Bitcoin is above $60,000 again. Many of us almost got very excited for the possible opportunity to purchase Bitcoin below $50,000 again. Haha.
But sometimes we probably should start thinking that in 10 or 20 years, many people will look at the price of Bitcoin and they will be very sick in their stomachs because they will be asking themselves how they have missed all the price appreciation of an asset that was designed to surge because the Central Banks around the world have that never-ending policy to print money.
Of course, in the next 10 to 20 years, many people will look back and bite their fingers, blaming themselves for not taking the risk and investing in Bitcoin when the price was still below $60k. At this point, many individuals will regret not purchasing Bitcoin last year when the price was around $25k, and others who did will wonder why they didn't accumulate more when the price was still lower. It's better for those who want to invest in Bitcoin to do so while they still have the opportunity because they will regret their actions later.
I totally disagree with you. An investor should not look at the Bitcoin price at all, when you invest in the DCA strategy, why do you need to look at the price? DCA strategy requires you to buy when the price is up and buy when the price is down.
You are correct, a professional investor does not need to check the Bitcoin price before investing because they already know the price pump and dump, however, I believe that only those who are new to the market should consider the price of Bitcoin before investing, because they had to start with a low price and gradually raise, some newbies to the market may choose to begin with a low price because they believe the Bitcoin price is too expensive for them to start when it is high.