Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.
Newbies have this mindset that crypto is a get rich quick scheme, which is not. Maybe they will learn it the hard way. Either case as we grow older in this market, we will learn when to buy, or when to start to accumulate and maximize our profits in the future.
Best time to buy is bear market, although if we are going long term, we can do DCA as well. So it's true,
the best way to buy and accumulate is during the dip and just be a holder.That is the best strategy here, HODL as much as you can and then time the market and sell when we are in a bull run or at the top of the price or near all time high.The first best time to buy was yesterday and the second best time is today and it is always now if you are considering long term investment in Bitcoin, you don't have to wait for any dip or bear trend but with your dca strategy you are already there in the market while any dip or bear trend can only be seen as an advantage of buying wholesomely at a cheaper price and having more quantity.
You have to be specific when making use of the word crypto by not generalizing Bitcoin operation in terms of other coins because Their performance solely depends on Bitcoin if you want to say Bitcoin just say Bitcoin.
Timing the market and sell when we are in a bull run or at the top of the price or near all time high as you said sounds more like a trading strategy who's intention is only to buy low and sell high, those who should be talking about selling are those who have attained higher level in their Bitcoin investment in as much as we are not talking or emphasizing on selling but to accumulate and hodl for as long as 5 to 10 years or more.
Your very right about this, I've seen many newbies like me in the past just watching bitcoin grow and not taking any action towards buying bitcoin because of the price of bitcoin, but since I heard that I can buy bitcoin even with small amounts and accumulate over time with DCA I bought the idea and I'm planning to implement next month once I receive my salary, even if it's a little amount, to me it's better off starting than waiting till you have huge amount to buy at once with a lump sum when you can start from where you are with DCA and it also helps us to be less bothered about market volatility on our portfolio.