I think that we need to know whether newbie or not.. .if brand new then buy, if you already have coins then you still might be a newbie and you should buy. I would also tend to suggest that if you have been buying less than a whole cycle, then continue to buy unless for some reason you had front loaded your investment along the way.
Another thing is that if we are buying every week, then why should we care if the price is high, low or somewhere in the middle? If we are a newbie, then how are we going to know if the price is high, low or not? Sure, we can see ATHs currently present, but does that tell us not to buy?
Maybe you know since you have presumptively been in bitcoin for two whole cycles (since mid-2016), and for you maybe you have already bought a lot or more than enough BTC over the years? Most folks have not had two full cycles to accumulate BTC, so if you are addressing your comment to any newbie then the question would more likely be whether they have any coins and if they have enough and if they don't then for them to keep buying.., yet they are still responsible for their own choices whether they end up buying or not buying.
I agree with you on this. Bitcoin investment can be very unpredictable as the asset is a very volatile one, thus requires a very thought through approach to be able to navigate the market, especially for those who are relatively new to the market. A consistent and long term approach is indeed the best strategy to use when faced with such an uncertain market, it’s also very important to focus more on the investor’s long term financial goals rather than attempting to time the market, which can be very misleading.
The best advice to give to newbie investors would be to start by constantly and continuously accelerating coins, without minding the current price or temporary market conditions. There are lots of risks associated with attempting to time the market and this approach may potentially aid an investor to reduce timing risks as well as exposing themselves to the risks that comes with market volatility in the most possible ways.
Just like you rightly said, investors who have only been in the market for less than a full cycle should prioritize continual and consistent buying and accumulation, since this can help lessen the load of thinking what and how to approach the market in order not to end up in losses. Except maybe they’ve already at some point front loaded their investments.