You should follow the Bitcoin market constantly, because if you are not constantly reflecting on the market, you will not be able to focus on investing properly. Especially when investing in DCA method, market research must be done, especially as regular investment will attract newcomers more. A new investor can participate in repeated investments to grow his portfolio only through the DCA strategy.
NO. The DCA method does not require you to check the bitcoin price all the time. As an investor who is using the DCA method to invest in bitcoin, you can continue investing until the time you want to stop. If you say you must check the market all the time, that means there is a certain price that you want the bitcoin price to reach, and you will stop investing. If you want to invest, just have a long-term investment plan and continue doing that using the DCA method, as it is the best method of bitcoin investment. After a long time of waiting, you will gain enough profit from the investment.
This aspect caught my attention, if you are investing, then its very important that one should have a target time for the entry as well as the exit, because you cant just jump into investing without considering for the perfect timing suitable for you, that is why some will first ask if they are to go for long or short before knowing their entry point for investing on bitcoin, though this also have to do with the market season, as just with what we are having now, we can see how volatile the market is everyday rotating round $50,000 and $60,000 and this is for us to sit and speculate well in other to know what decision to arrived at with the way of the market performance before starting, then we will have an idea of either going for a long or short time investment.
This is another season/opportunity to increase my investment in Bitcoin. Because the market is now low, I don’t is right time to consider exiting. As an investor, the smartest thing you can do right now is invest as much as possible to build up your bitcoin holdings.
After this period, you can decide whether setting your target is simply investing rather than leaving the market. However, given the current market conditions, I would rather make a long-term investment plan than a short-term one because I want to earn a good profit, and because I purchased it at a cheap price, I will wait a long time until the market has risen significantly before selling.