As long as they are investing in bitcoin for a long term there is no need for them to be looking at the price of bitcoin to buy when they feel that it is cheap. It is mostly traders that is looking for when the price is low before they can start buying with the intention of selling when the price is high and there aim is to make quick profit. So if a long term investors begin to look at price of bitcoin before buying it is definitely a waste of time and they are depriving themselves the opportunity to acquire more bitcoin.
That's true talk bro. For the fact that you're a long term investors that knows the real value of holding, you are automatically free from the stress of constantly monitoring the market price and all of that. All you should be pretty concern of is how to be accumulating persistencely using your dca method without stress or the fear of buying at high rate, this method get you covered and lessing your pain in buying time.
Furthermore, only traders that are after quick profits does that which is not always sure. Perhaps, if we are to know the stress that's pretty involved in trading then you will understand why being a real time or a long term holder remains the real deal in bitcoin investment.
It is very difficult to succeed in short-time trading in Bitcoin. How is it in reality? I told you from your personal experience. Suppose you bought Bitcoin, after buying it, you waited for the price to increase in a few months, you will sell it, but you saw that the price is not increasing, but rather the price has decreased in a few months, you sold Bitcoin fearing that it will decrease further, and then you noticed that the price is starting to increase, you will regret it. Think a little differently. A person bought Bitcoin, he thought that he would make a profit in a short time and sell it. According to his thinking, if the price of Bitcoin increases, he would sell it within a few months, and then he noticed that the price of Bitcoin has started to increase even more, he would regret it. At these times, people start making decisions with emotions. When after selling, when they see that the price is increasing further, they start buying Bitcoin again and hope to make more profit. But after that, if Bitcoin takes a big dip, they suffer losses.
Even those who wait for a dip in the hope that it will take place are not easy to succeed. Since it is not possible to make a perfect dip prediction, many times one does not start investing by waiting for the price to fall, and many times one has to regret it after buying Bitcoin at a little dip and seeing the price decreasing further. Therefore, market timing will only create mental instability and reduce the chances of success. Therefore, in the case of investing in Bitcoin, DCA is considered the best way to continue with a long-time mindset on a regular basis. There is no problem with market timing here. It is also possible to reduce the risk a little. Since Bitcoin can be bought at an average price, one does not have to regret it in the long run. Even if the price seems to be low, there is an opportunity to do a bit of aggressive DCA which also helps by buying more sats at a lower price. However, one should never invest in Bitcoin beyond discretionary income...