Great, because a lot of people have lost their money since the beginning of this year. Now let them have the opportunity to get their money back.
I am not so sure that many of the people that lost money are going to come back for seconds with just a slight recovery of the market, think about it those that are getting bitcoin right now are the ones that invested before the previous bubble and that are still in profits despite the huge crash that we witnessed, everyone else that was a first time investor at that time is probably out.
That is always the problem they end up having. They leave by selling at loss and then the market recovers, they feel it is just another sham and then the market keeps going up and they join FOMO over and over again. Is it not absurd that people can be thinking in the same way and expecting to get different result ?
It is happening always to see a downtrend in a market and if they are not happy because they bought at the top, they should buy the dip to cover up, but indeed they are looking for short term investment and not long term.
It is completely absurd but that is the way people are, instead of concentrating on learning the most about the market and about investing they got the FOMO and invested not thinking of the consequences, when anyone that has read even one book about investing knows that the moment where everyone is buying is not the moment to follow like a sheep that is the moment to sell.