Experienced people will never buy Bitcoin when the price is rising, they tend to wait for the price to drop and then buy and store it for a certain time to take big profits later. Therefore, in investing in Bitcoin, never FUD and FOMO and must be able to manage emotions so as not to get caught in big losses.
I agree with you, that in the end it all depends on ourselves whether we can use the situation to be able to get profit for a certain time or a long time by buying bitcoin when we think the price is worth buying and holding, so that when it increases, it will be sold to make a profit.
Investing in bitcoin does require patience because sometimes the time does not come immediately to buy or sell it. If you are smart at getting around it, you will a profit in time. If you continue with the existing emotions, losses will occur.
To be able to take advantage of the downturn will indeed depend on one's financial condition and it is very unlikely that those who have enough income for their needs invest their money in Bitcoin because they have to take it immediately when they need it while the asset takes a long time to be able to wait for profits then it is very important to have funds that can be held in the long term when wanting to decide taking advantage of the declining condition.
When a person has a good understanding of how Bitcoin works, it is very likely for them to survive in the long term and also when they have reached the target they want will be able to enjoy the benefits and when someone is emotional in investing, of course they do not understand well how Bitcoin works so they do not know the right time to buy or sell it.