Volatile nature of Bitcoin is a big issue even for long time investment, it makes both the new investors who's intention is to learn more in the process and the old investors to experience or maximize FOMO and the fear of doubt and uncertainty Which are very common to investors, volatility should only be seen are a characteristic of Bitcoin to encourage investors not to sell but to hold and accumulate even more regardless the nature of the volatility which has made some investors to sell their investment.
Volatility is mainly a problem for short term investors because long time investment does not require you to be looking at the price of Bitcoin regularly. If I start buying Bitcoin today and set my mind that my investment will be held for at least 7years, why will I shake when the price drop sharply? Of course those buying at the dips might FOMO a little when there is market drop, because they will be contemplating the right entry point, but those that are using stable process like DCA are not bothered at all because whether price drop or not, they already set aside some part of money to be invested in Bitcoin at a certain time they have already planned irrespective of the price.
And that is the main reason why trading or at least short term of it is not for everyone. We have heard horror stories here specially around 2018 wherein there are members who have experienced a first bull run 2017, thought that it will go like that forever. And they didn't take into account that the next cycle might be worst and that's what happen to the majority of them. They continue to short or day trade, to no success as the market make a U-turn.
For those who are worried about the volatile nature of Bitcoin, the DCA method is highly recommended as the advantages are enormous. Not only this, there are many other advantages that the DCA method have which is the reason it dominate the discussion here. Many people are already applying it and you can see the testimonies by simply scrolling through the discussion.
But for "smart" investors, well, volatility could be a friend to say the least. Not that it will affect us mentality, but used it to challenge us and then be intelligent to buy during the dip, or do the best strategy that is known to us, DCA. And then have the mental toughness to go day in, day out, daily grind or weekly to stack sats as much as we can and then just sell it when the time comes or necessary.