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That should be true, but I think some investors who intend to hold Bitcoin in the long term also often look at Bitcoin price movements to be able to enter at the lowest price to get the best price so they can accumulate more Bitcoin.

Waiting for price to drop before you buy is not an effective and recommended way of going about investing in Bitcoin because that could lead to a lot of problems for you. First you may never know where the bottom is since the price fluctuates so much, hence you will end up in confusion on which low to buy and eventually end up not buying. Secondly, if price refuses to drop within the time you have the funds to invest and you increase the waiting time, there is high chance that you might use the money for another thing that is not Bitcoin investment, you know how money is and how easily you can spend it. This is why it is better to adopt a continuous buying method like the DCA that does not care about the price but only focused in buying Bitcoin weekly or monthly as it will be convenient for the investor.

[Edited out]
While some people think it's best to wait,

Many of this folks that keep waiting for Bitcoin to dip even further before accumulating usually do so because they lack basic knowledge about Bitcoin and its market cycles. Honestly speaking, if such a person is eventually pressured into accumulating Bitcoin, he/she is more likely to panic and sell off the very moment the market enters a bearish season and prices start dropping. That is why it is very wrong to force anyone into Bitcoin accumulation without first helping them understand what Bitcoin is all about( The basic knowledge about Bitcoin).Accumulation should go hand in hand with knowledge no doubt but having a basic knowledge about Bitcoin is very crucial before starting coz it gives one the patience and conviction to hold and even keep buying, regardless of whether it is a bullish or bearish season.

If one does not have an idea about the benefits of holding Bitcoin, then he will never be able to appreciate it. There are many who make this mistake consciously. They think that if they wait for the dip and get the opportunity to buy from the dip, they will be more profitable. But it turns out that if Bitcoin rises, they cannot buy Bitcoin anymore. Moreover, if the saved money is not invested, it is not possible to hold it because there is a high possibility that the money will be spent for any reason. Certainly, those who wait for the price of Bitcoin to decrease can quickly give up their holdings if they see a slight negative impact on the market. They panic and sell in short time. So, if they cannot change their attitude, they will also be prevented from holding Bitcoin.