Bitcoin's rise and fall is a natural inequality, these will always be with Bitcoin. But those who know Bitcoin from the past, where Bitcoin has made ATH from 1K to over 108K. Bitcoin has shown countless times in history that Bitcoin never stops after a dump. Bitcoin will dump, and pump again stronger, this is the principle of Bitcoin.
So there is no reason to ever panic when seeing Bitcoin's dump, because we know very well that Bitcoin will definitely recover, then we should not panic and buy more Bitcoin at a low price. But those who do not understand this, they should research the history of Bitcoin, because by researching history, they will understand the nature of Bitcoin very well, so they will also understand that Bitcoin's dump is a normal thing, and it will turn into a strong pump at any time.
Brother, it is not right to rely on history to guarantee the future. Bitcoin has indeed recovered many times but that was at a time when the market was new and investors were very interested. Now the situation has changed a lot. Regulations, market situation, economic crisis, all of them are not as simple as before.
Those problems have been there since the beginning and nothing will change it because we are in a centralized world. One thing that you should know is that bitcoin is still in her early stage and remains volatile which will always make the price to bounce back after a dip. Bitcoin will continue making new ATH overtime due to the halving event that comes before the bull run. So are you saying that bitcoin price will not bounce back due to the reasons that you stated above. You don't understand the power law of bitcoin.
And many have lost by following this formula of buying only when it is dumped, because not everyone sees the pump they want to see or they cannot hold it. It is important to know history but not to follow it blindly. Risk management, proper strategy and understanding market conditions are more important now.
As long as you are a long-term investor, using only your discretionary income to buy bitcoin with DCA regularly to keep your bitcoin investment ongoing for 4-10 years and above without selling will enable you build a good portfolio in future. Having back up funds set up during investing i.e emergency funds of at least three months of your income to take care of real emergencies when they occur and having reserve funds will do you a big favor, so that you don't sell your bitcoin at loss when it's not of your will.