After a crash, why do most people hesitate to buy the dip?

Because 'despair' can cause one to lose rationality.

Every time there is a crash, the market is filled with strong pessimism — voices proclaiming 'the crypto world is over' and 'I will never touch cryptocurrencies again' flood in, and most people are cutting losses and fleeing, with very few daring to go against the trend and buy the dip.

But looking back at the three most famous crashes in the crypto world, what kind of surprises can 'counterintuitive buying' bring?

In September 2017, during the regulatory storm: Bitcoin plummeted to a low of $2,900, and three months later soared to $20,000, a nearly 7-fold increase; Ethereum started at $200 and surged to $1,400 in three months, with altcoins also exploding collectively.

On March 12, 2020, Black Thursday: Bitcoin fell to $3,800, and over a month later returned to 10,000, ending the year close to $30,000; Ethereum hit a bottom of $87 and climbed to $1,000 by the end of the year, with altcoins also experiencing violent rebounds.

On May 19, 2021, the contract massacre: Bitcoin dropped from $65,000 to $30,000, and less than half a year later surged to $70,000; Ethereum briefly touched $1,760, and months later reached $4,870, making buying the dip akin to 'picking up money'.

A crash is not the end of the world, but a 'wealth key' gifted by the market. When most people are ruled by fear and cut losses, those who dare to layout against the trend can seize the dividends of 'being greedy when others are fearful'. When the next crash comes, will you still let emotions control you and miss the opportunity to double your investment?