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?
Actually I don't think monitoring or always checking the Bitcoin price is an addiction but however in as much as most people advise to invest and not monitor price of Bitcoin there are also other investors who get there investing inspiration from checking the Bitcoin price because as an investor in one way or another we have something that motivate us, so considering it that way we shouldn't blame those that check price at times.
Perhaps when we talk about emotion on investment, I think each individuals tends to react in different ways if they are checking the price of Bitcoin and is moving opposite direction, it doesn't necessarily mean that an investor could easily be affected emotionally if watching the price, so is totally depends on individual to no if it affects them or not and you could abstain from watching it if it does.