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.
Most investors tend just to watch the correction happen without doing anything so they are often too late to buy bitcoin. And most of them only started buying bitcoin when the bitcoin price started turning green because they thought it would soon rise again. But what often happens is that the price of bitcoin does get a green candle and makes the price go up a little but then the price goes back down.
What's the point op being a spectator on something you are not benefiting from? Bitcoin investment is not a sporting activities where we come to cheer others who are benefiting from it, by making the right call once there is a slight opportunity in price dip. The moment the opportunity presents itself grab it and wait. It is better that way than waiting for your perfect imaginary price to buy. No one has control of the market, and there are opportunities we might not see again. There are those who are still waiting for price to drop to $35k, just imagine how long they have been waiting and how long they will keep waiting. But there was a time when the price was at that region and they were still watching. Instead of being a spectator be a participant. Only active participants gets the results.
Yes I have also said this before that investing is not like trading at all you wait for opportunities and invest when the opportunity rises and sell when the price rises. Bitcoin is now worth $45,000 At this time, those who are waiting for the time when Bitcoin will go to $35,000 do a good research, when the price of Bitcoin was $35,000 they were waiting for the price of Bitcoin to return to $25,000. That is, such investors have been trying to invest for a long time but they are only planning to invest in a market much lower than the current market, that is why they have not been able to invest so far.
I can confidently say that investors who are currently waiting for the Bitcoin market to return to $35,000 will again wait for the market to return to $45,000 when the price of Bitcoin touches $55,000 or $60,000. If they could have invested without thinking so much when the price of Bitcoin was 35000 dollars at that time, but at this time they did not have to wait for the market to go back to 35000 dollars.
The Bitcoin market is now hovering between $40,000 and $45,000. At this time, those who will invest in Bitcoin without thinking too much and keep their investment for a long time will consider their decision as the right decision without regret in the future. If you have an idea about investing, there is nothing to do so much research or wait so much about the market, you have money to invest, invest and keep that investment and if possible keep increasing your investment is the best decision for a new investor.