Well sure, but that's how the game is played across the board. Every seller needs a buyer (and vice versa), so naturally some win and some lose. If you know of an investment with only upside, for everyone involved, please share.
There's no doubt Bitcoin has lost, and probably will still lose, plenty of people money. But plenty of great companies have cratered and lost people money too. How many people do you think lost their homes after the tech bubble, when Amazon lost like 90% of its value? Not that long ago, Meta fell 65% in 2022, I bet you plenty of people puked right at the bottom. I have a feeling a lot of people are going to be losing money on NVDA at some point too. Perhaps the same with Apple, which has had 4 quarters of zero growth, and is still close to all time stock price highs. These may all be amazing or terrible investments, it all depends on your point of view and when you own them. And speaking of terrible investments, the value of the USD has fallen something like 86% since 1972...what maroon would own that asset?
Somewhere between "this is all a scam" and "bitcoin is life" lies reality, which leaves plenty of room for greed and speculation on both sides. Not everything has to be a buy-and-hold investment, or to make sense for the long term... it just needs to make sense long enough to make some profit. If people understand the risk profile, and position accordingly, I think there is room for Bitcoin in people's portfolio.
Btw, I don't know any atm. I wish I did though.
Anyone who YOLOs all their money into one only one thing or sector, is a moron. You can be a true-believer, while still not being dumb enough to push all your chips in.
I mean I don't really know dino, but it sounds like he made a great return from a small amount of capital, and took some profit. Isn't locking in gains supposed to be the prudent thing to do?