I have already made that mistake and still regretting my decisions. That's why I can say this confidently that news is just what they choose to let you see or hear. I have learned the lesson from my past mistakes. But the stain is still there.
So it is very important to stay away from FUDs and all the other negative news. Just buy and HODL. That's what I believe now. I was a panic seller LOL.
Investing in Bitcoin is just like saving prudently.
Someone might be serving his money but does not have any particular purposes or budget in the future for having a saving.
But another who is saving to own a house or to buy a car or want to accomplish one other project would surely do the purpose of the saving. There are people that are just buying bitcoin because others are buying. Yet there are others that buy with purpose. Whenever the purpose for which they buy bitcoin is right, they will withdraw their bitcoin of at their time
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Investing in Bitcoin is more profitable than Bank savings system this why most of people prefer holding Btc over crediting theirs money in bank savings system. If we see the history of Btc growth every years than we will see that in just 14 years it did many X. One can get more than 2x easily by just holding for one years while bank and other account holding will give you 10-15%. Most of people using Bitcoin for saving purpose. no doubt some people follow other and buy Btc by just following other but indirectly their purpose are saving and want to make some profit.