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[Cookdata]

Yes. Bitcoin has been following patterns. So, maybe, the current downtrend too is a pattern, which will take its own time to recover.

I as a person who invests in bitcoin, I hope that the bitcoin cycle is as you say. and hopefully in the future there will be a better bull run market. but I think for now bitcoin will be in the bear market for a very long time. and it will be difficult to step into a bull market. because the world economy is down.

If you're referring to the same market that I am familiar with, then I believe that Bitcoin is underperforming fairly compared to other markets because, despite all the negative press, it has been trading in the $19k to $20k zone for a while. Just take a look at how certain stocks slumped yesterday when they reported earnings that fell short of expectations. Stocks like Meta and AMZN sank yesterday, yet bitcoin is still rising despite news that one of the major bitcoin miners suspended mining yesterday. In conclusion, even if other markets are struggling, bitcoin will still move when an opportunity arises.

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[Inwestour]

If you're referring to the same market that I am familiar with, then I believe that Bitcoin is underperforming fairly compared to other markets because, despite all the negative press, it has been trading in the $19k to $20k zone for a while. Just take a look at how certain stocks slumped yesterday when they reported earnings that fell short of expectations. Stocks like Meta and AMZN sank yesterday, yet bitcoin is still rising despite news that one of the major bitcoin miners suspended mining yesterday. In conclusion, even if other markets are struggling, bitcoin will still move when an opportunity arises.

You need to understand that while we are in a bear market, there will be constant attempts to lower the price even lower. But the 19k level proved to be very reliable and there are still hopes that this level will become insurmountable for the bears. In fact, after trying to grow, yesterday bitcoin began to roll back a little, that is, we can say that there was a reaction to the news, but it was very insignificant.

[Rockstarguy]

Yes. Bitcoin has been following patterns. So, maybe, the current downtrend too is a pattern, which will take its own time to recover.

I as a person who invests in bitcoin, I hope that the bitcoin cycle is as you say. and hopefully in the future there will be a better bull run market. but I think for now bitcoin will be in the bear market for a very long time. and it will be difficult to step into a bull market. because the world economy is down.

There is no bear market without a bull market. The bear market that we are experiencing is not something new or strange , it has always been like this . The bear market is just an opportunity for investors to hodl their bitcoin for the next bull market. The bull market will surely take place.  If the world economy is down it doesn't mean their wont be a bull market coming , bitcoin was designed for dip and bull to occur.

[worle1bm]

There is no bear market without a bull market. The bear market that we are experiencing is not something new or strange , it has always been like this . The bear market is just an opportunity for investors to hodl their bitcoin for the next bull market. The bull market will surely take place.  If the world economy is down it doesn't mean their wont be a bull market coming , bitcoin was designed for dip and bull to occur.

The problem this time is that people are stuck in the bear market from a very long time although these conditions are prevalent here from long but there also needs to be incoming profit streams to make yourself positive about market sentiments which is lacking at the moment.But those who have invested in bitcoin and understand how it works holding long term will always be fun for them and profitable so be optimistic about the growth without worrying lot of current trends.

[BlackRexuz]

There is no bear market without a bull market. The bear market that we are experiencing is not something new or strange , it has always been like this . The bear market is just an opportunity for investors to hodl their bitcoin for the next bull market. The bull market will surely take place.  If the world economy is down it doesn't mean their wont be a bull market coming , bitcoin was designed for dip and bull to occur.

The problem this time is that people are stuck in the bear market from a very long time although these conditions are prevalent here from long but there also needs to be incoming profit streams to make yourself positive about market sentiments which is lacking at the moment.But those who have invested in bitcoin and understand how it works holding long term will always be fun for them and profitable so be optimistic about the growth without worrying lot of current trends.

The bear market runs only in a year and even reaches a year and a half of the cycle, maybe this is only to my knowledge in the last few years I have studied it, at least from 2019 we have felt it, at least we can learn from before, even though many people are stuck in the market bears don't mean they don't make a profit even though it's small, at least they have benefited from the short-term buying and selling they did, because it's very risky to play long-term when the bear market is running, if you hold Bitcoin for the long term, we don't seem to need to care because every year bitcoin has a surprise for its holders, in contrast to altcoins if you use it for the long term, the risk of loss will definitely exist.

