Never buy on a down trend. Best option is wait and see.
Right. The fall is huge and the volumes are not so high, so the decline may continue. While I am still optimistic in the long term (years), I fear we may enter another long "cypto winter" now and that there will be plenty of opportunities to buy at even lower prices.
Well again with btc volatility extremely hard to predict, it can recoil sooner than you expect and you'll miss the chance of buying cheap bargained coins. For me, buying little by little during dips like this is better. It doesn't matter if it goes lower, just buy again then.
It did recoil sharply in December, but it was something of a 'bull trap'. But now it is not a dip, the decline is slow but steady and nobody knows where it will end. Buying during such times is psychologically difficult, because the price always falls. I hold what I have, but I do not buy.