To add to financial management in long term bitcoin investment is standing on business. If you stand on business about bitcoin long term you will not be cajoled to selling off because of bad cryptocurrency move or any influencers manipulation.
Bitcoin long term investment is like a managing a long lasting relationship with all the troubles, rumors you have to deal with.
You made a good point. If someone understands Bitcoin and believes in it for the future, they will not be worried if the price falls or if others say negative things about it. There will always be ups and downs in the market, but those who are serious about their investments will still be cool and continue to buy, that is how long term investors think. They do not sell out of fear or even based on what others say.
Sure it is an option to wait, but it is dumb.
Anyone new to bitcoin should get started investing into bitcoin whether it is $100 per week, $10 per week or some other amount that they believe is reasonable for their circumstances.
Waiting may seem like a good option to some people, but it is not. People who think, I'll wait for the dip before I buy Bitcoin, will keep waiting and waiting, and by the time they realize it, the price will have increased a lot. Look at it today, Bitcoin is trading at $118k, imagine how people who started buying early must be feeling now, they are smiling since their small investment back then has turned into something big. That is why I believe it is best to start small now rather than waiting for the right moment, which may never come. Sure, we don't need to start with something big, even if it's $10, $20, or whatever we can afford, just get started, consistency is the key, as those who waited and waited while others bought with little money every week are now regretting what they did.
In Bitcoin investing, being present in the market is more important than trying to time the market. The earlier we start, the better our chances of succeeding in the long run. Waiting may be an option, but it may cost us the opportunity of our lives.