This only reads that way looking back over a raising value. Look at a stock that goes to 0 and call the people that sold early fearful of losing,
When the stocks starts its fall towards 0 people will do incredible mental gymnastics, clinging to any shred of hope that things will turn around and they will revert their losses, so it takes them much more time to get out of the bad investment.
For me and probably many others, when expediency isn't an issue, BTC works great.