[Luzin]

ARK Investment Management Star Fund Manager Cathie Wood predicated bitcoin would be exceeded more than $1 million by 2030

Mike McGlone senior commodity strategy at Bloomberg intelligence predict that bitcoin would hit $100000 at the end of 2025

Greg Beard is one of wall Street's most successful natural resources investors at 21 century believes that bitcoin would hit $200000 at the spring of 2027

It's interesting, hopefully it becomes real. We have to be patient to wait for that year, besides I hope I am given health until the year comes. The problem is the mentality of holding back, because I'm not sure I can hold back until such a big price.
I hope it's not just an opinion that aims to get people to buy and they take advantage quickly. But logically if calculated by minning rewards and needs I hope it continues to bring in new users which leads to increased demand and causes price increases.

[Pigo Piou]

Though crypto initially opposed itself to traditional fiat money, one thing is common and this is cyclicity. If we take a look at the main BTC supercycles when it reached the highest values, we would see important patterns and taking this I’d assume that we’ll see that the next high will be appx in Nov-Dec`25.

[Xampeuu]

ARK Investment Management Star Fund Manager Cathie Wood predicated bitcoin would be exceeded more than $1 million by 2030

Mike McGlone senior commodity strategy at Bloomberg intelligence predict that bitcoin would hit $100000 at the end of 2025

Greg Beard is one of wall Street's most successful natural resources investors at 21 century believes that bitcoin would hit $200000 at the spring of 2027

It's interesting, hopefully it becomes real. We have to be patient to wait for that year, besides I hope I am given health until the year comes. The problem is the mentality of holding back, because I'm not sure I can hold back until such a big price.
I hope it's not just an opinion that aims to get people to buy and they take advantage quickly. But logically if calculated by minning rewards and needs I hope it continues to bring in new users which leads to increased demand and causes price increases.

basically everyone predicts good developments in bitcoin going forward, I don't think there is anything to worry about holding it, but by looking at the length of time we wait actually no one knows for sure when it will happen, I think learning to trade is also more profitable considering we will get profit every day when you become a pro trader, while waiting for our investment to give maximum results on its development

[TheUltraElite]

basically everyone predicts good developments in bitcoin going forward, I don't think there is anything to worry about holding it, but by looking at the length of time we wait actually no one knows for sure when it will happen, I think learning to trade is also more profitable considering we will get profit every day when you become a pro trader, while waiting for our investment to give maximum results on its development

It is a matter of patience here, trading is something that needs a lot of patience and faith in the asset you are putting money in. Of course developments are happening in Bitcoin Core, but the common people and even the regular traders are not much interested in that but the prices, apart from a handful of traders who actually keep track of developments.

If your idea of "development" is a price rise, then you are mistaking market movement with technical development. These are two different things.

Though crypto initially opposed itself to traditional fiat money, one thing is common and this is cyclicity. If we take a look at the main BTC supercycles when it reached the highest values, we would see important patterns and taking this I’d assume that we’ll see that the next high will be appx in Nov-Dec`25.

But that is three years from now, I expect the prices to rise after the year end right away back to 20k at least. This would be a long time to predict for because the highs and lows in bitcoin actually come in at much smaller intervals - probably six months or so.

[Thuy Anh]

Nothing is smooth sailing. Only the ups and downs are true.
Now that this economic downturn is global, it cannot be ruled out that some people store their assets in cryptocurrencies and wait for the arrival of the bull market.

[721Lamont]

A four-year cycle is hard for me. Because I bought a little bit of bitcoin at $50,000. I think the best way to invest is to buy it and then forget about it. Follow its price a few years later.

[JayJuanGee]

A four-year cycle is hard for me. Because I bought a little bit of bitcoin at $50,000. I think the best way to invest is to buy it and then forget about it. Follow its price a few years later.

I doubt that the best way to get into bitcoin is to lump sum at $50k in late 2021 (or perhaps early 2022), and then just sit on that investment, especially if the BTC price has gone down so much.

In other words, if you did your homework and you decided that you had conviction that bitcoin was a good investment at $50k, then you should be able to determine that it is good to continue to buy all the way down from $50k to our current $16k-ish prices.

Of course, you have to figure out what is your budget and what is your strategy, but seems to be too much of a gambling technique to merely sit on your hands and fail refuse to buy more on the way down from $50k to our current $16k-ish prices.

