In fact, those who follow DCA and invest in Bitcoin never pay attention to whether the price has decreased or increased. They only think about investing in Bitcoin regularly. From discretionary income investing in Bitcoin for a long time is the best way . As a result, there is no risk and financial tension. There is no mental instability because they do not care about the price of Bitcoin. Many people wait to buy at the dip. They actually miss the opportunity. The price of Bitcoin has increased over the past few years. Among them, those who saved money to buy at the dip and did not invest have basically lost. They have missed the opportunity. So start investing as soon as possible with the mindset of investing for a long time.
Yes, I largely agree with your assumption. But you need to know, bitcoin investors who do DCA, does not mean they do not care and never pay attention to the price. But they actually have full confidence, that whatever the current bitcoin price is, when compared to the next 10 years it is nothing. That is why people who do DCA on bitcoin are very confident in buying bitcoin regardless of price. So it's not that they don't like to see bitcoin price movements, but people who do DCA on bitcoin, the point is that they really have made up their minds to accumulate at a predetermined time, whether the price is going up or down.
Then talk about mentality or tension. I think most people who invest in bitcoin using DCA will definitely still feel what is called tension. Because in my opinion it is a natural trait possessed by humans. But it is true, when investing in bitcoin using the DCA strategy, it does feel much more comfortable than using other strategies. Because basically DCA is a periodic purchase strategy, so it will certainly make our purchases vary in price. And in my opinion, it is enough to make ourselves feel more comfortable.