It is a very old technique for this year! From 17K to 5800 USD, Every time people keep saying buy now and hold! But a big number of investors are fed up now, everyone knows when the market goes down, the best time to buy has come! But by seeing such a huge down, investors don't want to invest again!
Completely perfectly agreed with your claims which you have mentioned above. Investors hesitate to investing in bitcoin by realizing its huge down. Any time we can buy. Because , bitcoin is a long term investment. Not just a short term investment.