True, prediction really belongs more to traders than investors. As an investor, the main focus should just be on steady accumulation and patience. Bitcoin is too volatile for anyone to predict its exact moves, and most times people who keep trying end up either panicking or selling too early….
some people are just venturing into bitcoin investment without the Basic tools, and once you go into bitcoin investment without gathering some informations about how it works you will just be fucking around doing unnecessary things like market monitoring wasting time and later end up achieving nothing.
An investor does not need to know much before investing in Bitcoin. If he has the ability to invest for the long term, especially if he has a prudent income facility, then he can start his investment. Sometimes, spending too much time trying to acquire knowledge can exceed the limits of buying bitcoin. So if someone regularly collects Bitcoins according to his ability by doing DCA and at the same time he acquires knowledge about Bitcoin, then he will not panic. In the future, he will try to collect more Bitcoins. But when an investor tries to learn about Bitcoin without buying it, during that time, if Bitcoin temporarily falls, it can bring a big panic for him. That is why the step of buying Bitcoin should be taken first, after which a better idea about Bitcoin can be obtained.
It is not about knowing so much @Muba20 it is about some basics as @ejikeme24. However, the quality or quantity of knowledge about Bitcoin or someone's stance about Bitcoin is based on their sources of knowledge which in short or even in the long run affects and continues to affect their decision about Bitcoin.
First decision first "trader or investor or both?" these settles out what is needed and defines the direction to be taken.. There are basic knowledge required of a trader likewise an investor after which learning can continue on the go not waiting to gather what ordinarily can be accumulated along the road.
Someone's DCA approach can be a direct reciprocal of their source of DCA mindset, as even with DCA strategy some investors are still tempted to keep timing the market.