I partly do not agree with what Tim Draper said. If the price of bitcoin for example reached the top like $25,000-35,000. I will not enter cryptocurrency for sure. All times are not good times. In fact, if you are smart enough you will enter the market not in the peak buy in the bottom of the market.
He is saying that but we must understand his perspective, he is very rich and he can hold any investment for as long as he wants because whatever money that he invests is money that he can afford to lose, but in the case of a small investor putting his live savings at stake when investing in cryptocurrencies what he suggest is a terrible idea and should not be followed by anyone under those circumstances.