If you're thinking of allocating some of your savings into Bitcoin, this would be a great time to get started. Like others have said, DCA over time is a great strategy. I'm here to tell you that in April of 2024, BTC will undergoe another mathematically guaranteed event called a Havening. This is when the rewards per block of undiscovered BTC gets cut in half:
"1st Bitcoin halving date — November 28, 2012 — Reward down: 50BTC to 25BTC. 2nd Bitcoin halving date — July 9, 2016 — Reward down: 25BTC to 12.5BTC. 3rd Bitcoin halving date — May 11, 2020 — Reward down: 12.5BTC to 6.25BTC. 4th Bitcoin halving date — April 24, 2024 — Reward down: 6.25BTC to 3.25BTC."
If you look at the historical cycles of BTC, these events are catalyst for very long Bull market runs. The difference of this particular Halvening will be the introduction of access by institutional retirement funds via the BTC Spot ETF moving thru the legal process now.
The U.S.stock market moves in one day, the entire marketcap of Crypto. There are plenty of new investors waiting for their opportunity to enter the market in what is being loosely described as the next Gold standard fit for a fast Internet Age. This is not financial advice and you should never invest more than you'd be willing to lose, but I've made much worse decisions with more amounts of money and the upside of getting and holding BTC now greatly outweighs the risk for me.