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But for those who invest with a long term view, they always have nothing to bother about in times like this, because they will mostly consider it very temporary and have little to almost no effect on their portfolio, but the short term guys are the once who will have a lot to bother about this kind of deep. So yeah CZ was and is right.
Those who already have a long-term strategy are usually already buying at low prices before and they are doing DCA, so they will not be affected by a decline like this.
Before the main target is reached, they will continue to buy so that the decline after the ATH will be an opportunity to see where the lowest support point will be reached so that the buyback will be maximized.
And those who make short-term trades will indeed be affected and more of them panic because of the decline happening,
especially for those who buy at the price of ATH, it will really disturb their psychology.
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Absolutely , Long-term investors always play the patience game they understand that dips are just part of the process, not the end of it. DCA and a solid strategy give them peace of mind when the market shakes.
But yeah, it’s the short-term traders, especially those who buy in at the peak, who really feel the pressure. Emotions tend to take over when there’s no clear plan or long-term vision behind the moves. CZ really hit the nail on the head with his perspective
In the end, it all comes down to mindset — long-term thinker see dips as chances not setback.