But you're making the huge assumption that people who invested in late 2017 are likely to continue investing with a DCA approach. My acquaintances who invested at that time, later sold at a loss and didn't get back in. Like the majority of those investors, they probably don't even know what DCA is.
People with that get-rich-quick-or-bust type of mindset will simply never make it in this world. They certainly won't make it in ANY type of long term investing, be it stocks, PMs, real estate, etc. They can't be helped, because the fear and FOMO/greed emotions in them are too easily manipulated. Bear markets in anything can last for years.
But my question remains - why so very few people understand that BTC has a finite supply that cannot be altered and should therefore be trusted to hold value more than infinitely supplied fiat.
Most can't be bothered to do the research. Even if they do understand it, they are too overwhelmed by the brainwashing campaign of the MSM that tries to paint Bitcoin as a complete scam. They also don't understand and are put off by the volatility of Bitcoin as compared to large cap stocks, and so they seek false safety when they should be doing the opposite. Risk little, gain little.
Yeah, I agree. In 2017, I was getting phone calls from friends of friends asking for advice about whether to invest in BTC and a range of alts popular at the time. I was shocked by their lack of knowledge. Yes, just wanting a get-rich-quick scheme, an approach which backfired on all of them. I did months of research back in 2013 - it paid off - and I guess I assumed everyone else would do the same. I was proved wrong. Thankfully to their detriment and not mine.