I think it's too early to say or even conclude that Bitcoin will always increase, on the other hand it is a pretty good perspective in terms of more convincing ourselves of the accumulation of bitcoin that we are living, but on the other hand it will not always be like that, this is a market that in general will not always be in accordance with what we always expect and of course none other than that because of the risk opportunities that can suddenly befall us without warning.
Yeah that's true, is actually too early to predict what will become the price of bitcoin now because Nothing is certain in times of the price right now and even considering the halving that's yet to come so perhaps we shouldn't dwell more on knowing what the price of Bitcoin will be before the year will runs out.
Whether early or late, predicting the price of Bitcoin should not be taken as a priority. In my opinion what should be focused more on should be how to accumulate Bitcoin if we do not have enough to fulfill our quest before the next bull run. Look at how often Bitcoin price changes, it will be disappointing if the price eventually goes to the peak sooner and we do not have enough in our bag. Its really annoying when I see people claiming to be HODL but they cant get their eyes off the Bitcoin price, its literally the behavior of an investor who is dreaming of being a trader to me. Instead they should just gamble their fund rather be deceiving themselves.
Anyone who owns bitcoin may well have difficulties not watching the price, even if s/he is not trading. Of course, if s/he is DCAing then there may be less reason to look at the price, but if s/he is buying on the dip, then there might be some desires to try to figure out how much of a dip is enough of a dip. .which surely can lead to more attempts to watch the price and some times might even contribute to more emotionalism than would be preferable in the investment.. so yeah sometimes some of these people might end up wanting to trade rather than to consistently accumulate, so there can sometimes be some confusion and even seemingly contradictory/emotional behaviors that might not get better with trying to figure out which way the BTC price might go and maybe lacking some confidence in what kind of plan the person has in terms of BTC accumulation.
JJG, your contribution is valuable. I'm still wondering, based on your explanation, why some people prefer to trade or use other strategies when they know that checking the price often can lead to emotionalism instead of DCA, even though it's a safer approach. You know what? I truly needed this advice. I'm already aware that many people who regularly check prices are traders. However, some individuals frequently monitor the prices, even if they don't trade. Do you think this is a price checking addiction, and could it be detrimental to their investments? What are your thoughts?