Is it that easy? The Nasdaq bubble took roughly 6 years to inflate and 3 years to "pop". The real estate bubble took about 11 years to inflate and 6 years to fully deflate. Even Enron took the better part of a year to fully deflate.
I've told people to buy at $3,800, $5,900, and $14,000 and got shouted down each time. All of these were after major crashes, so of course the price was about to bounce back.
Even if you know when the music hasn't stopped yet, it's very hard to get anyone to listen.
For what is worth, I also thought that ~5500 dip in mid november was a good time as well. I wish I had money in the exchange that weekend because it quickly recovered days afterward.
The recent dip was scarier though and time will tell whether we are still on the rise or just a temporary recovery.
It's easy to see in retrospect that the beginning of bitcoin would've been a good place to throw in some meaningless quantities of cash, but I think once you divide by the number of small, potential investments you could make that wouldn't have made you money, and subtract the amount of time commitment to keep track of those investments, the outcome is less appealing.
(Obviously, some people knew it was about explode, but I'm looking at everything you hear your kid, or a co-worker giving you hot tips about, which was the boat I was in and it sounds like this kid's dad was in).
Good question. Many thought the music had stopped in 2014, when the price crashed from $1200 to less than $200. (Previously in 2011-2012 it crashed from $35 to less than $2, which was pre-ASICs, so you really couldn't mine at a profit)
How would that work? Any coin that is bought is also sold, so you're saying that the buys come from a few people buying big amounts? But all those sellers were buyers at some point...
and how do you know exactly when the music has stopped?