I was thinking some kind of similar response as you, ivomm, to the evergreen repeated theme concept that we have to have a down before we can go up, and there were a lot of peeps that got screwed out of establishing an adequate bitcoin stash in 2016/early-2017-ish because of such seemingly problematic conceptions.

This time is different?  I am having doubts.

There continue to be so many new peeps that come into the bitcoin space (and of course the scammy overall crypto space), and the old selling points seem to continue to work, even though we can look back and verify that some subtle variation of those same selling points have already been played a few times.

Still seems that the smarter punchline out of this whole old wine in a new flask situation is to just continue to buy BTC and to make sure that each of us has enough BTC for UP, just in case down or more sideways does not happen.

I will definitely concede that none of us really knows, so each of us just have to do what we believe best prepares us on a personal level (without being too smart for our own good), and hope that we do not get our bets too wrong that we are not able to profit from what seem to be ongoingly pretty decent asymmetric odds in favor of king daddy.