*Bitcoin drops 10%* - "I'll wait for it to drop further"
*Bitcoin drops another 10%* - "it's going to drop more"
*Bitcoin drops another 10%* - "I'll finally buy at another 10% drop"
*Bitcoin drops another 10%* - "looks like it's going to drop further"
*Bitcoin drops another 20%* - "I'm not buying. bitcoin is dead"
*Bitcoin reaches the price floor, then rises slowly for months an months* - "I'll wait for the dip"
- repeat after every halving cycle -
That's the mentality of those not serious in their investments , meaning people constantly act like that are those people that never make a good Money inside crypto market .
and talking about dip, mostly people understand this as 30-50% drop in which favors your comment but the word telling that Bitcoin is dead? maybe that is exaggerated part.
I am buying Bitcoin every 10% dropping and selling when there are at least 20% and up increasing .