1. Fear and Greed: Bitcoin investors are susceptible to bouts of fear and greed. Fear can lead to panic selling during price dips, while greed might result in FOMO (Fear of Missing Out) buying at peak prices.
Short term investors and traders are the ones who are prune to fear and greed. To overcome fear and greed, it is good that you invest in a long term investment like from 4yrs-10yrs. This will make you see the dip as an advantage for you to buy at a discount price and when the price pumps, you will not be greedy to sell and quick profit because you have a long term goal to achieve.
4. Patience and Discipline: Successful Bitcoin investors often exhibit patience and discipline. They stick to their investment strategy despite market swings and avoid impulsive actions.
It has been observed by experts, that for one to be successful in his bitcoin journey, he should invest in a long term investment to reduce the risk on bitcoin investment due to the volatile nature of bitcoin. That person must be patient with his bitcoin investment and also be disciplined, so that he can continue to DCA with a regular amount to increase his bitcoin portfolio with timeline.
5. Risk Tolerance: Understanding your risk tolerance is crucial. Some are comfortable with Bitcoin's volatility, while others may find it too nerve-wracking
Long term investors are comfortable with bitcoin volatility as long as the DCA strategy is what he is using to accumulate to bitcoin in a long term. The volatile natire of bitcoin makes it superior to other investment.