I've heard most of the risks involved with Bitcoin investing already that I already know when to invest, and when not to.

Invest what you can afford to lose. 1-2% of the total portfolio only on Bitcoin. I've heard it all, and I've followed it yes, but that was around 4-5 years ago. Now, I already know what to do when it comes to investing into crypto particularly in Bitcoin. Still, what they're saying is just a precautionary measure to those newbies out there to prevent further losing of money because Bitcoin really is very volatile, but the longer you will be into crypto, you will learn how the market moves, and you can create your own strategy based on that movement. Still a good advice, I guess.

Short term? Yes, because I believe you can still get around 20% of profit once Bitcoin peaks at $120,000 (this is just a prediction of mine).
Long term? No, because I believe it would be better to just wait for the bear market to happen then from there, you can DCA. That would give you a much higher profit than investing now.