During 2019 to 2020, only a handful of people in the forum would post confidently that their expectations for Bitcoin would be to reach six digits. Many of the other users, although maybe they believed or hoped that it could happen, would never let everyone know what they were thinking probably because they didn't want to sound and look stupid.
Let's go further, in mid-2017 the price was around $1000-1500 and who would have thought the bitcoin would pass 20K in the next few months, so that is how an investment works and that is why few people become rich and most of others end up living an average life. Now we have an opportunity to become one among the few with bitcoin and still the choice is ours.
The problem is, many investors are still hesitant to invest until they see the price already soaring high. That's their turning point to engage themselves and join the ride even it's already risky since we know it can go downward unexpectedly. Thus if you are a type of investor waiting for recovery before buying, it's not a mistake since that's your strategy BUT it's not wise because the ideal time to buy is during dip.
Bear season that passed is long enough to accumulate, fill our bags and wait. If you didn't buy during those times because you are afraid to lose your capital or don't have strong belief about the future, then expect that you are still one of those who missed again the opportunity to be a huge gainer in the future. So don't wait for the price to rise before buying.
That's the mistake many investors makes about Bitcoin investment, they won't buy won't buy when there is a price correction. But they will be jumping to buy when they start seeing the green candles or when the price correction might have ended and the price has moved up. The price got to over $45k and went back to $42k, there are some investors who are still out there waiting and confused to buy now or wait more, as they still hoping that there will be more dip. When they wait and the price suddenly jump to $46k or above that's when they will buy. Sometimes I wonder their wisdom or who is advising them.