Simply put, someone who wants to invest in Bitcoin needs to think carefully about the risks and use one of the methods for their investment whether it is DCA or lump sum, and set their investment for the long term, to make sure that they can get better returns from it. Because most people only know that Bitcoin can give them profits, but they invest with the wrong approach - they invest in the short term and tend to be like gambling. An investor should think carefully about their decision and invest using their discretionary money or a few percent of their income continuously - and they need to hold it for the long term until they can get profits.
Those set of people only care about quick profits and only invested because of how they heard people making money from it. They believe they can just come in and make a quick profit without really caring to understand bitcoin investment properly and when it doesn’t end well for them they are the ones who go on to spread negative words about bitcoin because they didn’t carefully plan their investment. There are ups and downs in bitcoin investment as the price will appreciate and depreciate so to beat the market easily one should focus on long term investment and accumulate bitcoin using DCA strategy that way you are eliminating volatility of the market from your worries and since bitcoin has proven itself over the years long term investment is the best for you.
There are many who see Bitcoin as a way to get rich quick, and they invest in Bitcoin for 6 to 8 months or 1 year, which is a very wrong idea. As a result, they end up losing more at that stage, it is very normal for the market to have ups and downs, and due to this volatility, Bitcoin can naturally dump in the short term.
It is very difficult to make short-term profits from Bitcoin, although it is not impossible to make short-term profits, but the possibility of it being pumped in the short term is very low, which is much more likely to be pumped in the long term. That is why those who Those who know the real potential of Bitcoin, follow the DCA method and invest regularly in the long term, they never worry about the short-term volatility of the market, or they do not take profits by selling their holdings in the short-term pumping, their main objective is to create a large financial base in the long term.
There are also investors who will just keep holding for the next 10 to 12 years from now (without worrying about the price). And even if Bitcoin crosses $500K in the middle, they will not want to sell their holdings, they will want to hold there bitcoin for 12 years or 3 cycles to complete.
Only they will achieve such success in the future, and that success will completely change their lives and financial situation.
Those who will invest with the right knowledge and patience and hold for the long term, will be able to enjoy the real success of Bitcoin.