Bitcoin is doing that thing again, crashing 50% before running up 10x. I was certainly wrong last fall expecting bitcoin to never go below $100k again. But if that comes true later this year, hindsight makes that missed call look ~pretty close~. Jokes aside, there are times in bitcoin land where the opportunity to buy is obviously greater than others. Right now is one of those times. Unfortunately, for most, it coincides with a time of all time low conviction. If you zoom out, the bitcoin thesis has never been stronger.
One metric people like to watch is the 200 week moving average. I think of this metric as a proxy for a 4-year dollar cost average strategy. Historically, there has never been a “bad” time to start a long term DCA in bitcoin. That is almost certainly more true today than most other times in bitcoin's price history. The question is, have you done the work to understand the thesis, and maintain the conviction throughout this volatility. Historically, those that have are rewarded nicely for their strength. If your thesis changes because price went down, you never had a thesis. Stay humble, and stack sats.