Without going into technicals, here's why BTC is an eaaasy looong game

We already know the cycles, but whenever there's a correction majority of people are emotionally affected and are prone to "go with the prevailing market sentiment." This is why majority of active mom and pop investors never make a significant profit beyond their Friday pizza splurge.

If people only do this, you will never lose with BTC in the long run -

-Buy

-Correction happens, fire sale

-Buy more when most are selling

-Don't buy during parabolic pumps

-Sell only when you want desired life changing event (note that this selling event might not occur in your lifetime but your children's or their children's lifetime) NOTE THAT AT THIS POINT YOU WILL BE ONE OF THE "WHALES" THAT CAUSE A PRICE CORRECTION. With each event like this the distribution of BTC amongst the masses increases.

As somebody has said buying BTC right now is like buying real estate in Manhattan back before it became the NYC it is today. Buy and HODL, and you will secure your generation's financial standing.

TLDR: buy and HODL