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.
For having that decision not to buy on that situation it determine that they have lack of knowledge on certain condition since they are still doubting while bearish situation to happen. Can't also blame them since massive scare scattered at that time that's why that affect there decision making to accumulate some volume when the market is currently in bearish condition.
But once they gain experience since there's no late on everything about bitcoin for sure they would provably join us so I guess we should let those people learn about how to deal with volatile market of bitcoin.
For sure they can develop some good strategy in future and decide either they do DCA or do long term hold so maybe they just need to experience everything then bitcoin investment will go smooth for them in future especially if they are consistent on monitoring the market.