Both. buying decision during Q1 of 2022, was bad. cause market got down and still under bear attack. Although nobody knew that market can dump but buying crypto with that high price like $50-60k was bad idea. There's a Policy that, never buy crypto when that already pump too much and market will dump after pump! Whatever now Q4 of 2022, giving opportunity. Who brought crypto with their ath, can buy crypto and Average the loss. Thus loss will be covered but don't know how long need to wait.
For short term and high temper type of investor, buying at such peak will let them lose their invested money.
Though there are investors who understand the risk and they are capable of working with that kind of market movement, they are
flexible and they know when to cut their losses in case they are no longer seeing any possible bounce, willing to move forward
and look for other opportunities.