So what is going to be your technique for accumulating BTC?  What is your budget?  Do you continue to make various lump sum purchases of BTC at lower prices, or do you figure out some kind of a DCA strategy, or do you engage in a variety of strategies to DCA, buy on dips and to lump sum invest?

The ultimate particulars regarding how you plan to execute your strategies and how you actually execute your strategies will have to do with a variety of your own personal particulars - and again, to me, it seems that in many cases, just sitting on your hands and waiting is not a very well planned strategy - even though in some cases, sitting on your hands might be amongst the better of plays.... so ultimately, each of us needs to figure out those kinds of particulars for ourselves and hope that we are not too regretful about our way forward, even if we currently feel that we might have made mistakes in the past.

By the way, I would not consider buying at $50k to have had been a mistake - unless you over did it, and unless you were ONLY prepared financially and/or psychologically for the BTC price to go up, at that time.  But even if you have made some mistakes in the past with your finances and/or your psychology, there may still be ways in which you can go forward in a way that you attempt to prepare yourself for whichever direction the BTC price might go from here, even if you might to decide to just start buying something as low as $10 per week worth of bitcoin.

[franky1]

Jay Juan..
your last post started by describing one investment method called "averaging down" which is a way if using the same amount of fiat when buying the high you spend again to buy the low. that average becomes $33k

however.. DCA is a different investment method. where people just buy in regular amounts often no matter the price because you trust one day in the future the price will grow to beat whatever prices you buy at now

i personally dont like to just tell people or see other people tell others to straight out DCA
instead yes put your spare fiat into an exchange regular ready to buy. but look at the monthly market. and see are they buying that specific hour at the weekly/monthy high where by it might be good to wait a bit to see some movements and pick a time to 'buy a dip'

for instance
a google search reveals that retirees in america social security check are released on wednesdays.. meaning many retirees using their government pension as a inflation hedge by throwing it straight into crypto would all deposit on the same day and end up DCA on same day if all just straight up DCAing.. which ends up causing a wednesday to blip up in a temporary high point each mon on that day per month if everyone done it..

so if too many did. its best to deposit. but wait for the dip after that day

[Newlifebtc]

If you're referring to the same market that I am familiar with, then I believe that Bitcoin is underperforming fairly compared to other markets because, despite all the negative press, it has been trading in the $19k to $20k zone for a while. Just take a look at how certain stocks slumped yesterday when they reported earnings that fell short of expectations. Stocks like Meta and AMZN sank yesterday, yet bitcoin is still rising despite news that one of the major bitcoin miners suspended mining yesterday. In conclusion, even if other markets are struggling, bitcoin will still move when an opportunity arises.

You need to understand that while we are in a bear market, there will be constant attempts to lower the price even lower. But the 19k level proved to be very reliable and there are still hopes that this level will become insurmountable for the bears. In fact, after trying to grow, yesterday bitcoin began to roll back a little, that is, we can say that there was a reaction to the news, but it was very insignificant.

Many people in crypto world is afraid of cryptocurrency because of the bearish market that we experiencing now but I know that the value of bitcoin today which is not constant it was not the first time it happens like this the value to go up and come down so it might be changed to a higher price any time so that is why I am not afraid of the price cycle of cryptocurrency

[serjent05]

A four-year cycle is hard for me. Because I bought a little bit of bitcoin at $50,000. I think the best way to invest is to buy it and then forget about it. Follow its price a few years later.

If you have extra fund you can accumulate more during this price crash.  DCA at least in order to lower down your buy price.  And if you don't want to spend more then just hodl and wait for the market to surge on the next bitcoin halving.  As stated by OP, Bitcoin market is cyclical so you just need to wait for the current cycle to end and be on the look for the ATH in the next cycle.

[JayJuanGee]

Jay Juan..
your last post started by describing one investment method called "averaging down" which is a way if using the same amount of fiat when buying the high you spend again to buy the low. that average becomes $33k

You are overly projecting if you try to lock what I said into something that you are wanting it to be in order that you can create a kind of strawman.

I was giving a general overview of the situation in which the BTC price dropped from $50k (the proclaimed BTC buying starting point of newbie member 721Lamont) to the current BTC price.  No way was I suggesting some kind of a rigid laddering practice that would ONLY be buying in equal increments on the way down, unless the person was wanting to construct such an artificial approach (limitation) for himself/herself.

