Buying bitcoin on a bull run can be a mistake, because there is a fairly high probability that in the subsequent bear market the price will be lower than the one at which you will buy now.
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Yep, that's absolutely right We all should need to reflect deeply that Buying Bitcoin in the peak of a bull run is just a dumpster act. Because it can cause you to lose due to the market cycle. I mean, for example if a person buys on the spot and the market sentiment changes and teleports into the bears track. So it is entirely possible that you will lose instead of profit.
Therefore, there is a fixed time for buying, it is not a good touch to buy all the time. You may lose or have to wait for a long time until the bull run comes again.
In fact, those who want to invest in Bitcoin for short-term holding purposes only need to research the market price at the time of investment, because the market is already very valuable. And if a short-term holder invests when the market price is at its peak, there may be dumping later, and there is a possibility of his loss.
But for those who invest regularly by following the long-term holding and DCA method, such market fluctuations are not important, because whether the market price is low or high, they invest regularly, resulting in a long-term average value, due to which they do not panic about such fluctuations, and as a result of long-term holding, they can gain a lot of money.
The most important thing is long-term holding, because in the short term the market cycle can go in any direction at any time, but in the long term they continue to be valuable.
For people think about short term its so risky for them to buy at current situation since provably the current movement of the market might confuse them and any possible correction might destroy their plan which could lead to lose their money. Waiting for dip maybe their option and this will be a long waiting time for them.
But if they are for long term and want to do DCA I guess price is not a big issue here. They can actually buy now and start to increase their portfolio. Any unnecessary things happen in the market is provably not their main concern, since usually the target years for people who's into this kind of investment usually choose to hold for 4 - 10 years timeline. I prefer to choose this kind of set up since it gives people low risk and there's huge chance for them to get away on huge stress brought by market fuds also =volatility.