Bitcoin is not something we might buy now and expect to become rich tomorrow. It is a long term investment, and anyone who wants to profit from it must be patient and not panic when the market falls. The fact is that Bitcoin price changes all the time, and this is normal. However, if you panic and sell quickly, you might lose more than you gain. Real investors realize this and remain calm when prices fall.
Buying bitcoin as an investment and then doing DCA once its falls, is a good tactic but good investments are those which are done at suitable times. We had 2 years of pure bear market and it was the best time to accumulate between 15 to 50K. Those who have invested money in bitcoin once it was below 50K, those people must be in good gains these days and still holding.
Now i would not ask anyone to accumulate bitcoin near the all time highs (specially those who do not have extra money) and in times where we know the cycle may end in a few months. For fresh investments, maybe one can wait for a year or so and then he can get better prices to get into bitcoin. For those holding bitcoin, they should keep holding and shouldn't sell early there is still chance that bitcoin may 1.2x to 1.5x from the current prices.
That's a wrong advice advise mate, because bitcoin can be bought anytime be it during the bull run or the bear market. The price at which we want to buy bitcoin shouldn't be our priority but our priority should be having a bitcoin target to accumulate and work towards that path.
Are you saying that a new investor who is a no coiner should keep on waiting till the bear market when he is on a long term bitcoin investment journey. No matter the price that you accumulate bitcoin, you will still be in profits in the long run as long as you are only buying and hodli for 4010 years and above because bitcoin price increases overtime, so why do you want new investors to be waiting. This is misleading and not the right way to go about building a good stash of bitcoin portfolio for your future. It's only traders that wait for the bear market o buy and sell during the bull run.
DCA has proven to be a good accumulation strategy which gives investors the opportunity to build and keep their bitcoin investment ongoing overtime without timing the market. Don't forget that the size of your bitcoin portfolio is what will determine your profits in the future which is the main reason for new investors to start and continue to accumulate as many bitcoin as possible till they reach their bitcoin target.