I personally think that we're closer to the bottom than the top. Just like any asset class market cycle, I don't see the current bear market lasting forever.
It is almost the end of the ear and we have already seen in last couple of days that market has slowly but started to move upwards. If we can continue with this movement surely we will see the demand to start rising more in coming days and price will zoom quickly.
The market has started recovering actually but we should understand that this market cannot continue going up or down but it must be doing any of this at a particular time. The future of cryptocurrencies market is highly bright and we just need to invest at the right time to be part of that future!
And I think the right time is now and not to wait until the market start moving in an upward direction before one should invest for I think such decision is not rational. There is time for everything as you rightly said we are in one side of the coin now and later it will be the turn of the other side of the coin.