Quote from: Bushdark on February 23, 2024, 04:43:48 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.

I don't expect this from you dude, why would you just conclude that a market holder do not need understand this basic about how the market moves. We don't need to be a blind holder per say, we need to keep utilizing new strategy to know when to buy and when not to buy.
There are many mistakes most holders mostly make because they do not understand the market at all.
I would not advise someone to invest in Bitcoin when they don't know when to buy and when the market is overbought and about to dip.
This basic knowledge is important for us to understand the market behavior and determine how we are going to trade in the market. This just a shallow knowledge about the market.

There is a saying that no knowledge is a waste, which means I agree that it will be beneficial to know the basics of graphs concerning market movements. But I understand what Hatchy is saying about long-term holders not needing these daily updates about Bitcoin market movements. Many long-term Bitcoiners have more than one year of investment plans, so it will be a waste of time to monitor the market daily. Daily movement of the market is irrelevant to them because regardless of what the position is, they are sticking to the plans. It is good to learn about these graphs but I think it will be more beneficial for traders and short-term crypto investors.