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[Asiska02]

This serves as an example of what is actually taking place in the bitcoin market. I still clearly recall how many people I know were extremely disappointed that they hadn't purchased any bitcoin when it reached a high of $69K. However, now is the perfect time to do so, even though they believe it will still drop below this level before they do so. Purchasing gradually while the market is currently bearish would only result in greater profits, no matter how small, as opposed to missing the chance to purchase anything at all now.

[Odusko]

Ironically, I wonder why there is always a rush to buy bitcoin when the price is high and low appetite when it is low, not knowing that low price equals more Bitcoin and high price equals a small accumulation of Bitcoin units and that is the mechanism that also works with the piece and volume of Bitcoin holdings.
Buying at a low price is the best entry point, so by doing so you will increase your profit margin and lower your risk level by buying low and selling high at a later stage.

[serjent05]

People are hesitant to buy when the Bitcoin price is crashing because they thought that it will continue to drop into oblivion.  But once Bitcoin surges those who missed the opportunity to buy during the dump get FOMOed buying even when Bitcoin is at its peak.

I wonder how much longer it will take for people to realize that low prices are a CHANCE to buy, not some kind of disappointment.

I suspect there are many reasons that accompany people not to buy cheap in 2022 so it may not always be about fear. It was the economy and inflation that forced me to adjust spending and investment, so to be honest a lot of people would probably think the same as me even though they actually bought less than they wanted to buy.

True the availability of funds for present and future plan is one of the reason why some people are not buying during this bear market but for those who have funds still avoid to buy Bitcoin because they think they are catching a falling knife.  Little that they know that they regret skipping this bear market because Bitcoin is bound to greater heights every cycle.

They buy at the top of the market, and then they say that bitcoin is a pyramid scheme and a scam.

This show the lack of knowledge of a person saying this stuff.  If they are knowledgeable about the Bitcoin market, they will not buy on top but instead, wait for the market to correct or at a bear market trend.  If they say that Bitcoin is a pyramid scheme then we can label all things a pyramid scheme since Bitcoin is traded in an open market just like any commodities and assets.

[fullhdpixel]

I wonder how much longer it will take for people to realize that low prices are a CHANCE to buy, not some kind of disappointment. Instead of taking this chance, they are burying bitcoin. Instead of taking profits or enjoying an increase in the value of their assets, they start buying. They buy at the top of the market, and then they say that bitcoin is a pyramid scheme and a scam. Now I am talking to some people IRL, who are also interested in cryptocurrencies.

I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.

There must be changes. I don't think all of those people will keep will never learn on their mistakes and will accept to lose money forever but there's no exact time frame if how long they will realize it because there is no way to tell if when will the bear and the bull will come but they will realize it once they witness this two cycle. If you are surveying people about this and you found out that their answer is wrong, you should try to help them correct it.

I know you might think that they will hate you because that was their money anyway but there must be people that are welcome for any advices and you will be surprised that they will thank you for this.

[$crypto$]

People will remember when the price was high but will forget when the price went down, but when the price drops now they are still hesitant to buy, they are afraid the price will fall again, so I say they are not mentally strong enough to invest in bitcoin.
So there are still many around me buying higher bitcoins and selling at low prices because they panicked for fear of a big loss and eventually sold everything, I've seen some of my relatives who are unable to survive the erratic fluctuations in bitcoin prices.

[yhiaali3]

The title really excited me but when I saw the pictures I knew the point before I read the topic, yes unfortunately this is the case for most people in all bitcoin cycles, when prices are cheap, people are very hesitant to buy and start to get bored and doubt whether bitcoin will rise? But when prices suddenly rise, they start the race to buy at exorbitant prices after they have missed the cheap price train. They regret every time but unfortunately they don't learn.

[Warkop]

People will remember when the price was high but will forget when the price went down, but when the price drops now they are still hesitant to buy, they are afraid the price will fall again, so I say they are not mentally strong enough to invest in bitcoin.

