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?
The psychology of waiting is a bad feeling that causes people to live in constant stress. Especially those who invest in the bull period will be well aware that this waiting period seems to be quite a long process and your stress increases in every decline wave. This bad psychological situation, which is the main reason for panic buying and selling, is usually the worst fear of all investors. In addition, this psychological situation only affects our lives in the sector. I don't want to go without saying that we have a bad feeling that causes many of the balance of our body to change. Therefore, the best advice I can make to investors is to make long-term investments and not to experience the stress of short-term fluctuations. Of course, long-term investment will lead to a longer waiting period, but it will also help to experience less stress in the short term. Therefore, I do not recommend you to invest in preparing yourself for this psychology.