. Yes, it is right if he understands that the market will dip very soon and there is a possibility of dumping the market very soon. In that case, he can be patient for some time, when you understand that the market will start rising again, then you can start buying bitcoin.
This is a terrible advice especially to a newbie that has low or no stash of bitcoin, don't you know that by waiting, you may miss a whole lot of buying opportunity thinking that the price might go deeper?
Just buy if your discretionary income is available, that's the best way to invest and accumulate a very huge stash of bitcoin for the future.
Yes, it is right if you have a proper understanding of the market and a proper understanding of technical analysis and fundamental analysis and if you have the ability to examine the market properly, then you can take a decision by examining the market properly. I don't think investing in bitcoin will be risky for you, I think it is the best currency for you for a long-term investment which is very easy and you can continue to invest without risk.
This is not the best way to invest in bitcoin, knowledge in technical and fundamental analysis are for traders not investors like us, trying to outsmart the market is the easiest way to lose money, just ask a few traders, they will tell you, if they will ever admit to it