Bitcoin is cyclical, its price movements and other whatnots happen in cycles, thus the past history is always a good focal point to predict the present and future, it doesn't mean that things will happen exactly the same way, but more often than not history somewhat always repeats itself one way or another.
Fast forward to 2023, someone I knew is expecting some kind of a new pandemic to put pressure on the world once again, he believed that the last pandemic was intentional, what do you think?
It is of no use discussing the propaganda of the pandemic here since the discussion is about Bitcoin. Yes, the pandemic will prolly go down as one event that slightly affected Bitcoin in the last couple of years, though the effect was pretty minimal. Mind you that a similar event in the form of another pandemic doesn't have to/wouldn't happen to prove that history repeats itself, what that axiom means is that when we are in a bear market, events that hamper the price of Bitcoin occurs, and when we are in a bull market events that cause an appreciation in Bitcoin price occurs.
Right now some people are still waiting for more downside without any DCA so far, this is a very big risk if you ask me.
I wouldn't call it risky because anytime is a good time to invest in Bitcoin, the only thing is they could miss out on some good ROI through investing pretty late.
