Quote from: Hamza2424 on February 21, 2024, 09:55:41 PM

Quote from: Hatchy on February 16, 2024, 09:49:57 PM

Quote from: promise444c5 on February 16, 2024, 09:38:40 PM

Code:

DYOR

All these won't be necessary for a long term holder so I will replace your quote with

Code:

HODL

. a long term holder have no reason to learn about market movement or charts although no knowledge is wasted you can just glance through it but there no need to stress on it. Only a short term trader would really need to know more about the charts and market movement.

Well, I would like to make some corrections here, price action and chart reading are important weather he's a timeframe trader or an investor with a long timespan vision, because without chart reading you cant make good entries.

Price action helps a lot in the efficient of the trades while making an entry in the market or taking an exit. Why and How I think you should know it as well.

You are right, but a long term investor, who only believes in accumulating bitcoin through DCA method, does not need to know how to read charts, because he buys bitcoin irrespective of the price of bitcoin at that moment. It is only traders and short term investors that needs to know how to read chart. Even when they know how to read charts, that does not stop them from running at loss, when they make the wrong decision in the market.

I see learning on how to read charts as a waste of time because I will never think of trading, but rather how to buy and accumulate butcoin bit by bit through DCA for a very long time, with ease and rest of mind.