Most newbies don’t always have proper knowledge about bitcoin investment before they go into it. When bitcoin price is dropping, there is no way you can stop newbies from panicking, they will definitely be scared, even if you explain to them that they should keep on holding, and bitcoin price is going to bounce back, most of them won’t listen, some of them will end up selling, but with time they will understand how things work. Similar thing happened to me when I started investing in bitcoin, but with time I got to know how things work.
The issue of newbies always being in a rush to invest without having the basic knowldge of Bitcoin seems to happen over and over again because they get into Bitcoin with the mentality of getting rich quick rather than giving trust to what they are buying into. They are curious to see result not curious to learn and what to do to see positive result. What they fail to understand is that, investing in bitcoin is just about putting your money and watching the price on a daily basis, whether it increases or decreases. Its more about understand the fundamentals and principle to what makes it different from other asset worth investing.
Yes, it is certainly true that dips are always good in investment. There are many who invest here without having the slightest knowledge of Bitcoin and want to get rich in a hurry, which can lead to their disappointment and failure. I think if they invest in this valuable asset and their only mindset is to get rich, then I would say that it is not suitable for investment. Because when you invest, you must analyze whether the price is increasing or decreasing, yes, it is certainly true that if you hold it for a long time, then you can achieve success from here. You must wait for dips, if you do not understand and invest in currencies that are not at the top of popularity, then you will be foolish.