Problem is that those who are new are usually too scared to buy during bear market and during times like these they have a feeling that bitcoin will never recover, or they are even selling with a loss. People who are mainly buying now are those who went through several bear markets and know that this is nothing new.


While current price is not bad at all, there is an alternative to going all in, and that is https://www.investopedia.com/terms/d/dollarcostaveraging.asp (dollar cost average) method, which I personally prefer. That way you don't have to waste your time by trying to time the bottom (which has more to do with luck rather than skill) and instead you just keep buying more bitcoin in regular intervals.