Some people see that their friends have bought 0.5 bitcoin, and they also want to buy that same amount of bitcoin without even realizing that their friends are earning more than them and also have fewer responsibilities than them.
There should be no competition in investment as far as investment is concerned. Anyone having a competitive mind will have their self to be blamed because they are investing in what they can't afford to lose with their friend who is financially capable of withstanding whatever their investment turns out to be tomorrow.
It is unpalatable that some people want to be rich through crypto overnight and they are not checking their financial strength to invest in bitcoin for the long term without selling it out of profits when emergency needs come their way.
There are speculations that we might get to $35k to $30k, but It is just a speculations which I don't really care much about. There will always be speculations in the market, which will make some paper hands sell off their Bitcoin they bought around the high of the current run that got to $45k. But someone who has been around for so long will understand that this is a perfect time to acquire more. Most newbies are most likely to empty their bags with the hope that when we get to $35k or $30k they will buy which I don't even see happening. But for me I will act according to the name of the group. Buy the dip and hodl!!
The worst thing that can happen to any crypto investor is to follow or believe whatever speculation price he or she hears about bitcoin price without trying to start up a DCA strategy on how to invest in Bitcoin in his or her way without letting anyone speculate what will be the price of bitcoin in months or years to come.