If Bitcoin is for investment purposes therefore Bitcoin is needed. For whatever Bitcoin is to be used like in savings, mode of payment, trading or investment Bitcoin is needed. And ofcourse why many people are holding bitcoin is to earn profit from it, so bitcoin is needed especialy by many investors. And I think if you know the timing of when to invest and when to sell it you will not lose from it.
Yes perfect timing is really in need for us not to lose so much nor missed the pump period and end to sell it lower than the amount that we bought it, so I suggest that we should wait for the perfect time maybe not now since the bitcoin price is high, wait for some dump then buy it. since we consider bitcoin as investment, then wait for the good time