Congratz on starting your nomad journey!
The short answer is yes. There’s a ton of people who end up settling down one place or end up circling around the same places. I don’t think that should discourage anyone from traveling.
There can be a lot of reasons why people end up settling down – some people get tired of traveling, some people find a city they really like, some fall in love, some get a new job or something else. There’s also a fair lot of people who have a home base but then travel 3-6 months out of the year.
Personally I’m in the latter camp. I was traveling, met a girl, moved in with her, broke up and moved back to Denmark. In the meantime I was still working remotely and I was still traveling, just not full time.
At the end of the day nomad’ing is a mindset. For some people it means crashing on friends couches and moving to a new place every week, for other people it’s about chasing the sun and living in places for a longer time, for yet other people they have found a way to make it their job to travel (like travel bloggers, journalists, people who go to conferences, etc). The common thread is a belief that there can be placer better than where you are and you should go explore them and that location is negotiable.