The last few days were the best example in a long time that time in the market beats timing the market. The volatility was relatively significant, I am saying relatively because bitcoiners who have been around for a while know a different game than no coiners. That is why the emotional aspect still comes into play here. I am used to bitcoin going down 10% in an hour or getting flash dumped or flash pumped. The day had come when I thought it doesn't matter whether I wait or not. Unless there is some profound analysis I can come up with based on my own research, but in reality there are countless of people having that informational advantage and exploiting it before I myself am getting close to cracking the intellectual nut...
I bet that some people thought it makes sense to wait when we quickly went below 80k and they thought it would go to 70k, then 60k, then 50k. This is how the brain mostly works for them. But if you have been around, bitcoin is as erratic as Trump I guess!
(in the short term...), but with way more reasonable upside potential, hehe. Bitcoin could go back to even 50k~60k which is how crazy the market could get interm of volatility but it happened before doesn't mean it will happen again [ that's why people that wait to buy could be very wrong in their decision making, even though they could be lucky with historyrepeatingitself so they call it beign smart which i don't agree ...but normally someone with enough accumulation could actually buy dips by waiting for some specificrange of buying points but don't get me wrong it's buying of dip which is totally different form someone waiting for the lowest bottom to buy, not for someone just starting out though] yet we are hoping the market to play according to history..
Hence, I don't see any emotion somehow, I see gamblers trying to make quick profit so when they can't get it quick they get frustrated and pull out even in loss , losing even out of what they've tried to gambling... newbies can also get trapped especially when they are being greedy.