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?
Some people (smart people) waiting not 5000 they are waiting for big up impulse (say on +50%). Only after correction of such impulse, they will buy on big money.
They don't care what the price will be 5k, 6k, or 7k they need the impulse to start preparing big money (withdrawing from deposits, etc)