no sane person will invest now.
I don't think so. Situation like this is the best time to buy actually. This is considerable cheap and if you are going to invest, you should trust and be optimistic that price will go up and can have a new ATH soon, 3, 4, 5 years, no one knows. You may need to hold it for now.
I really agree with what you say. there is no investment that will provide instant profits, you have to buy and hold it for a long time. patience is needed in investment.