Looking back at when I started investing, I was purely a fundamental analysis guy. I first started with physical silver back in 2011 (and I am still stacking). I read about silver, I was convinced it is a good investment for long term, then I kept buying an ounce here and there.
When I started investing in crypto, I had pretty much the same mindset - just dca and hodl, dca and hodl. I started doing this more seriously in 2018 - it was a great year to enter crypto.
But I did not know almost anything about technical analysis, the blockchain technology, or the market cycles. I was fortunate to make gains, because of my patience and due to the fact I entered in the right time (although it was pure luck).
It is true that DCA and HODL can't go wrong in the long term. But the truth is, we can take much better decisions, the more we study technical analysis, as well as the market itself and what is driving it.
We are so fortunate to live in this time of free and abundant information! We have technical analysis indicators and tools for free! 40-50 years ago, people had to draw charts by hand and apply advanced mathematical skills, in order to get hints about what the stock market is likely to do next. Now we can do the same with a few taps on our smartphones! But a lot of us do not utilize these tools.
TA sounds boring, or complicated, but it is easy and useful! You can use tradingview for free, or your trading platform's built-in charts. With a few taps, we can see the RSI indicator and find out if a market is oversold or overbought. We can also add moving averages and see when we're about to cross one, which can prompt us when to buy or sell. And we are just scratching the surface.
Even yesterday - the market went below 30% on the RSI (oversold) and today we see a rebound.
There are countless free youtube videos that can teach you technical analysis and how to utilize indicators. There are advanced analysts who specialize in a particular market, creating free vidos on YouTube. Traders who will look at a chart live and give you a million-dollar info, for the price of a superchat. If you can get an edge to help you make better decisions - do it. Because most people won't , and they always end up losing money.
And above all - don't be greedy. When a lot of people get too greedy too fast and fomo in, the market sentiment may change rapidly from extreme greed to extreme fear, and that is when the rapid crashes occur. And the cryptomarket is driven by emotion more than any other.