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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.
Mostly because your friend didn't execute what he learn also he don't have huge trust on bitcoin its because he didn't take good action even if bitcoin present so well a good price for people who want to start their journey. But for sure he regret those decision for not acquiring especially that there's good recovery currently happening in the market. If he keep those attitude and didn't learn from his mistake for sure he will continue to doubt about not moving.
And he will just say some nice stories about the old times of bitcoin but, they didn't take advantage on those times when there's opportunity for them to take action. But even though those dumps has been surpassed by bitcoin your friend could still start at current price since as we know bitcoin there's still huge chance for it to pump more. The $100k speculation still alive and if again they doubt if this price would came for sure this is another situation that these people will doubt again on why they before they didn't buy some bitcoins.