I have now heard a lot of people talking about they are waiting for bitcoin to drop, so that they can buy bitcoin. But these guys might have said that since 6k$ and are still waiting. What do you tell those people, to try and make them understand that waiting for a drop can cost them huge percentage gains?
Waiting is crucial in medium-long time trading, the market does not offer very clear opportunities of trading every moment. You have not to rush just because you WANT to trade. You have to wait for the perfect trade coming in front of you and then catch it!