in 2022 especially at a time like this when the market is bearish of course buying is a very good time but no one knows to what extent the decline will continue, so waiting for a deeper decline or buying now doesn't hurt because if you look at it from what what happened in the past, the crypto market can always recover especially Bitcoin.
If Bitcoin can recover in the near future, then there is a possibility that the market will appear to be recovering as well, but if Bitcoin is still as it is today, it will be very difficult for the market to appear to be recovering and this applies to all the altcoins that are already in the market right now.
In short, we are in a bear market, and all we see is a bearish price movement. As we can see, when bitcoin falls, the entire market falls, even the big market cap altcoins, are still struggling as well. Also, we cannot assure you that this is the cheapest we will see this year, we might see another big dump, so be ready and keep your faith by holding your assets.
Nothing inside this industry can assure you with how you can predict the next market movement, even you are seeing corrections and dump right now, there are still possibilities that it will continue to fall, unless, there are more investors to start bringing huge amount of investment, either in form of bitcoin or other alts.
As long as it brings the attentions of many investors, the chance that the market will bounce back is always possible.
Invest when you are ready to face any difficulties inside the market, and you are willing to embrace possible losses while working around.