I will grant that we might not have realized that the last 16 months had been a bull market until either mid-2023 or maybe it did not sink in with enough evidence until around October 2023... but the fact of the matter is that any investment strategies that you had been employing in bitcoin in the last 16 months had not been during a bear market.
Investing for 16 months is not really wise for me. Because here it is possible to make profit only by planning and investing for 16 months, it may not be correct, many times I think some part should be invested regularly. It should be planned to invest for a period of at least 3 to 5 years so that no matter what stage the market goes through, the investment will continue and the profit will always increase.
By the way, another thing that I frequently mention is that anyone who considers himself as an investor in BTC and buys new BTC should have a plan to invest 4-10 years or longer for any new purchases that he makes, otherwise from my point of view, he would be considered a speculator rather than an investor on those new purchases if he is not able to consider an investment timeline of at least 4 years.
You are actually right on this sir, I have not been into this crypto space for too long, but have done a lot of research and findings and what I have observed and take notice of is people that bought Bitcoin with the intention of holding it for a very long time like 4 years upward as you mentioned, are people that benefited the most from their investment, because I have seen that Bitcoin investment is more beneficial to a long term holder, than a short term holder, and during the cause of that lengthy years, the accumulation of that person will be much more impressive if he or she keeps to his accumulating strategy during that time, and he will sure reap bountifully when the perfect time comes that he wish to take some profit.