I agree with your points that many investors buy Bitcoin without understanding the risks in the hope of quick profits. This tendency is common among new investors. When the market falls, they panic and sell. This is a very natural and recurring human reaction. The DCA strategy is good advice and it is a very effective and good strategy for moderate risk management. It reduces the stress of investing.
However, I think there is a place in your comment that needs to be thought through. What you said, 'in the next two to three years, it will grow more than we expected'. Although this comment is very optimistic, from a real investment perspective, I think it is a prophetic guarantee that should not be given. Because the market does not give any guarantees. Even though Bitcoin has increased many times in the past, none of us know what will happen in the future. Therefore, we should think based on possibilities, not on certainty. 'The price may increase', 'history shows that there is a possibility of growth' sounds more reasonable. Any statement about the future or "prices will go up more than we expect" can be misleading for new investors. We should invest based on probability, not on the certainty that prices will go up.
As you said, if we only consider the risk to invest in Bitcoin, then we will never be able to invest in Bitcoin because Bitcoin is as risky as it is profitable. In that case, we have to invest in Bitcoin in the hope of profit, which is only possible when there is time, because we can never wait for Bitcoin to dump. This is a bad habit because due to this habit, you will not be able to buy Bitcoin at the right time. As time goes by, you will lag behind because you are thinking more about the fall in the price of Bitcoin and it is taking you back. When this lesson comes to you, you may regret it later because you had the opportunity to invest but you did not invest. We can never determine the price of Bitcoin, but we cannot let time get ahead of us because time will not sit still for any of us. In that case, we have to be properly aware to invest.
Taking risks can be a very terrible decision bit then taking calculated risks is more safer, now bitcoin investment is a calculated risk worth taking, it has a process and if followed accordingly would always yield profit in the future,
It's far better than investing on ponzi scheme or buying shitty coins that manipulated by their project owners.
Well, there's still time for anyone that's interested to buy and hold bitcoin it's never too late, although the prices have appreciated so well but it's not a problem since the new investors can DCA for a longer period and make lots of profits, if one can start holding bitcoin from now till like a decade or so then they won't even feel they missed investing when it was cheaper than now, the price of bitcoin would keep going higher, the signs are there so there's still lots of opportunities to make good profits with bitcoin.
You may be right in your opinion. But what I understand from seeing the posts of the experts is that it is not right to invest more money than the discretionary income in Bitcoin DCA method regularly. If someone wants, they can invest aggressively, for example, they can invest 100% of their discretionary income. This is their personal matter. But if they invest more than this, they have taken a lot of risk. It will not be invested then, it will be like giving money in gambling.
Investing in Bitcoin for a period of 10 years is definitely a very good arrangement for its security in the future. But I think two things should be kept in mind here, that is, in the case of long-term investment, the one who has started investing should never feel that he is investing too much. According to the plan, he will buy Bitcoin regularly so that he never feels mentally unstable after buying Bitcoin. And he can continue investing for a long time. Another thing is to keep a balance between his Bitcoin purchase and his regular income so that the possibility of falling into financial problems in the future is less. And he should give enough importance to the issue of reserve fund, emergency fund. And he should definitely maintain all these funds and invest in Bitcoin.