I once thought about this, if I buy bitcoin then my instincts have thoughts, maybe this is what you mean, if this goes down again then I will suffer losses, but as time goes by, I just understand that this is the Bitcoin trading system, if I have thinking like that continuously then it will make me panic, so I decided to learn to sharpen my mental, in recent times to buy at a price that is really the lowest, if the price continues to decline then it's my decision to trade in Cryptocurrencies. .

[buwaytress]

I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.

Never heard that version, though of course I don't usually ask that specific question (I never initiate, but when it does get to my turn, I do ask something along the lines of "what's your take?".

The most common answers?
- Too expensive, I'm trying ABCshitcoin instead it's still XYZ cents.
- Nah, it already went up to ATHa, no way it's recovering.

[lizarder]

Years pass, cycles pass, but nothing changes.

The only thing that changes is the correction process, even though the same cycle occurs over and over again, the uniqueness of bitcoin lies in this kind of cycle.

I wonder how much longer it will take for people to realize that low prices are a CHANCE to buy, not some kind of disappointment. Instead of taking this chance, they are burying bitcoin. Instead of taking profits or enjoying an increase in the value of their assets, they start buying. They buy at the top of the market, and then they say that bitcoin is a pyramid scheme and a scam. Now I am talking to some people IRL, who are also interested in cryptocurrencies

There is a kind of skepticism when people buy bitcoins at high prices, that's normal and happens often, because most people don't know what a cycle is, even though bitcoins can be bought in the market at any price.
But when people make the wrong buying strategy, it will happen and will be labeled "Bitcoin is a pyramid scheme and a scam". The fault lies in determining the strategy and entering the market at the wrong time.

I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.

Recovery in this case is still quite speculative, whether the person intends to buy bitcoin at $60k, $50k, $40k and or at what price.
Fortunately until now I personally have bitcoin, although not too much and still making purchases gradually. For me bitcoins are too much fun to keep slowly accumulating.

[imamusma]

True the availability of funds for present and future plan is one of the reason why some people are not buying during this bear market but for those who have funds still avoid to buy Bitcoin because they think they are catching a falling knife.  Little that they know that they regret skipping this bear market because Bitcoin is bound to greater heights every cycle.

We are not talking about one or two people as this should be of a general nature which is mostly affected by inflation. I absolutely don't want to avoid buying at low prices if I have good financial conditions, for personal reasons it's because I believe bitcoin's good in future based on its history. Bitcoin as an investment and trading asset, bitcoin is also good as a store of value asset.

There are lot of people have to buy and are even buying bitcoin right now for less than $20K in the last few months, but I don't think they need to announce it. It would be good to remain silent for any asset we currently have regardless of how much it is worth.

[xSkylarx]

People will remember when the price was high but will forget when the price went down, but when the price drops now they are still hesitant to buy, they are afraid the price will fall again, so I say they are not mentally strong enough to invest in bitcoin.
So there are still many around me buying higher bitcoins and selling at low prices because they panicked for fear of a big loss and eventually sold everything, I've seen some of my relatives who are unable to survive the erratic fluctuations in bitcoin prices.

It is like they will first notice your mistakes than your good deeds. This is really the issue, since before they were mostly buying at the peak and selling it when it was dropping, and they would say Bitcoin was a scam. That people who don't trust bitcoin or don't know it well will panic sell it if the price drops. The only solution is to learn more by reading or learning from experience (though this is really hard, it's because you will lose money on it).

[jokers10]

During the bear market, there are still a lot of doubts because they are afraid that when they buy the price will go down
...

Classical FOMO, expecting better conditions and waiting for them. But in fact it is impossible that all can buy at the bottom and to sell at the top. So IMO it is better to consider if it is a good price for you at the moment or not and to act basing on that reflections. And not to worry about conditions were not optimal.

[taufik123]

-snip-
The only solution is to learn more by reading or learning from experience (though this is really hard, it's because you will lose money on it).

People will say, "learn from experience" but they also don't realize that other people have had that experience first. Studying the experiences of others will prevent the same from happening. Although this looks naive but we need to do it.
Ordinary people forget about how to put the right mindset about buying bitcoin. Not just buying, but also understanding what they are buying.