Sure in the end new BTC accumulators can do whatever the fuck they want, yet becoming too rigid is likely NOT any kind of approach that I would be recommending absent a real specific reason to approach it that way (and I cannot really think of any reason to do that unless a person was already fully allocated in bitcoin and just treating his/her additional accumulation as a kind of detached game.. which hardly makes any sense for the vast majority of people to be treating their bitcoin accumulation in that kind of a way, even though I realize that people come up with all kinds of quasi-retarded approaches to the way that they do things, including something like accumulating bitcoin).

however.. DCA is a different investment method. where people just buy in regular amounts often no matter the price because you trust one day in the future the price will grow to beat whatever prices you buy at now

That's true.  A pure DCA method would be buying regularly at whatever price, so for example $10 per week or $100 per week or $2,000 per month or whatever other set schedule that a person might choose.

For sure, if someone is brand new to bitcoin, then I may well recommend starting with something very close to a pure DCA method; however, usually I will also recommend that newbies attempt to be somewhat introspective regarding why they are buying BTC and to at least consider if they want to attempt to employ some kind of a hybrid version of DCA that might also include buying on dips, lump sum investing as ways to potentially front load their investment or to consider ways that they might tailor their approach to the totality of their own situation that would include considering factors related to their cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, and time, skills, goals (investment/lifestyle targets) and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

Of course, there is a need to walk before running, so in that regard, I consider DCA to be a kind of superficial way to get started and I also consider it to be amongst the best of BTC accumulation strategies for those who are just getting started and do not know what to do, and also can be a fall back approach, even when attempting to apply some other BTC accumulation methods or even a fallback approach if someone might consider that they may have graduated away from BTC accumulation, but then for some reason consider that BTC's price moves or some other factors (or even changes in their own considerations) may have caused them to fall back into some kind of BTC accumulation approach to their BTC investment portfolio.

i personally dont like to just tell people or see other people tell others to straight out DCA

I like to tell people to do what the fuck they want, and they are responsible for their own investment.. but a good starting approach is DCA... and in the end they are responsible for what they choose to do... but get the fuck started.

instead yes put your spare fiat into an exchange regular ready to buy.

That might work, but I usually don't recommend waiting as a way to get started.. but hey.. you do you.  If you think waiting is a good idea, then perhaps you already have some BTC.. if you do not have any, you better at least start by buying a little.. and at least at that point you have gotten started... and then once you have already started, you are then able to supplement with whatever other approach.

Of course, there may well be circumstances in which waiting might be prudent.. but if they do not have any BTC, then I hardly imagine waiting to be a good starting plan.

but look at the monthly market. and see are they buying that specific hour at the weekly/monthy high where by it might be good to wait a bit to see some movements and pick a time to 'buy a dip'

Yes.. I don't have any real problem with that kind of an approach.  For example, when I got started I had created a 6 month budget for myself, and then I created a weekly allowance for myself (which would have been the total budget divided by 26 in order to get my weekly amount).  You could create those approaches on a monthly basis too.. and sure mix and match.  My personal approach was to get a stake in the game over 26 weeks and then to spend within the week.. but sure, you could spend within the month... and you can reconsider your approach too, and ultimately, it is likely a good idea to have a plan in which you are comfortable with what your allowance is and your various time periods in which you want to carry out your budget (spending) based on your various personal circumstances.

for instance
a google search reveals that retirees in america social security check are released on wednesdays.. meaning many retirees using their government pension as a inflation hedge by throwing it straight into crypto would all deposit on the same day and end up DCA on same day if all just straight up DCAing.. which ends up causing a wednesday to blip up in a temporary high point each mon on that day per month if everyone done it..

so if too many did. its best to deposit. but wait for the dip after that day

I do not recommend those automatic systems.. and I agree with you that each of us should be careful in terms of buying around dates that a lot of other buys might be taking place...

And, by the way, fuck crypto.. we are not talking about crypto here.. we are talking about bitcoin.  I would not recommend any of these strategies in regards to "crypto."  Bitcoin has strong fundamentals and is an asymmetric bet (to the upside) that is why DCA and various other long term investment strategies apply to bitcoin but do not necessarily apply to crypto overall unless you happen to find some shitcoin project that you believe has a long term investment thesis and I doubt that would be true. unless you are just fooling yourself in regards to those various smoke and mirror house of cards affinity scams.

