People who don't know how bitcoin circulates does not understand the system of cryptocurrency generation and when and what is the appropriate time to invest in the cryptocurrency but the problem is that many people feels that the best time to invest into cryptocurrency is the time when Bitcoin is increasing but not knowing that the deeper the falling of Bitcoin is the best slots and opportunity of who ir someone who is into cryptocurrency will buy and hold for the increase and make profit
Again, easier said than done. I knew some of the people who has been in crypto for like 3-4 years but still afraid of the dip.
They usually buy when Bitcoin is in an upward trend. They said they are just making sure Bitcoin recovers.
That kind of mindset is kinda weak, but I understand their sentiments. They are just not the kind of investors who had a good risk appetite and only had a slight idea what Btc is.
Can't blame them though, they still contribute to cryptospace.
It don't think it could be called a weak mindset. They're very smart, only invest after a strong recovery sign showing the market is indeed back to a bull run. Impatient and bought in the first dip doesn't seem like a good idea to me. You saw how many have said $30k is the lowest for BTC and everyone should buy in the $30k dip? Even right now, BTC is over $20k and not many investors are so sure about this is the dip, the lowest.