many people jump into Bitcoin only after hearing about others making profit.
You arevcorrect many people dive into Bitcoin investment because they heard that people are making hudge profits from it which is not making sense, Bitcoin investment is not something you can just dive in and expect to make hudge profits within a short period of time, why because Bitcoin is not a puzzle scheme (get Rich quick something), Bitcoin investment is a game of patent and consistency you can only make reasonable profits from it when you accumulate a good portion of it and hold for Long team 4 to 10 years or more.
If you want to make more profit by investing in Bitcoin for a short period of time, then it will be trading, and if you want to hold Bitcoin, then you must hold Bitcoin for a long time. If you want to hold Bitcoin, then any investor must use the DCA method, then it will definitely help him hold it for a long time. If a person wants to keep Bitcoin for a long time according to his correct thinking and planning, then he needs to have a period of stability of
at least two bull runs (8 to 12 years). And if he allocates money for Bitcoin investment every week or month and collects it according to the DCA method, then he will definitely be successful in the end. Because if he invests Bitcoin according to the DCA method, he has a higher chance of success.
You are right in recommending a long term for Bitcoin investment but you later said that the term two bull runs is not really correct you should say at least two or three cycles. You should clarify what you really mean by stable period. There is no stable period in investing. You are recommending Bitcoin investment and long term DCA method. This method for Bitcoin investment is very correct and great for any people. With this method you will be able to accumulate Bitcoin regardless of the price and you will eventually succeed in continuing the cycles correctly. To continue accumulating Bitcoin through DCA method you need to build a backup fund so that in case of emergency you can solve urgent problems without having to withdraw your Bitcoin holdings.