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?
Right now the price of Bitcoin has dropped, maybe these is the time that they buy for it. We will never know when Bitcoin price will go up again like the previous year but it will surely come.
If people will buy for it, I think in the next few days we'll be able to see bitcoin's progress at greener trend of the blockfolio monitoring. In reality nobody knows or even predict the exact price on how Bitcoin will rise further, and for an opinion here psychology of waiting was just a matter of patience and courage.
I think it is always depend on the market. Or maybe investors inside the crypto market and we can really earn on it if we are going to wait for the right time to sell. I believe that good things cones to those who wait, so let's wait and have more patience for good.