This is very likely how it will play out as this bull market matures:
They didn't buy at $3k because "it will go to $1k".
They aren't buying at $5k because "it's a bull trap".
They won't buy at $10k because "waiting for the dip".
They won't buy at $20k because "it's too expensive".
They will buy at $100k because "it's going to $1M".
Facepalm.
(Source: https://en.wikipedia.org/wiki/Facepalm )
That is very much how the average retail trader acts, even if they don't think they do.
History has proven otherwise.
We will see...
I am waiting for the next dip, hope I don't miss out and become one of these guys!
🤪🤓🤪