If you're referring to the same market that I am familiar with, then I believe that Bitcoin is underperforming fairly compared to other markets because, despite all the negative press, it has been trading in the $19k to $20k zone for a while. Just take a look at how certain stocks slumped yesterday when they reported earnings that fell short of expectations. Stocks like Meta and AMZN sank yesterday, yet bitcoin is still rising despite news that one of the major bitcoin miners suspended mining yesterday. In conclusion, even if other markets are struggling, bitcoin will still move when an opportunity arises.

You need to understand that while we are in a bear market, there will be constant attempts to lower the price even lower. But the 19k level proved to be very reliable and there are still hopes that this level will become insurmountable for the bears. In fact, after trying to grow, yesterday bitcoin began to roll back a little, that is, we can say that there was a reaction to the news, but it was very insignificant.

Many people in crypto world is afraid of cryptocurrency because of the bearish market that we experiencing now but I know that the value of bitcoin today which is not constant it was not the first time it happens like this the value to go up and come down so it might be changed to a higher price any time so that is why I am not afraid of the price cycle of cryptocurrency

Fuck crypto currencies and shitcoins.  We are not talking about that here.  Try rewording your post and focus on talking about bitcoin in order that you are at least talking about the subject matter of this thread.

A four-year cycle is hard for me. Because I bought a little bit of bitcoin at $50,000. I think the best way to invest is to buy it and then forget about it. Follow its price a few years later.

If you have extra fund you can accumulate more during this price crash.  DCA at least in order to lower down your buy price.  And if you don't want to spend more then just hodl and wait for the market to surge on the next bitcoin halving.  As stated by OP, Bitcoin market is cyclical so you just need to wait for the current cycle to end and be on the look for the ATH in the next cycle.

I agree with everything that you say serjent05 - except you seem to imply that there is some kind of guarantee that we will be out of this cycle and reach another ATH. 

Sure the odds are pretty decent that we will both be going up and that we will reach new ATHs in the coming years, there is no guarantees that ATH will be reached or that BTC will continue to follow a cycle, even if historically (so far) Bitcoin has largely followed a cycle.

[Sayeds56]

A four-year cycle is hard for me. Because I bought a little bit of bitcoin at $50,000. I think the best way to invest is to buy it and then forget about it. Follow its price a few years later.

I doubt that the best way to get into bitcoin is to lump sum at $50k in late 2021 (or perhaps early 2022), and then just sit on that investment, especially if the BTC price has gone down so much.

In other words, if you did your homework and you decided that you had conviction that bitcoin was a good investment at $50k, then you should be able to determine that it is good to continue to buy all the way down from $50k to our current $16k-ish prices.

Of course, you have to figure out what is your budget and what is your strategy, but seems to be too much of a gambling technique to merely sit on your hands and fail refuse to buy more on the way down from $50k to our current $16k-ish prices.

So what is going to be your technique for accumulating BTC?  What is your budget?  Do you continue to make various lump sum purchases of BTC at lower prices, or do you figure out some kind of a DCA strategy, or do you engage in a variety of strategies to DCA, buy on dips and to lump sum invest?

The ultimate particulars regarding how you plan to execute your strategies and how you actually execute your strategies will have to do with a variety of your own personal particulars - and again, to me, it seems that in many cases, just sitting on your hands and waiting is not a very well planned strategy - even though in some cases, sitting on your hands might be amongst the better of plays.... so ultimately, each of us needs to figure out those kinds of particulars for ourselves and hope that we are not too regretful about our way forward, even if we currently feel that we might have made mistakes in the past.

By the way, I would not consider buying at $50k to have had been a mistake - unless you over did it, and unless you were ONLY prepared financially and/or psychologically for the BTC price to go up, at that time.  But even if you have made some mistakes in the past with your finances and/or your psychology, there may still be ways in which you can go forward in a way that you attempt to prepare yourself for whichever direction the BTC price might go from here, even if you might to decide to just start buying something as low as $10 per week worth of bitcoin.

There is no doubt that Bitcoin is cyclical, but it is hard to predict its next move based on its cyclical nature because it always plays out what market doesn't expect. During the current bear cycle it broke its previous ATH (17K) which was unprecedented & even now it is trading around 16K.

The best strategy what I learned by experience is to accumulate it when there is reasonable dip in its price and wait for the next dip to make further buying if you have got enough funds. You will definitely book good profit when bull market returns.

