what you say is something that should be understood and owned by everyone who wants to join crypto. because what you say is true, that even though bad news will always affect the movement of bitcoin but there are times it may not shake bitcoin and keep increasing. So it just depends on the situation and the bad news.
but the most important thing is where there is a good side with this correction, providing an opportunity for those who have not had the opportunity to have bitcoin to have it at the current price drop. because opportunities like this might be hard to find.
always have to believe that bitcoin will be able to get through something like this, because bitcoin is used and able to get back up because there are still many who need bitcoin and will continue to buy and make an attractive investment. what you are saying is the truth that bad news can be bad news for those who do not believe that bitcoin will ever increase again. they will never have another chance like this.
Indeed. It is a chance for people out there to buy bitcoin at a low price. Although $30k is not cheap for most people but they can still buy bitcoin fraction by fraction. So that can not stop people to buy bitcoin with small money continuously. The correction gives a chance for bitcoin to get more support from the people who bought bitcoin, giving bitcoin more opportunities to increase step by step in the future.
Believing in bitcoin will be necessary if people want to invest in bitcoin and not panic if the price is down like today because bitcoin is not weak as they thought and when the right time comes, bitcoin price will increase and will break the high price.