Does everyone always buy at the very beginning of a cycle?
If someone understands the cycle, he/she will buy in the first year of bearish season at least.
If someone buys in the 3rd year of some bull cycle you're talking about, does that mean they need to sell a year later?
I'm sure, average investors will target to sell in the bullrun season. So, most people will try to sell their assets as long as it is in bullish/bullrun season. But not everyone has the same target. When someone wants to sell their assets, it surely depends on their target.
That's not how investing works. Cycles are for speculators and long term traders, real holders don't need them.
Everyone may have their own perception about how the investment works. You can't judge it is not the right way for investment if people target their profits in the bullish season. And I'm sure even if the real holders, they won't hold forever.
Your experience is just your experience, it is not some authoritative signal for everyone, unfortunately.
Yep. That's why I said "according to may experience".
So people will understand it may not happen to others. I don't force anyone to follow my investment style. I just share my experience.