Post
Topic
Board Speculation
Re: Road to 100k?
by
SuperBitMan
on 24/10/2024, 11:04:30 UTC
Also if they get bothered to much on pump and dump thing happening in the market then maybe it can really shift their attention then maybe question if DCA strategy is worth it for them. If they are really for long term then best to stay focus and continue to accumulate.

The choice is in each person's hands, if there are those whose hobby is also trading and are somewhat disturbed by the speculative pump and dump market conditions, they can also take profit by using the DCA Bot Spot Option, It seems that Binance has a menu. But, if for BTC the best advice after buying with the DCA method is to just Hodl.
Paying attention to the pump and dump of the market while investing is really annoying for an investor. To get rid of this annoying situation, you can reduce the habit of reviewing market listings. Because checking the price list while investing does not bring good things. When you are consistent in monitoring the market, the volatility of Bitcoin will cause you fear and you may withdraw from the investment, which you may later regret. So I think it's best to avoid looking at excess charts.

Looking at the market chart is not really a bad idea or bad thing per say, as a matter of fact checking the market is what makes an investor to be updated on what is happening. If I may ask how will an investor know if there's Dip if he or she doesn't check the market?. Well everybody have there reasons why they check the market and the only time the market will look annoying is when one invested for a short period of time or you are gambling it but if you are for long term you need not worry because there's going to be b a pump, so the advantage of checking the market is to know when there's Dip and also keep an investor updated.
When one is into a long term Bitcoin investment is not bad to check the market price, check the market price helps you to be updated how Bitcoin is going and if you have a reserved funds which you wish to use to accumulate in the dip you need to always check the market.
Even if you are using DCA strategy you can still choose to use your reserved funds to accumulate when there's a dip so check Bitcoin market price is not a bad idea.
Bitcoin traders always check the market price every minute and if as a long term Bitcoin investor you are doing same I don't think it makes you a trader however as a long term investor check the market once in a while will be more better since you know you are holding for a very long time except you want to add up your accumulation using dip, when you accomplish it I see no reason check the market again every minute.