People play with money they don't have to get things to impress people that don't care. :)

You can see the same behaviour on a casino floor. Someone walks in with $500, gets up to $2000, loses $500 of that $2000, thinking it is "their" money, Then uses the remaining $1000 to chase down that $500 loss - before walking out with zero.

The market, and the casino have edges. The edge? They're in on every trade. A single entity is just a guest.

In order for one person to gain money, another must lose it, or exchange it for something that they believe to be of value.

Basic economics, of course. I long ago "cashed out" significantly more than my initial investments into crypto, so everything that remains on the table is "house money". It can go to zero and I will not care.

But I suspect that I am here for a long time, not a good time, and like other markets, time in vs timing - time in always wins.