*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 -
This is why oftentimes, those people who want to invest in bitcoin miss their chance to actually invest. People are somewhat greedy and fearful at the same time. They want to profit but they are scared of losing. At the same time, they want to invest, but they want it to the lowest possible value they expect and predict bitcoin will have. However, the moment it reached and even go beyond their expectations, they become fearful instead of grabbing the opportunity. And when they missed, they will utter many what if's and feel tremendous regret later on.
This is why it's important not to only decide in investing because of the hype. Someone must b knowledgeable before making an investment. Entering in a good price position even if it's not the lowest possible point wiil still give you a profit over time most especially if you intend to invest for the long term.