*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 -
Not just for newbie. I knew someone who has been engaging into crypto not financially but just for discussions and speculations. But he's afraid of putting his money even to Btc.
He keeps missing the dip, coz everytime the market is experiencing a massive bearish run he automatically thought Bitcoin is dead.
So, you see. Bitcoin and crypto is not for everyone. Not all those who personally knew Bitcoin have invested and find a good opportunity during the dip. Not everyone who missed the dip is a newbie as well.