I don't want to understand why people are afraid of corrections or especially bear markets.

Everyone prefers to buy their next car or jeans at a discount. And how happy people are when they see a New Year's promotion on their favorite gadget! "Oh, today you can buy it 15% cheaper! You have to buy it."

But stocks and Bitcoin are the only things people want to buy at a big premium, not at a discount. "Oh, the price is up 40%, time to buy."

They want to buy when the price is going up, not down.

Every time history teaches them a hard lesson, and every time they stubbornly keep stepping on the same rake.