Yes, there are people like that who dream and wait for Bitcoin bear season to invest into it, funnily they may end up very disappointed when Bitcoin price fails to fall to their expected price. They may well be referred to as gambling with Bitcoin rather than investing into it. I doubt that people interested in price more than their accumulation target are even able to hold Bitcoin for a long time.
It's funny that these sets of people may well end up not investing into Bitcoin since they wait only for the dip to buy unless the person already has good quantity of Bitcoin and is now being selective on how to further increase his portfolio. Interestingly, if it's a newbie, he has started off his accumulation journey on the wrong foot and may miss out on good opportunities to accumulate with DCA and smoothen the effect of volatility on his investment.
Worse of it all, the funds he is reserving solely for the dip may be overtaken by some other necessities or frivolities and he don't even buy enough even when the dip comes if he ends up buying at all.
Another thing the investor would miss out on if he gets funds weekly or monthly as the case may be is the less stress that comes with spreading your investments over a longer period of time compared to the pressure of having to do it at once. Also I doubt the newbie would be disciplined enough to employ strategic backup funds like emergency fund and the variances of backup funds, these disciplines are perfected with continuous practices over a considerable period of time.
The longer that we are in bitcoin, the more important it becomes to be able to have strong cashflow management practices, so there are plenty of times, even within the first 4-ish years of accumulating bitcoin that any newbie might be forced to sell some or all of his bitcoin based on his failure/refusal to manage his cashflows in such a way that he is not using his actual bitcoin as his emergency funds rather than having emergency funds in some form of cash that is not going to end up cause him to run out of places in which to draw prior to needing to tap into his bitcoins.
You are correct that newbies might be more prone to employ cashflow management practices that are insufficiently forward looking and/or sloppy and to end up contributing to their getting into a pickle in regards to not having enough funds to deal with various life circumstances that could come their way with potential variance in income and/or expenses and just that shit happens in life. and
those persons who consider having various kinds of cushions in their cashflows (even if they feel that the cash "is not working for them") will end up being way better off by their creating and maintaining such buffers that allow them to make sure that they are not forced to sell some or all of their BTC at a time that is not completely of their own choosing.
This is actually very correct, at my first swipe at DCA, i thought I never needed these various backup funds as proclaimed in this thread and only concentrated on my accumulation and spent the rest discretionary income on other things(Both important and frivolities). It was easy to say that I was careless with funds and hardly saved a dime. I hit a rock that made me sell almost all my holdings back then, only then did my eye open to the fact that those backup funds were actually worth implementing. I tried implementing them again for almost four months without success as I fell back to my emergency funds for survival most times and even to my holdings at extreme situations, but overtime I began reaching some kind of maturity in my cashflow management and was able to carve out emergency funds and separate various variances of discretionary income into several bank accounts as against keeping all of them in a single account as I previously practiced.
It really took time to reach some kind of maturity of good cashflow management practice and I had to change lots of tactics on the way including splitting my discretionary income into various backup funds after removing the portion for my DCA and depositing them to the appropriate bank accounts even before I spent a dime from the whole income. It prevented wastage since I know what I have left after separating the funds with respect to the variances of backup funds and I made do with what I had left. I got better at managing my cashflow and for the first time, I had good savings and could even save for Christmas spending from January. It was a joyful thing to me and I know I wouldn't have been this responsible if I had not learnt to manage my cashflow very well. It was a challenging learning process, but it is surely beneficial.
So I can comfortably say that having a good cashflow management ability is very instrumental to being a consistent and committed bitcoin investor.