Every Bitcoin investor should aim to hold Bitcoin for the long term. Buying bitcoin regularly and patiently holding it for the long term is a best investing strategy. And the best way for this is DCA. Investing wisely doesn't always mean technical knowledge, but investing regularly in a disciplined manner, holding patiently for long periods of time, and making the right decisions at the right time, That is investing wisely. Everyone is wise in their own way and in their own strategy, and that personal right perspective is what makes an investor a successful investor.
Agreed, but investors need technical knowledge and DCA strategy to invest at the right bitcoin price and the key is patience to buy gradually at a lower target price than the current market price and many investors are lucky to buy bitcoin at a correction price above 10% a few weeks ago, investors have the principle to be regular and disciplined in implementing their strategy without external influence from bullish or bearish news, all investors have different personal strategies but focusing on implementing a DCA investment strategy is the best choice to gradually add crypto assets.
An investor don't need to know about technical analysis for him to be successful in his bitcoin journey and reach his bitcoin target. A new investor does not need to pass through all those stress of trying to understand the market because it will discourage him to start investing in bitcoin immediately.
A new investor should only understand the basic knowledge of bitcoin and how to buy bitcoin from an exchange with his discretionary income regularly with an amount that he can use to continue buying without a problem for 4-10yrs and above. Since he is investing and hodli for long, all he needs is to keep his DCA ongoing overtime consistently and persistently. A novice or new investor will be able to do that as long as he uses the right amount from his discretionary income to invest.
Technical analysis is for traders and not investors because DCA strategy allows you to buy bitcoin steady weekly or monthly irrespective of the price of bitcoin at that moment. Let's not make newbies feel that investing in bitcoin is hard so that they can have the zeal to invest in bitcoin and hodli do r long.