Third, timing is also important. As the saying goes, time is gold. In investing, if the timing is wrong, even though we can still profit in the long term, in terms of time we lose so that often here emotional decisions play a role in making the wrong decisions.
Time is certainly important, but I still think that time in Bitcoin investment may not be a factor. Because we can enter the market at any time and buy Bitcoin at any time, this common sense may be in everyone. It is never right to delay Bitcoin investment because it takes a long time to create Bitcoin investment 4-8, 8-16 years or more. If we have this idea, we will never delay starting to invest, but will start buying Bitcoin immediately. At the current level of Bitcoin, there may be nothing wrong with buying from this stage because everyone is investing for the long term, so any price of Bitcoin is within our reach.
We all know that bitcoin is for the long term, but when you invest without a strategy and knowledge, your emotions cannot be controlled so it is difficult to hold bitcoin in the long term because of the ups and downs of the bitcoin price.
If you are still unsure about Bitcoin investment strategies and knowledge then you don't need to recharge much with your strategy because you might get more confused with it so choose the easiest DCA strategy and start buying fractional amounts. Since you can already see that Bitcoin is a long-term investment, DCA is one of the most popular strategies for long-term investing today. Maybe this is not only my point because those who do not graduate much with investment strategies and knowledge can also use this method. The bottom line is that even those with very little knowledge to get started with Bitcoin prefer this method.