IMO - Due to the current inflation and downturn of the economy, a lot of of folk don’t have disposable income, which in a lot of cases is “wanna be” traders, who majority of the time loose majority of there investment anyways.
People are tightening there belts and becoming more cautious with there money. I know a lot of folk personally who are ordering less takeaways, going out to nightclubs and restaurants less and less due to watching there money.
I think this will have impact that there will be less money in the block chain economy and less demand, which will have a knock on effect and prices come down.
I do believe when they come down and you have disposable income it is a very good opportunity to invest but you must be aware that this investment is going to something you have to hold on for at least 5 years at least.
I will be entering market when it hits 8k and leaving that investment untouched for 5 years.