a lot of people says if it drops i will buy but they buy when even deaf grappa heard about btc and sell it in when price drops like hell.
when we see -$200 as bottom at 2015 it showed us what can happen in cryptoworld after +$1000, what is happening now is nearly similar, you told them and they said if it drops i will buy but ask again they havent bought they ll wait it to rise 30k to buy
not bitcoiner but tryin...
there are people who are buying now, if not then who do the sellers sell to?
but you know what you are right, more people will buy BTC during a bull run rather than in a bear one. it is plain simple.
what if i told you that I will not buy bitcoin now but i will buy it above 6k? you will think i am stupid! but hear me out
from a TA point of view, the 6k was the strongest support bitcoin has ever seen, held the price throughout 2018 until last month, it was a bull zone, it was much safer to buy above 6k than buying now. that's the ABC of trading, and the reason why as soon as btc fell below 6k, most people sold it, and price collapsed nearly 45% so far. why would i buy it now when it can do another 40% or 50% easily ?
it is either i buy it for dirt cheap like those who bought it in 2016, for less than 1000$, or wait for the trend to change and join the bulls. to make money you need to JOIN THE TREND, NOT FIGHT IT. buying now is fighting against the trend, if you win, you win BIG , but the odds are against you.
again, do whatever you feel like doing. and good luck