It's not about being "wealthier", it's about not being irrational: if the price is extremely volatile, we already reached the peak, and there is a down trend, why would you risk the chance to sell everything now and buy again on the bottom?
I'm expecting more >2000btc drops, are you not?
I bet more money is lost by people selling on a top and waiting for a dip, than buying on a top just before a crash.