It's true that buying low and selling high is the best strategy, but few people do it. Where is the bottom? No one can know. The unpredictability of the crypto market is a fact, and the current trend may still fall. Prepare to buy with a small amount of money first, believing that the potential of Bitcoin will be profitable in the future.
Buy low and sell high is the common strategy, all people use this strategy. I disagree that a few people use this strategy, most people actually use this strategy since it is a basic strategy.
Regarding the bottom price, surely it is impossible to predict it accurately. But we can analyze the chart patterns and the price history, this is what we can do to guess the price. Considering the previous bearish season in 2018, I think this time is the bottom of the current bearish season. People panic because of the issue of FTX, it is because this something rarely happens. Once this issue is over, I assume we will have a positive trend again in the crypto market.
Right, buying low and selling high is a common strategy that every traders wanted to achieved, though it's not really that easy especially you are executing this strategy inside a volatile type of industry, you can assume that the value already in dip but the reality is it can go lower and with buying low and selling high patterns you won't be able to execute if the situation is like that, you need to realized that the market always have a surprise.
If you don't know how to handle the market volatility, then it will be hard to execute this kind of strategy.
You need to work more with your knowledge before using any strategy that you think is fit with your kind of mentality.