120,000, retail investors say:
"Straight to the moon! Full position!"

Cycle repeats endlessly.

Because retail investors have never been after cheap prices.
Retail investors want certainty.
And certainty has always been expensive.