While choosing Bitcoin over altcoins demonstrates a risk-averse strategy, it's crucial to recognize that entry timing significantly impacts investment outcomes. Purchasing any asset at its all-time high inherently carries greater risk, as future upward price movement is not guaranteed.

Market corrections are an inevitable reality within the financial world, including the cryptocurrency market. While predicting the exact timing of such corrections is impossible, preparing for them mentally and financially is essential. Panic selling during price dips often leads to suboptimal outcomes, and maintaining a long-term perspective is crucial for weathering market volatility.

Therefore, a strategic approach to investing in Bitcoin or any other cryptocurrency is paramount. This involves thorough research, understanding of the underlying technology and market dynamics, and a risk tolerance assessment. Employing a dollar-cost averaging strategy can help mitigate the risks associated with market fluctuations by spreading investments over time.