Those who wait for the fall can never do anything good. Because when the market price is high, they wait for the market to fall. And when the market falls, they think that the market may never recover. They are afraid of even small market drops. They do not have complete faith in Bitcoin. In terms of investment, you do not have to worry about the market price. Whatever the price of Bitcoin is, you just keep buying your Bitcoin until you reach your target. Keep buying until you can accumulate enough Bitcoin in your portfolio. And can you continue buying weekly or monthly using the DCA method. And should you try to keep your investment period between 2 and 3 circles?
Such a situation will indeed be an obstacle to buying bitcoin. Because I agree with your assumption, because people who are afraid when buying at a high price, there is a possibility that they will also be afraid to buy when the price of bitcoin is slightly cheaper. Because in my opinion this is caused by uncontrolled fear, thinking too much about profit, and not daring to take the slightest risk. I think people like that will not be able to invest in bitcoin calmly, because even though they invest, they are like traders who panic when the price drops. So this is where it is important to prepare a good mentality, cold funds, and planning so that their bitcoin investment is conceptualized. Because basically people who wait for the price of bitcoin to drop first to make a purchase, it can be said that they are afraid that they will not be able to get a big profit, or they are afraid that bitcoin will not experience a high increase. So with that, we can assume that people like that are just traders but disguised as investors.
One thing that I have known in this our short life that we are in is that people will always have a reason why they haven't done something or anything that they don't want to do, because procrastination has eaten them deeper than our imagination.
So in a situation like this, those Investors that feels like it's too high, so they can't buy then, will now be saying that they will buy when the price has comes down a little bit, but once the price of Bitcoin drop to a favourable price which they should have utilized, they will say that it's too dangerous to buy then, because the value of Bitcoin might collapse to zero, so it's very pointless trying to convince such people to invest because it's just a waste of time and energy.
So let's have it at the back of our minds that people will always do what they really want, if they really want to invest, they will, but if they don't want to, they will not because their will always be reason why it's not good to do it in their own eyes.