I have observed that the rate of posts on buying Bitcoin in this bull had increased greatly. I once read that people are always attracted to invest in Bitcoin when the price is going high. We see more people buying Bitcoin because of the fear of losing out. I know that we can buy bitcoin at any price we can afford but it seems these investors are more concerned about this year's bull run.
I cannot blame them if they invest because of the bull run because whether you invest when the price is low or higher, we are all investing for the upcoming bull run, but the only thing is that these types of investors are not successful sometimes due to FOMO. They invest when they see the time for the bull run, which is not okay. These types of investors also are not getting profit like people who invest when the price is still low. Furthermore, we aren't sure if the bull run is coming this year; we are just anticipating that it will be this year, so they are just investing but aren't sure of what they are doing. I will advise them to invest the amount they can afford to lose; the current price shouldn't push them to invest heavily.
From my little experience with the Bitcoin Investment system, the best time to buy the coin if you are targeting to make a profit in the bull run is during the bear run. The price is cheaper and you can make a good profit within the four-year circle. At this period you don't need to rush to buy because of FOMO but you can comfortably buy at your own pace using the DCA or other strategy that suits you.
Yes, I even prefer the DCA method to invest in bitcoin because I assume it is the easiest way to invest, especially for newbie investors. The DCA method will be the easiest way for them to invest in bitcoin, and for sure, during the bear run, it is preferable to buy more bitcoin, so when the price rises, you will be calculating the profit you have gained.