[franky1]

There is no doubt that Bitcoin is cyclical, but it is hard to predict its next move based on its cyclical nature because it always plays out what market doesn't expect. During the current bear cycle it broke its previous ATH (17K) which was unprecedented & even now it is trading around 16K.

The best strategy what I learned by experience is to accumulate it when there is reasonable dip in its price and wait for the next dip to make further buying if you have got enough funds. You will definitely book good profit when bull market returns.

forget everything you have ever learned in your life about the markets of fiat.. those illogicals do not apply to bitcoin because bitcoin is not inflationary like fiat markets.. bitcoin is deflationary..

lesson one is this. do not look at or care about ATH. do not think of ATH as a important number. think of them as just a temporary blip event of premium prices no one wants to buy

flip the mindset.. look at the historic periodic lows to find value. note that the periodic cyclical lows rise in value.

always buy low .. and sell high. low=important.. high is pfft not so
do not use words like "when bull market return"

assume you are only watching the periodic lows that are in constant bull
assume the market price above the lows is just the whimsy of speculation, the clouds in the sky, the vapour. and not a value

yes take advantage of the whimsy movements of the market. but dont have the mindset of bull and bear where you are thinking that the CORRECTION from a 1 day ATH event is a bear and that bears are bad as they are killing your value..
instead realise you are slaves to gravity. you stand at ground level looking up.. lows are the best times to buy. the happy days.

once you forget the ATH notions as being important. and instead live in gravity of a grass field of cows(bulls you can milk) you feed as you take them up a hill. you stop thinking of bears.
milk the cows for profit as thats what they are there for
.
then learn about the ground you stand on that supports you which is above sea level (non zero) and while looking at the ground instead of the vapour clouds that dont last long notice how over time you are going uphill.

this non zero ground is not based on whimsy of the market. its based on the actual bitcoin cost. the underlying cost of mining. yep its a real thing.. its tangeable.. the mining hardware and energy to create the blockchain is the real infrastructure. unlike the market.
costing out the lowest price on the planet to mine gives you the underlying value you stand ON
this supports you and rises over time.
if no one on the planet can farm for less than X no one can sell for less and no one would want to . thus supporting a certain level

the lowest costs.. thats the important numbers to keep in mind. not the market whimsy ATH temporary events of social speculation and manipulation in the clouds of vapour.

then you will start to understand the cycles more.. the halving event is based on the blockchain units, not markets.. has effects on the mining costs of those units.. understand them and then you will see the big picture of true value

the market stuff is just the speculation above ground above value. which is volatile and stormy and unpredictable. take advantage when you can of the speculation but stay grounded to the underlying value
then things will make more sense and give you more of a sense of security and stable growth over time of deflation

..
you will then over time start to have this mindset.
i years ago got a nice hoard of coin. i do not think about "omg i missed a ATH to sell" instead i think "well 2020 value was $3k 2021 value was $10k 2022 value is $15k". i know each year the value of my coin goes up. because i stay grounded. looking at the grass that feeds my cows that i can milk when i want

[Derrickiell]

The low price of bitcoin is not a reason for panic and concern. This is the rare opportunity to buy cheap bitcoins. If you miss this moment now, then next time it may not be presented very soon.

A correction is a time to buy, not to sell. Don't worry - just HODL (or buy more).

Keep holding!

It's hard to predict what the future holds and whether history will repeat itself. We are still in a bear market period and it is a great opportunity for me to invest and accumulate more bitcoins. The Bitcoin cycle never seems to disappoint and is expected to deliver huge gains during the next bull run.

[hZti]

There is no doubt that Bitcoin is cyclical, but it is hard to predict its next move based on its cyclical nature because it always plays out what market doesn't expect. During the current bear cycle it broke its previous ATH (17K) which was unprecedented & even now it is trading around 16K.

The best strategy what I learned by experience is to accumulate it when there is reasonable dip in its price and wait for the next dip to make further buying if you have got enough funds. You will definitely book good profit when bull market returns.

forget everything you have ever learned in your life about the markets of fiat.. those illogicals do not apply to bitcoin because bitcoin is not inflationary like fiat markets.. bitcoin is deflationary..

That is absolutely right, still the fiat market has a huge impact on bitcoin. Since the last 10+ years there was a flood of fiat money, we could see bitcoin increase. What will happen hoverer if the next 10+ years we will see high interest rates and not much new money being printed.