This is human nature for people to rush in to buy an asset when the price is rising, when it involves investment on an asset that increase or decrease in price. It takes mind to do the opposite when Pricisly talking about buying Bitcoin and only fews understands and buys BTC when the price drops.
This was the kind of mindset that I had before but this forum has really done a lot in changing my perspective on that.
Yes, that's right, sometimes we need experience to make us realize that what we are doing is wrong, especially in bitcoin. When bitcoin reaches ATH, people flock to make purchases even though that is actually the time to make a profit. But when bitcoin reaches its lowest price, people are reluctant to buy on the pretext of waiting until the price is really at its lowest point.
An inverted mindset that will plunge us into a loss hole. Indeed, as long as our money is in the form of bitcoins, it cannot be said to be completely a loss, but we need a longer time to wait for the market to recover.