Ha! I've been around long enough to have seen this over and over in various markets (had a close friend lose about $900k of his own money on Black Monday in '87), and was thinking the same thing two days ago, when are we going to see a dead cat bounce. During the "crash", kept wondering how many people would get suckered in to buying the dip right away. We may be a way from the bottom, and there is so much uncertainty with Bitcoin (short-term) right now, it certainly is a reasonable strategy to sit on the sidelines and wait a bit.