So for me, this is a time to hodl and not invest further. If I hadn't already invested as much as I really want to, I might be playing the edge and seeing if I can get some bargains right now, even if I get a better bargain tomorrow, better still next week, and so on.
Yeah, I agree with you. If one is fully invested, then its best to wait and get the timing right. Wait for the confirmation of the bottom to set in and then buy. I waited all this while and wasn't going to invest if bitcoin was on its way up. I missed the previous falls so for me this is an opportunity to average again, only at lower prices. I am buying the dips but again, not going all in, as for me its difficult to take a call. but i do think, if btc falls to 5k, its worth taking a shot. but again, the strategy is very personal here. to each their own.
So many times I think the market has been shocked by something, only to find out that most people didn't even know yet.
Agree on the bit that right now markets look crazy, there is high likelihood that btc will test the 5800 odd level again. and then most people are confident that its headed even lower. So best to get it right, and that's a perfectly sound strategy. i haven't seen people who aren't aware of these sharp falls. everyone i know, checks the market like their facebook account - very frequently. If you meant the news, then yeah maybe don't get to find the reasons at the right time.