Similarly, another challenge of buying and HODLING is speculation as due to the fact that a lot of experts are making predictions of the price falling due to unforseen circumstances might make a beginner to pause before accumulating and it the quest of waiting for the the price to dip it now increases instead, so no matter the price of bitcoin as a beginner what you need do is keep buying and hodling and possibly apply the use of the dca method.
Yeah I agree with you that speculation is one of the major challenges most Bigginers normally face due to lack of much knowledge about it but however as a newbie who has a basic knowledge about Bitcoin and from those knowledge he discovered the potential of Bitcoin and as such decided to take part on investing on Bitcoin with the belief of holding the Bitcoin for years, so perhaps as a newbie or regular investors I see no reason why speculation could affect your investment decisions which your intention is buying and holding for long time, so speculation or not shouldn't be your concern because you have an investment goal to achieve.
So perhaps is only people or newbies whom there main intentions is to buy the dip and sell when the price increases so those are the sets of investor that normally got influenced by speculation.