Knowing that investing in bitcoin is a long time investment, you should plan better and keep aside the money for investment as this will help you avoid anything that will alter your reasoning because as an investor you must be psychologically stable.
although the term HODLing tend to suggest that you have to hold it for a little while, investing in bitcoin isn't all that a long term investment as you suggest because the volatile nature of Bitcoin depict that you could have a reasonable returns even after a few month of investment unlike other asset like land that after buying, you have to wait for as long as five yeas upward before the value of the land will appreciate. We've seen the price of bitcoin rise to $42k this January and then dropped back to around $39k this same January so buying it now and after a week or two the price goes back to the $42k, if you sell it at that price, you've made your profit within the shortest possible time.
You are probably not in tune with our discussion here. We are not discussing short term investment which is what you are referring to. Like the caption says, our target is to buy and HODL for long. If you are looking to buy low and sell high within a short time, then you are definitely in the wrong thread. To correct your impression that Bitcoin investment is not all that long term, we know there are people that invest for various purposes but to maximize the opportunities that Bitcoin offers, we suggest and encourage long term investment. The advantages of long time investment are huge and can never be compared to short term investment that have all the attributes of trading.
Also, timing the bitcoin market earlier will give you an edge over the market as the higher chance of profitable investment will be there instead of investing late.
i guess what you are trying to say is that investing earlier will give you a better advantage over those waiting for the price of bitcoin to drop to as low as $37k before investing as anytime from now, the market will experience a bull that will make people without a single holding to regret their inactions and indecisive nature. This is actually true because this is actually the beat time to invest because you are certain that you wouldn't experience any loss from buying at this current price.
If I got him correctly, he was saying that it will be difficult to get the real bottom, I mean the exact point the price will reverse so it will be better to consider buying when you see reasonable retracement and not wait for the perfect bottom. When price is correcting, you will agree that it is not always easy knowing the exact point it will turn or how long the correction will take. So it is better to consider buying as soon as reasonable discount have been offered by the market. This way you will not miss out on the major move because of waiting for the perfect bottom. For instance, when the post ETF retracement started, you will never know that price will go as low as $37k and even if you wanted and expected the price lower, there are chances you will not get into the market by now and price has already reversed and looking ready to go higher. This is a case of you missing out on the market because of waiting for the perfect bottom which cannot easily be known.