Honestly, in my opinion, I think this is baseless. This is based on the assumption that Bitcoin falls back to the price you bought it at or lower, which in reality, as it is now, is not likely... For example, at the beginning of the year Bitcoin was around 42k , and it's climbed up to 70+ during the course of these 4 months, and given all the dips, hasn't quite dipped down to that initial 42k we started the year with, and then relating this to what you said, if somebody bought Bitcoin at 42k and is waiting for that dip from 66k to that 42k, is not likely.
And then, you mentioned people feeling it's too late with the reason of knowing it for long.. actually, that should be a core reason to get involved. Having 'known' Bitcoin for however long that 'long' you mentioned is, and seeing the past performances of Bitcoin, that should encourage you to dive in, because you should know that there isn't unlimited units in circulation, whales are doing their thing and all that. I think knowing about a cryptocurrency for long being a reason not to go into it, should only be in the context of shitcoins, seeing their past records should be enough to keep you away from them, that's if they last long enough to have a past record long enough to learn from.
I also think that buying Bitcoin, if you're a long-term investor, using DCA or not, should have nothing to do with looking out of dips , and buying Bitcoin should be a 'now' action, in present tense. In some sense, there's no need to wait for corrections, you keep buying in bits however you are able to keep up
Before you go into Bitcoin, know what the fuck it is you're buying, you're buying BITCOIN for crying out loud, have that in mind. Don't take your past experiences with shitcoins to measure btc, sometimes this makes people panic and sell off. You also should know that Bitcoin is a stay longer earn better thing, so you'll streamline your investment funds in a way that you can keep depositing, and not starve off..
You also should know why you're doing Bitcoin.
About the DCA thing. I feel I should say this, don't put in all your money at once in btc, you'll find that you'd trade in no time. However, the aggression you invest with is all up to you, just do the smart thing
, if you're a long-term investor, using DCA or not, should have nothing to do with looking out of dips , and buying Bitcoin should be a 'now' action, in present tense. In some sense, there's no need to wait for corrections, you keep buying in bits however you are able to keep up
yeah there's no need for one to wait for correction or any dips for thinking of accumulating bitcoin, you can see that the performance of Bitcoin the past months as proven that already, like some folks that bought bitcoin during the price range of $45k and stop accumulating while , waiting for bitcoin to dip to the price range of $30k . But shocking to them bitcoin didn't moved their way but instead kept on surging till it hit it's new ATH which Is around $73k (which is going to beat later creating a new one ). And they endup missing out big time , instead of using DCA method or strategy to accumulate more bitcoin while they wait for the dip .
Before you go into Bitcoin, know what the fuck it is you're buying, you're buying BITCOIN for crying out loud, have that in mind. Don't take your past experiences with shitcoins to measure btc, sometimes this makes people panic and sell off. You also should know that Bitcoin is a stay longer earn better thing, so you'll streamline your investment funds in a way that you can keep depositing, and not starve off..
You also should know why you're doing Bitcoin
there's where most newbies are getting it wrong , though most of us here have been given a certain scar by shitcoins back then we where dealing with it . And has effect alot of users confidence in investing in this space that is why there are some folks that will quickly sell there bitcoin whenever there's a slight dip in market thinking that bitcoin won't bounce from that dip. Because of the experience they got from a certain shitcoins that dip with their funds without ever thinking of recovering . That one need to stay away or minimise any urge he or she have in investing in shitcoins. And focus that urge in accumulating more Bitcoin for long-term holding. Like I said earlier bitcoin far different from other coins .
About the DCA thing. I feel I should say this, don't put in all your money at once in btc, you'll find that you'd trade in no time. However, the aggression you invest with is all up to you, just do the smart thing
well as an investor that have a fixed mindset for holding bitcoin for long-term investment, with some good cashflow may decide to buy large quantity of bitcoin using lump-summing, to give himself a nice start up in his accummulation . Before using DCA to accumulate more Bitcoin , because having a good cashflow he can be able to handle his financial situation without depending or taking his investment as his only option. But someone that don't have much cashflow should focus on using DCA strategy, because if such individual go all in his investment without any backup he may endup selling his investment too early .