Even if any of us might be prepared for extreme situations, then we still might not be completely ready for how extreme it ends up getting.. so it could be the case that we don't disagree on this point... and sometimes diversification is merely having both cash and bitcoin rather than just bitcoin, but still if the cash runs out because you keep buying and the BTC price keeps dipping, then maybe the only thing that is left is just to wait every two weeks to figure out whether to buy and then in those situations, there might still not be comfort buying, but instead just letting the cash reserves to build up..
When we proffered for the extreme,no need to worry on the results.We need to wait till the market react for the investment.When the market is the bear one,the process of buying should be continue till the one complete btc is reached.The saving of one bitcoin before the 2017 was quite easier because of high payment of bitcoin because of less value of bitcoin through the signature campaign.The people who had saved their campaign payment 2017 or before will have bitcoin more then the complete value of 1 Bitcoin.The continues buying using the bear will also result to the maximum savings of the traders.
Everyone is going to have some slightly different ways to attempt to prepare for these kinds of matters, and some will make greater mistakes than others, and not everyone will learn from their mistakes, so it surely can be difficult to describe any kinds of exact blanket solutions, except for people to attempt ot make sure that they study their own finances and their own psychology in order to best coordinate what they are doing with those financial and psychological factors which include at least attempting to consider your cashflow, how much bitcoin you have already accumulated, your other investments (including cash reserves), your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.
The big blunder done by the old users will be cash out to their fiat at the needed situation.During 2016-2017 period,the bitcoin was hacked from the many wallet.People who had their bitcoin in the cold storage had secured a lot.Some of the crypto wallet was hacked and my friend 9 bitcoin was stolen.He get that bitcoin as their birthday gift from his uncle.Even now the elder people of crypto should gift their young people with some bitcoin and allow their to convert to fiat.So that the young people had their first experience with the bitcoin.It allow them to trust the bitcoin and start to use of bitcoin as their investment tool.