This is because of how people see and perceive Bitcoin after investment. First of all, they see it as a get rich quick scheme and allocate a timeframe to take profit from the investment. As long as they keep seeing it this way, they’ll be moved by every change in the market and their emotion will make them to take decisions that will not favour their investment.

Just like you suggested, invest and stop checking the market over again will give you more peace of mind and will not push you to want to go against the criterion for holding for the long term. Bitcoin for the long term is the best to save yourself from taking unnecessary risk just wanting to protect your funds from falling in value.

Holding doesn't necessarily translates to peace of mind
It has its roller coaster.
You holding through storms, war, Tariffs, not excluding during moons and hitting space.
You trust it would go up doesn't mean the drops are not annoying and don't bring some level of doubt.
When I do I just go to WO see how they fairing and use that to encourage myself.

@Lontor : Playing both sides kills the focus. DCA into Bitcoin keeps it simple without hedging against your own conviction.

@Ambatman : Exactly. The roller-coaster is part of it, which is why stepping away beats trying to micro-manage every dip.

You could have peace of mind based on the historic event of Bitcoin. Based on the Bitcoin cycle, one can predict when the price will drop and also increase. Traditionally, Bitcoin has increased during certain periods, like during the halving period. Investors simply buy, hodl, and sell when the price appreciates during that period. Having this in mind, tariffs,  wars, sanctions, and so on shouldn't cause much panic among long-term investors because they already have plans. There could also be plan adjustments if things don't work out as predicted.

I agree 100% because the intention of investing is not just trading, because the intention of investing is definitely long term, not just a few days, weeks or even months but a boring number of years, there is no need to buy waiting for the lowest price, it is just a hassle, the main goal is just to buy a little and do it consistently, I am sure that method will be 100% profitable, even though many people fail, maybe that's me

That's DCA that you're saying and everyone is always saying that. It's not going to need so much effort that they'll have to deal with from time to time.

They're missing the whole point of what stacking(DCA) is all about. No need to time the market and then also, just buy whenever they have the availability to do it.

They're going to realize that's how the main game goes rather than trying to catch it during the dips and when there's uncertainty.

That is not a wise idea at all, the best someone can do is to have some strategies like DCA to buy bitcoin. There are some time lump sum is good, but it should not be about tracking the bottom because to know the bitcoin bearish season bottom price can be hard to know.

But you said most people. How did you know that most people are doing it? Do not make assumptions when you have not statistical fact about something.

If we take a look at the foot steps of our early adopters,we will see that patience was a key factor to their success stories.

By patience, they simply logged off from their Bitcoin investment not thinking or bothering themselves weather the market was bullish or bearish. They were never scared if they woke up some day to find their coins worth nothing or less than what they bought at.

That is they kind of habit we should accommodate. Worrying over the market price only brings fear and uncertainty.

I am not very sure who is to blame today for this but back in the day when I was 'playing the wrong game' too I know it was Twitter that made every body think it is easy to turn Dollars into millions in only a few transactions.  It is almost like you have to go through it at least once and lose a lot to finally realize it is NOT easy, it is NOT safe and that while you were doing all of that someone else who was more poor than you simply held their Bitcoin and is now worth many times more than you.

A simple way to make someone realize this is by having them look at Bitcoin pairs instead of Dollar pairs.  Then you can see that every thing is on a descending trend except a few new Shit Coins that will eventually go descending too and.. Bitcoin.  But as simple as this is, it is very rare that they actually realize it as most of them are still living the 'I will be a Millionaire tomorrow' dream and still have to fail once to see it.

Yes.  So far in history all you really had to do to be ahead of everyone else was to get more Bitcoin and wait.  Eventually, most of them will lose pretty much every thing while you are only gaining more.  Both in Bitcoin and in Fiat value.

DCA is indeed a good strategy.

However, if people are willing to invest a bit of time, I think they can still get a higher ROI simply recognizing patterns of panic sales and exaggerated FOMO phases, i.e. where Bitcoin seems to be overvalued and undervalued.

A good idea is for example to analyze the long term trend of Bitcoin, which can be followed by estimating the line between tops and bottoms. The 200 week average price (SMA 200w) is an indicator for this trend, but it lags a bit. So you could apply a mathematical formula making up for this lag as shown here. This "adjusted long term trend price" is now in the range of 85-95k. I quote the image from that thread:



For those liking to investigate a bit more there's an interesting post by the user @virginorange where he explains how to create a model to "win against the trend":

Dollar Cost Averaging - can we do better?