Buy when everybody is pessimistic.
We might not be there yet but it's close.
How can we be close to pessimistic? Bitcoin was $100 a year ago. True despair-pessimism is a long WAY DOWN.
We've been through so many of these rally/corrections that we've learned to front-run the cycle, so it won't go that far down. It always seems different this time but in hindsight it's not.
or... the people who are front-running the "cycle" (which is an imaginary thing actually) are the only reason the price is as high as it is now, and this is just a dead cat bounce before it goes down again.