If you want to hold bitcoin for the long term, for example for 4 years, you should buy it during the bearish season. don't believe it now. because the price of bitcoin is currently high because this is still a bullish season, even though there is a correction going on
Everyone wants to buy BTC in the accumulation zone and sell in the distribution zone, but the most difficult thing is to identify the market state. When the price drops, most people are worried that the price will continue to drop further, so they dare not buy. And when the price rises, we expect the price to continue to rise sharply, so we are not in a hurry to sell.
Currently, BTC has recovered and created a new ATH, however, many people are still worried that BTC will continue to fall to the $5x or $3x zone, so they will wait to buy BTC in this price zone. However, if investors still believe that BTC can reach $150K-170K in this cycle, they may be willing to start allocating capital to BTC instead of waiting for a lower price. Whether BTC is expensive or cheap does not depend on the BTC price, but on the risk-to-reward ratio of the BTC investment at that time.