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What you said is quite cool and makes sense because no matter what, beginner investors will not be able to ignore basic knowledge, patience, risk management, and investment time if they invest in Bitcoin. Because all of these are important things that need to be understood and also passed by every investor who wants to get rich with the investment that he has entrusted based on his own decision, namely Bitcoin. In addition, at this time there are many investors who are being tested for their level of patience in holding and maintaining Bitcoin so that they do not immediately sell it because they panic when they see the decline in the price of Bitcoin on the market.
You may be right, but not all investors actually put their knowledge into practice when the market is not in line with their wishes. I can give examples of several cases from my friend outside this forum, he is a bitcoin investor who understands the basics of investment, but what he regrets most is that he couldn't buy when the market was down.
He knew exactly that accumulation was good and DCA was useful, but the lack of additional capital made him have to accept reality and let the opportunity pass him by. Basic knowledge is indeed important in investing, while risk management is equally important, but preparing a backup plan should not be ignored.
Your friend shouldn't regret not buying when the market was down, buying when the market was down can be good as it gives the opportunity of buying more Bitcoin at a lesser amount of money, but it is a bitter truth that sizing such opportunities is not for everybody, it is only for those who have made preparations for it which is better than being hesitant to buy when the market was down, as being hesitant to buy when the market was down can probably affect your other living expenses by using the money that is not meant for investment to make purchases which is out of your plan, your friend can be comfortably aggressive enough with his dcaing without over doing it and his Bitcoin portfolio will keep increasing which is the effects of the DCA if consistency is being applied, the DCA provides a comfort zone for every Player hence there wouldn't be any need having much of a regret for not buying when the market was down if long term is the vision.