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There is a certain value that come from both investing into bitcoin and also continuing to study bitcoin, without presuming that we know more than we know.

So any of us could end up becoming arrogant in regards to bitcoin, and we might end up losing our own focus in regards to how to build our bitcoin investment and to be able to continue to hold it and/or maintain it without causing ourselves to go crazy by the ongoing (and likely inevitable) volatility in the short-to-medium term. Volatility on the way up and on the way down can have stressful repercussions and some kind of a need for a plan in regards to how to deal with some of the extremes that should already be somewhat expected even though the extremes can frequently feel like they are exceeding expectations... so in that regard some needs to prepare financially and psychologically for happenings beyond expectations.

One thing I've learned in my short period of bitcoin investment is that dips and downward volatility causes higher panic when you don't investment with discretion. Also, buying by DCA also eases the stress of downward volatility since an investor seizes every dip to buy and has little or no time to think about the previous one bought at higher prices.

In my own opinion, what greatly cause panic among Investors is when they invest more than they can afford, like investing what they can't do away with, but when you invest only what you can do away with, and you are holding for a very long time, you will always be calm regardless of the market condition because you know that no matter what happens to the value of Bitcoin, it can always recover and rallies back on the longer run and even to a more better height, so as we are investing in Bitcoin, the best way to go about it is to invest only what we can do away without for a very long time.

This means that the investor has not yet fully acquired knowledge. You said that the investor invests beyond their means. But if you look at the investment rules, you can see that it is said to invest using discretionary income. Investment should not be considered a burden. Investment should be considered as your strength. There is no specific time to invest in Bitcoin because its market fluctuates rapidly. If you only want to invest in the deep, then now is a very good opportunity for you. Now if an investor uses the opportunity to invest beyond his means, it can be said to be his mistake. If an investor invests and has to break the investment within a few days, then he will definitely face losses.

In my opinion, it is important for any investor to gain the right knowledge before starting an investment. Bitcoin is not a get rich quick scheme by investing in the short term. Bitcoin is an opportunity to build your wealth by investing in the long term.

You will only get little fraction of Bitcoin if you keep only investing in Bitcoin during the dip and it's not a good method or strategy of investing into Bitcoin as an investor you are suppose to be accumulating Bitcoin at all season during the dip or not expecially for new investors who just started Bitcoin investment, accumulating only during the dip is considered as trading and it will delay your investment journey meanwhile with the DCA strategy you can accumulate Bitcoin at any price gradually increase your Bitcoin size either weekly or monthly and hodl for long.

Also gaining the right knowledge before Investing into Bitcoin is good but how long can you keep waiting to get the right knowledge for it is better and important to get started first and figure out more about Bitcoin investment along your accumulation process because if you decide to be waiting to get the right Bitcoin knowledge you could wait for ever without even getting what you want so my advise is that you should get started if you have your discretionary income ready and learn more along the line.

Of course. We cannot wait to gain investment knowledge. Because every moment is important for investment. I prefer to invest in the DCA method. But if someone invests beyond their means due to a lack of accurate information, they will not be able to invest for long. In a short time, the investment will have to be broken to meet their needs. Which can be considered a disadvantage for an investor. Most newcomers first start investing to earn money, later they realize that Bitcoin is not a short-term money-making scheme. And before they understand this, they start panicking after seeing the volatility of the market. As a result, they either stop investing or start investing excess money in the deposit. And both these things are harmful for any investor.

Therefore, I would request a newbie to start investing only after gaining proper knowledge about the DCA method and continue investing for the long term.