@Solomon and
@jaygreenb
Honestly, those that buy in after the market has tanked are those that do well if they can hold for at least a couple years and just let it sit. Assuming they weren't buying some absolute trash, just about any and everything will pump hard during a bull market.
The thing is, the vast majority of retail investors have literally no clue what they are doing AND also tend to buy in at the worst time periods.
I'll use the last couple cycles as an example.
In late 2017 was when BTC/crypto was starting to get a lot of media attention, prior to this it was mostly unheard of by the general public. A lot of people were probably buying in towards the end of that year or perhaps in the early months of 2018. They literally could have been buying BTC when it was between 14-20k for instance, for alts it would have been even crazier. By the summer of 2018 BTC had tanked below 6k and ultimately to 3k by the end of the year. I guarantee the overwhelming majority of retail investors in this scenario would have capitulated at some point at a loss and probably completely wrote off the market. Imagine if they had bought some speculative alt coin, it would have been even crazier lol.
We saw the same thing in late 2020/early 2021. When BTC first hit 20k towards the end of 2020 it started getting a ton of attention on the mainstream media. Within a couple months of 2021 it was trading at 40k and by late April/early May the market had gone wild. Vast majority of retail investors weren't buying in from late 2018 through the fall of 2020, they didn't enter in until the market was already pumping hard. They were buying BTC at 40k for instance, maybe they saw some profit but held and then ultimately saw the market tank spring of 2022. They very likely would have capitulated when it dropped to 20k that summer and moved on from the market.
