Not everybody. Still have 40% fiat @ exchanges.
It's allways good to have money to buy dips.
You're losing shitload if you have 40% of your stash in fiat while price go to the moon, then it doesn't much help to buy in dips.
Losing?
No! Probably you don't get it. It's not real profit till you sell. If everyone is going to sell @ 10k, there won't be 10k, rather 1$.
Btw I have a lot more then 40% in fiat/gold/appartments. Bitcoin is just my high risk playmoney. It will never be lifechanging, because I have a better life then 99.99% on earth.
I dont put my future in some genious pyramide scheme. Everbody can change his life without the money of others.
Your belief that your fiat/gold/apartments/BTC holdings makes your life better than 99.99% of the people on earth is pretty indicative of your horizon and take on life, which makes me personally think your life quality is pretty shitty compared to most people with views on life less focused on holdings and money.