When all the hype comes up and bitcoin is at a high price they will realize they have to buy bitcoins, but they are not ready when bitcoin starts to fall. psychologically they will be disturbed and more inclined to sell it hoping to continue going down.

[The Cryptovator]

It's true people don't want to buy Bitcoin when it's cheap and increase buy pressure when starting a bull run. It's this circle repeat always as we have seen. There is a reason why people don't want to jump when Bitcoin is cheap. That's nothing else except panic. When the market becomes too red and increases sell pressure, people become panic and dare to buy it. They think Bitcoin would dump more and more. So we might lose a lot. But when start green, a FOMO work there and people start buying. You would notice many threads during the Bitcoin bull run that they should buy or not. But they automatically become afraid due to the red market and don't buy on the dip.

[Fivestar4everMVP]

I ask: Have you already bought bitcoin?
Answer: No. I'll wait until he recovers.

Funny enough, i had this experience with a friend of mine today, though not bitcoin but an altcoin i invested in because if its potential, he is a newbie, i helped him to convert our local currency to usdt and got it deposited to an exchange where the coin was listed, hes reason for the deposit was to buy the altcoin in question, after the deposit was successful, he lost interest, said he can not buy the coin because the price is going down, i told him to buy it at that time for it was a good opportunity, he refused and i left him alone, about 2 hours later, the same coin began pumping and in a few hours, did about +23 percent, i reached out to him to inquire if he later bought it, he said no, i mockily asked him if he was ready to buy now that the price is going up( since he could not buy earlier because the price was going down ), he said no, that he cant buy it because the price is going up, that he will wait again for price to come back down.
Coin already more than doubled the price it was when i told him to buy, and i  dont think there is anyway the price will ever come back to the amount it was when i told him to buy.. some people will never learn.

[Frankolala]

This is true and each time people keep falling victims in buying Bitcoin expensively. This is human nature they don't appreciate an asset when it is cheap but they value that same asset when it is expensive and they prefer buying it at an expensive price.

They don't understand the history behind Bitcoin and it's volatile nature. When Bitcoin is in the bear market they become scared that it might end up depreciating till  zero so they become sacred of buying,and those that have invested also get scared of losing their asset by selling their Bitcoin Holdings. The same way when Bitcoin hits the bull market they all see it as a means of investing to become rich without having the proper knowledge of Bitcoin and gets disappointed in its bear market.

[Smartvirus]

The idea that pushes the scenario in OP is the get rich quick idea. It is an idea that has seen so many investors to there downfall because of the stories they might have heard, what is happening on the chats and how they could get in to make the most of it.

Most of them investors forgets its a buy low and sell high principle that guides this business. Suddenly, they get a phobia that when it falls or is low, people seem to believe that it is crashing and not getting to know when the market would be at its dip gives people the idea that it's still going to fall and so they pause on investment. They only want to buy when it's in a bullrun but then, you've lost most of the profit.

[dansus021]

hahaha, that meme is all over the place on Reddit and Twitter  maybe the reason why people not buying when cheap is because lack of money and fear when the market continue to drop and why people buy at higher price because they might think the price will continue to Rose

[Kakmakr]

This is the sad reality of the thinking trend with the majority of people.... they do not want to buy when the prices are low, because they think it is collapsing. The Bitcoin price has bottomed out for many months around $20 000 ...so people should have realized now that it possibly the best time to buy now.

They wait until it has significantly recovered and when the media starts to notice... then suddenly people jump in and buy at a much higher price. (making almost zero profits or even losing some money.. when it drops again) 

[LFC_Bitcoin]

Looks like we may get to buy cheap bitcoin soon after all. The situation with FTX does not look good at all. It has LUNA written all over it. $20,000 is cheap but we might get the chance to buy cheaper in the next week or so, something to keep an eye on.

It’s all a moot point long term though, it won’t matter if you bought at $15,000 or $50,000. We are going to $100,000+ before 2026.