Some people said a period of time will shock people when the price of bitcoin will no more rise using the 4 years cycle. Some even said that bitcoin market is matured already that this bull run trends may not become possible by 2024. But the good news is, you should still believe in bitcoin, it will not disappoint you in the next cycle.
I am a person who believes that Bitcoin's 4 year cycle is no longer used to fix the price. Now people who decide to buy Bitcoin will be very dependent on news and policy only instead of the cycle. That's what causes prices to swing faster or slower than expected.
I agree, 4 years cycle used to be the profit equation, it was easy for holders to multiply their BTC just by holding that amount of time. But that recipe is not longer working. And those who buy at the ATH maybe will have to wait more than 5 years to recover their loss.
I don't think is the time to hold, i think right now is time to buy because bitcoin at $16,000 is a really good price and not sure for how long it will be that low. So, this is an opportunity for those who have the right vision.