I can compare the time you mentioned with the current time. Bitcoin prices are relatively bearish at present. At this time we can do our best to be aggressive in investing. We will try to buy as much as we can, as this dip gives you enough time to become a strong investor. Feel the extreme need to use bearish markets to become a whale investor. Because this time gives you the opportunity to be aggressive in investing, if you plan to use this moment properly, you can quickly turn your investment into a strong investment. You can plan to keep a reserve fund, which will help you become an aggressive investor.
Currently, almost most investors have changed their plans to be a little more aggressive in buying Bitcoin because previously there were many investors who expected to see Bitcoin drop to the $50K area and that has happened in the past two days.
So for now I think there are many investors who have smiled again after seeing the price of Bitcoin in the range of $57K which has indicated a profit in a short time for those who have been aggressive in buying Bitcoin in the previous price decline.And potentially investors who have dared to buy Bitcoin in that range, of course still have a bigger chance in a longer time because Bitcoin is still quite possible to go back past the price of $70K this year and could even go past the price of $80K next year. But instead of talking about next year, for now there are many investors who have felt the benefits of the price drop in the last two days except for those who did not buy at that time because they had bought at a higher price and did not have reserve funds to take advantage of that condition.
Personally, in as much as anyone can do whatever they like with Bitcoin I usually see those who come in to Bitcoin with the aim of maximizing short term few dollar profits as being indecisive, short sighted, failing and refusing to see the true potentials that Bitcoin holds as the best when viewed on a long term perspective, many who had the opportunity of adopting Bitcoin at it's earliest days are regretting it and the same regret will happen to those that are approaching Bitcoin with short term profit in the future. It is better to be patient with Bitcoin rather than chasing few dollar profits with emotional devastation attached to it.
Well I think people who engage in short term Bitcoin investment are those who were coached by investors who are Bitcoin traders, I have a friend that was educated about Bitcoin by a Bitcoin trader so when he joined Bitcoin investment he started by short term investment and he lost some money at some point because of fear and panic but now his into Long time investment.
The good about a long time Bitcoin investment is the peace of mind that comes with it, I know a lot of Bitcoin traders and short time investors that also panic about everything in Bitcoin and I see the fear in there faces, a lot of people are now realizing that holding for a long time is better of than short time.
One other reason why people go into short time Bitcoin investment is lack of patience without patience one can't hold for a long time and that is why is advised to tell everyone that Bitcoin is different from other online investment in Bitcoin one needs patience.
And this lack of patience has lead a lot of people investing in new coins that later sucked all there finance and caused them depression.
I think if we could reset our mindset and see Bitcoin investment as a long time investment it will do us a lot of good or a life time investment it will help us hold for long without complaining.