I wonder how much longer it will take for people to realize that low prices are a CHANCE to buy, not some kind of disappointment. Instead of taking this chance, they are burying bitcoin.
Of course the "low threshold" on every moment you invest will different. It might be $10k, $100k, $1m, $1 in the future. This is why I stick with DCA and when the price reaches $1m or even more, people will be proud with what they put in Bitcoin.
People in reality just reach for the bottom lowest possible, but they don't know how to stop because the price just almost impossible to reach that point especially with the news if you follow at all.
Instead of taking profits or enjoying an increase in the value of their assets, they start buying. They buy at the top of the market, and then they say that bitcoin is a pyramid scheme and a scam. Now I am talking to some people IRL, who are also interested in cryptocurrencies.
I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.
They lack critical information :laughing_emoji:
This is when they just blindly following the number instead of just put a little effort to do some research first. Trend will change.