Well for me I think there is actually nothing here to argue about, obviously the guy is blindly agueing with you because we all know the higher the prices the higher volatility, once prices goes way too high the correction might bring a massive downtrend. Check out when bitcoin was at 9k in 2020 and the pandemic came which made bitcoin fell to about 4k usd we can possibly say the deep is high but not as high as bitcoin falling from 64K to 32k in this present time, this alone shows the higher the prices the higher the volatility
I see how it seems obvious now
It's definitely easy to be wise in hindsight. However, it's only the so-called recency bias playing its dirty tricks on us and distorting our judgment. As the posts above clearly demonstrate, whenever the price stays put for some time, people are more and more inclined to think that it will go on, or stay, like that in the future. While in reality, it is the exact opposite. The longer the price stays in a tight range, the stronger the subsequent price action will be
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