A lot of people do not realize that buying at low price is a lot better, which is confusing to me but way too many people do it anyways. Just try to look at historical figures and you will see that when it goes up a bit, it goes up a lot which means that when people see it go up then there are a lot more buyers, and when you see bear market and the volume you realize that when it's down a lot of people just stay away from the market. That doesn't make sense to me, isn't the purpose here is making money?
It means that shouldn't we care to buy at low and sell at high to make profit? Buying at high and selling higher is still profit and I get that and kudos to anyone who makes money that way but that doesn't mean that we are profiting the most that way.
Would you be interested in onboarding a sinking ship? I don't think so. Since most people see Bitcoin or cryptocurrencies as sinking ships during a bear market, they feel they shouldn't get in because they will have their money sunk with them and they don't know the history, probably, to realize and understand that they also recover after some time and they can then be in profit. Another reason for people not buying when the market is going down is that they believe they can buy them cheaper than the current price since the market is going down.
So the reality is that those people do realize that they buying at a low price is a lot better and they are mostly trying to do that, but when people see a coin going up in price, they think of getting some profit and exiting maybe just like how scalpers do it, or they believe it may keep going up from here and they will miss the boat.