Having that positive point of views will allow you to keep holding and to keep on shopping while the market still in red, with those for sale assets which you can be bought for much cheaper compared from the last year bull run, if you do believe that the market will bounce back and will bring you good amount of benefits, it's worth the wait right?
Not a financial advice though, but as long as you are doing your DYOR and you are aiming to sort what potential assets are good for long-term hold then waiting time will be fruitful, it's just need another market bull run to bring good results with your investment.
He is pessimistic but I think he isn't quitting. He will still buy coins especially if the dip continues and the new bottom is achieved in the upcoming days, weeks or even months. Sometimes it's better to be realistic, and accept the fact the market is not going to be healthy yet because the situation outside is still difficult. Faking yourself and thinking about the positive thoughts like the bull run, can only disappoint you more if you found out that they didn't come after a long time of waiting.
Bull run isn't the only way here anyway to earn a profit but we can also make use of the fluctuations to sell when the price have increased a little.