I don't have much knowledge about Bitcoin, I just have basic idea of Bitcoin. And I haven't started bitcoin investment yet, but I have plans to invest in bitcoin in the future, and I will hold my investment for a long time. With the rate at which Bitcoin has risen today, it seems like I missed a good opportunity. If I had started investing 1 week earlier, I would have already made a good amount of profit. However now the price of Bitcoin is very high, so I am waiting for a dumping, when I get a good dumping I will start investing.
If you plan to be a long-term investor, there is no need for you to be waiting for no reason. You are already late to bitcoin and you don't see that as a problem which is why you think that the price is too expensive. How long do you want to keep waiting for two years or a year, because I don't see bitcoin price reaching the price that you are expecting this circle again because bull run is all about bitcoin price going up. Do you know when the next bear market will come, people are busy acquiring more bitcoin every week and month even with this price.
I would like to say just correct that he is still not late but that's ofcourse if only he understands what the future holds with Bitcoin which ofcourse he has no idea at all. Bitcoin for me at this stage is still not late although many people who are scared will think that the price has gotten too high for them to buy which is probably what many other people like him did when the price went up all the other previous bull run when a new ATH was attained, I believe those same set of persons who still taught that 100k was an impossible feat would be dead suprised by now and also being regretful of not actually buying when they had the opportunity.
If I were you I would just stop thinking about anything and follow the advice given below and set a buying consistency strategy for a long period because that's the only was positivity can come to your investment and most importantly just hold this principle that no matter the weather the price of Bitcoin is always moving forward @historical facts.