Inasmuch, I would agree with your wordings that every time is the best time to invest in Bitcoin; what will you now say about investing during the bear market and investing at the top of the market(bull market)? Whom between the two stands a chance to make huge profits if both intend to hold for the long term.
Well just like you rightly said. Those who attempt to wait for the bullish season before investing are mostly in the market for the short term gain that the asset has to offer, and if that’s so then this could often take an unexpected turn since no one has the ability to accurately predict the market, from what we know, the bull run mostly comes after the bear market but no one knows how long the bull run would continue and to what extent it would go, many could only predict that it would go higher than its previous peak but in the end, it’s just all speculations and when people follow these speculations blindly, the result could be disastrous.
A pretty could example of how unpredictable the market can be is just few months back after the last concluded Bitcoin Spot ETF, and just like investors predicted, Bitcoin price moved rapidly uptrend reaching over $73k if I’m not mistaken, and there were still so many speculations that Bitcoin would reach $100k before the month runs out and I believe many invested at that point due to those speculations and predictions, and also with the optimism investors had about the upcoming Halving, many investors bought even more Bitcoin preparing for the bigger bull run, and we all know how that played out.
And concerning those who chose to invest in the bear market, I don’t know but I think the bear market is one the best time for investors to invest, as long as they maintain the long term approach, because at this point, no big move is really happening in the market as the market remains as still as water, thus enabling the investor to make better investment decisions without being rushed by sudden market moves into making impulsive decisions. During the bear market, investors that choose to buy Bitcoin are often those who understands the importance of a long term approach, they’re mostly buying to prepare for the next bull run even if they don’t really know or attempt predicting exactly when it will come.