People should always treat altcoins as they are which is pump and dump schemes. It doesn't matter if we are in a bitcoin bull or bear market, we know at any time there are multiple altcoins that are being pumped and they are always dumped afterwards.
Knowing this, people can learn to ride the waves without being dumped on to lose money. Otherwise the biggest problem is when people think these useless projects have a "potential" so they end up buying them and bag holding them for long, hoping for profit while watching their capital melt away slowly.

I agree with you, and knowing for sure that we are fast approaching the next Bitcoin's halving in 2024 and comparing the time we are in right now to when we were deep down in the ocean in 2022 with all the events that crashed the price,  the best thing to do right now is to buy regardless if the market will drop further pre-halving or post-halving before the next bull run as it is quite uncertain, however, one may reserve some bullet to catch up such a scenario which if there is ever gonna be such event this market cycle.

I feel that old comparisons and analyzes are unnecessary, past present and future are never stable and predictable. But it's also part of the reasons why we believe in what's going on right now, the market isn't really positive with the issues surrounding it that can easily cause price fluctuations, however, given the level of confidence in this market, I can also enthusiastically admit that a new bull cycle could begin soon in the next few years. It will be more comfortable with a long-term investment or accumulation strategy, the events that everyone mentions are widely spread, as well as some big macroeconomic news that will also impact this market.

I believe on the old cycles to be used to compare what is happening recently. If you check in four years after halving to the next halving, the pattern of bitcoin price movement is almost the same or similar. This even helps in predicting that 2022 will not be a good year for bitcoin. After bitcoin got to $15500 and stayed at $16000 for a long time. We believed that bull run will start this year and it happened. If not for the historical bitcoin price, many of us would not have predicted this. The halving time is getting closer, another indication that historical price of bitcoin indicating that we should buy more bitcoin and hold it for long.

There's product life cycle, which is supposed to cover the stages of a life cycle of any product: introduction, growth, maturity, decline. It's actually based on interpretation of human life cycle, and it's vague enough that it can be applied, but that doesn't mean that it's useful for any product. For example, what's the life cycle of a wheel? It was invented, its usage continued to grow, I suppose it's been at the maturity stage for a while (or is it still growth because new types of wheels continue to appear?), but will it ever decline? It's a matter of interpretation, and it is an extreme case of something that proved to be particularly useful, but I'm just trying to show that it's not that simple and not that universal.
I believe the market life cycle phases are based on the product life cycle, and note that when I google 'four phases of a market life cycle', all results on the first page are from the product life cycle, so I'm not even sure how common is it to use the phases outlined in the article.
If we suppose that Bitcoin can go through the cycle for many times (and it seems to me that this is what the article indicates), we're probably at the accumulation phase. If it's a one-time thing, I'd say the second one.

I will offer a slightly different answer than what would be expected in a topic like this.

Given that the majority of members (as well as the OP) are constantly looking for some starting/exit points and try to orientate themselves in relation to profit, they completely ignore the phase we are in if the majority has consciously accepted that we are served with some crazy theories about the fact that it is normal and acceptable to share our private keys (seed) and still pay a monthly fee for it.

Given that the OP in some way supports the company that does this (posting a link is a form of support), I chose this type of answer to ask myself what stage of mind we are in when they sell us stories that even the most naive people should not accept.

I totally agree with what you are saying. Maybe in the next few weeks/months we could go down a little more but I doubt we'll go below $25k, this phase is a very long and important accumulation and it's also the perfect moment to buy something more because after 2024 I'm not so sure we'll ever see again bitcoin in the $20k-30k range. And besides the halving let's not forget about the ETFs, probably several of them will be approved next year.