New all time low is the best buying opportunity obviously, and we have seen it around $15,xxx. So for sure there could be smart investors who buy a lot of bitcoin and hold. But for newbies, I think it's a different case, they are fearful, and when they said that they are going to bu below $20k, hmm, they might not be buying after all because again, they are afraid of what is going on the market.
Fear is the same as their knowledge and experience is still lacking, meaning they need to study the market and how it works specifically about how the bitcoin price has always led the crypto market to date. $15K may not be the low this time especially if this bear market holds, there may be another low but it probably won't happen again either. We are always in two possibilities, now ATH has been going on for the last one year and will probably recover soon for the better hope.
Still though, at the current price of $16,xxx, good opportunity and definitely, investors still love to see the price of bitcoin along this line.
I wish I could save more money to invest this time, but of course there will be plenty of possibilities for another low price over the rest of the year.