Absolutely, it is better if one are embarking on Bitcoin investment you should prepared your mindset I think this is the mentality of people who need when it comes to Bitcoin investment if one are trying to observe every pump sometimes it can easily make one losses his interest, yes I trust the long term run potential if people are constantly reacting to every price of Bitcoin it will be very difficult to make a decision that will not jeopardize your Bitcoin investment.
I think everyone should follow these things. However, there is no problem if no one reacts when they see the price rise and fall. That is, it is important not to make decisions based on every short-term price fluctuation, but mental discipline is equally important for a long-term Bitcoin investor. Therefore, before investing, determine your time frame and risk tolerance. And invest in Bitcoin with money that will not be needed in the short term. And if a specific strategy like DCA is planned, it will be helpful for long-term investment.
You are right, when you are planning to hold for a long period of time, I think you will be very little worried about how the market is moving, especially when you are using the DCA strategy. The only thing a long time holder who is using the DCA will only be panic about when there Is a Dip is how to buy aggressively, other than that they are mostly relax, because they know there is always a bounce back after a Dip.
If you have a long-term plan, you don't need to be anxious about market fluctuations. But there is no obligation to panic and buy more when you see a dip. A dip itself is not a plan, it is just a market situation. If someone does not have income, expenses, urgent needs, family responsibilities and reserves in advance, then encouraging them to buy more may not be the right decision.
In my opinion, one should save Bitcoin according to one's ability. If one has discretionary income after meeting all expenses, then it is best to buy regularly from that part. If someone has excess reserves, then he can definitely buy more during a dip. But that is not out of emotion, but as part of a plan made in advance.
