New investors generally do not have a good idea about the advantages of long-term investment, and those investors are not aware of DCA investment. So, if through your discussion they know about the advantages of long-term investment and know about DCA investment strategy, then I think every new investor will invest in a long-term plan at the beginning of the investment and will maintain the continuity of that investment in the DCA investment method.
Now, what you said first that every investor in a new situation waits for the price of Bitcoin to come down relatively, it is natural for investors to do so because the lower the price of Bitcoin they can buy, the more the profit potential will increase if the price of Bitcoin increases later. However, we do not know how the market may change or at what point the market may go up again, that is why we have to invest continuously so that when the price increases, the investor has Bitcoin investment everywhere.
Look, reality and theory are not the same thing. You say, if everyone knew the benefits of DCA and long-term investment, then everyone would follow it. But do people act only if they know? Then everyone would be health conscious, go to the gym, and quit smoking! The reality is—when the market price falls, many people sell out of panic. Where is DCA then? Without discipline and emotion control, this theory does not work in reality.
And when you hear the saying, 'everyone will invest long-term' it seems as if all new investors think the same way. In reality, some are running on small incomes, some cannot take risks, some just buy out of FOMO. DCA is not possible to execute for everyone. So this generalization 'everyone will do it if they know' is a very idealistic thought.
And if you buy when the price falls, the profit will be higher it is logical. Everyone wants to buy at a low price, what is wrong with that? This is the natural instinct of investors. Rather, blindly 'buy at any price' — this advice can sometimes be dangerous for beginners. Because if the market goes down further, it is not easy to handle the mental and financial shock.
Therefore, investment advice should be given only after understanding the difference between real experience on one hand, and theory on paper on the other.