You don’t sound like someone that knows anything about bitcoin investment. Why will you discourage people not to invest in bitcoin now and say that the price is high. The best time to invest in bitcoin was yesterday and the second best time is today. If you don’t start your investment now, when do you wish to start to accumulate more before the bull run. If you’ve invested in bitcoin when the price is at $58K that you claim to be high, when it’s already in $100K, you’ve made almost x2 of your investment. It’s just simple, anytime you start is not bad as long as you’re holding for a long term, the value of your money would have appreciated by then. Waiting for the market to fall before investing may be the wrong choice you would ever take, it may not dip further and we may never see this price again when it moves from here. So make hay while the sun shines.
The best time when the price is cheap with the calculation between today and yesterday. If today Bitcoin is traded at a price of $ 59,000, then the best time is when the price of Bitcoin is at the level of $ 57,700.
Are you saying that a new investor without any bitcoin should not buy bitcoin till the price dips to 57k+, that is a wrong way of starting your bitcoin investment because what if the price did not dip to that amount, do you mean that the new investor should've keep on waiting when he has the money to buy right away. This is the problem that some people have, they want Thebes price of bitcoin to come down to their own price before buying.
Since the new investor is buying and investing for long term, there is no need to selecting which price you will buy bitcoin, you should start immediately because I don't see it as a wise idea when you have plans of buying bitcoin with DCA regularly, persistent and consistent for 4-10 years and above, because even if bitcoin price is at 70k,80k or 100k,you are not to stop buying since you are using an amount from your discretionary income that will not be a challenge to your financial responsibilities. Who knows how much bitcoin price will be in 4 years time, will that prevent you from carrying out your DCA ongoing buying practice.
It is better a low coiner or no coiner keep buying regardless the price of bitcoin so that he can achieve a good size of bitcoin in future.