Personally, I disagree with that statement, and I believe when you look at it from my prism you will also agree with me.
Take a look at this scenario and judge for yourself.
Mr March is a newbie in cryptosphere and he has $2000 he would want to invest in Cryptocurrency.
He also plan using the $2000 to sort out some financial needs in a months time.
After going through his friends suggestion regarding the coin he should invest on.....he went for April coin.
On checking the market price of April coin, it was discovered that the price is at it's all time high.
The coin was $3 before but $10 now.
Considering he only want to do a month investment.
Will it then be wise to ask him to buy the coin at the present price or wait for the price to fall ?
Do you still believe that all time is good for investment?
Thank you.
Everybody makes this statement only if the coin of investment is bitcoin. The reason behind it is that we, the bitcoiners, believe in it's technology and invest in it.
We believe that the investment will return us good profits because the technology behind bitcoin will last for a long time and hence bitcoin will stay for a long run.
This is the psychology behind the statement.