Most of the guys who wait for the fall are not able to invest. Because when they face their desired fall, they think that there may be a bigger fall in the market or are not willing to buy because of fear.
Any of the investors who wait for the fall of the market before they should invest are not a really investors, because I think wait for the market to drop is just wasting of time even if they purchase Bitcoin when the market is high will not stop them getting their profits form the investments.
You are right that those who wait for the market to fall before starting to invest are not real investors, those who wait can be compared to traders. Real investors never wait for the market to fall, they are ready to buy at any time.
I have noticed that when Bitcoin was at $126k, some people were still waiting for the fall. Currently Bitcoin is down about 50% from its ATH but some people are still waiting for it to fall further. Although it is not possible but I think if Bitcoin drops to $10k then some people will wait for it to fall further, so those who wait for the fall will never be able to invest. So instead of waiting, it is wise to continue investing using the DCA strategy.
Youre right about those low coiner or no coiner that wait on the dip before they begin accumulation, the fact here is they can never tell exactly where is the market will reach an abrupt U-turn so they keep on waiting endlessly and missing out buying opportunities, exception of those person that have a price target set aside hoping for the dip to trigger it so they start accumulating, but that as well might not end up happening when the market doesnt dip to their expectation.
For folks that wait on the dip so much, itll get to a point if the market continues to dip or get to your assumption of $10k, theyll end up saying bitcoin is losing it value, that itll be a deliberate risk investing on it.
But not all that wait on the dip before investing you should tag as no real investor, therere some investors that have gotten a very large portfolio in Bitcoin and/or theyre about to reach their accumulation target then decides to prioritized the dip strategy whenever they want to accumulate Bitcoin. In essence, you dont generalize the saying that all that wait on the dip are no real investor, but when a newbie or beginner tend to wait for the dip that when it becomes wrong.