If people were afraid to invest then better be safe than sorry. But in life if you always do choose to be safe then i think you would never experience the things that is best in life. Same logic would goes in investing.
Yeah if you are not going to choose to take the risk then you are not going to grow especially in this kind of industry. Investing with bitcoins is going to be one of the good industry that are now rising. So, it is better if you are going to buy today and you are going to wait for the price increase that is going to come for months.
There is a better chance that it might rise than going down. A large possibility that you will profit if you buy now. Same with what they are thinking when it is still at a $200 price.
Good thing for those people who bought bitcoin at a very low price and they are still holding a lot of it today for sure they are still waiting for another price increase.
And yes, even it is going to go down it will just going to happen for few events. But more pump is going to happen after its price fall.
And it is still not too late for those people who want to hold bitcoin and wants to get in once the price is going to increase.
It's good advice only for those who don't need profit in short time or those who believe bitcoin price will raise in future.
But, price never raise if people keep dump their coins after price raised though.
That is the problem with other users. They tend to get excited and cannot control it making them sell even without thinking that it might go up more if all of us will retain it for a while.