Quote from: Jewan420 on Today at 01:30:02 PM

Quote from: sotelorene on Today at 09:59:13 AM

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.

Looking at the market is not a bad or wrong idea. How can an investor buy Bitcoin without looking at the market? Looking at the market is not a bad thing for an investor but for a long term investor I don't think too much market review is a good idea. Short term or a trader is different, their main job is to review the market. But more market analysis of a trader and a long-term investor results in two types of factors. When a trader reviews the market, his skills increase and he gets a better understanding of market movements.

But I don't think a long-term investor needs to look at the market more than once or twice a day. Or even if he looks at the market three or four times a week to be aware of Bitcoin's position. But when you get too preoccupied with the price of Bitcoin, your goals can sink, which can prevent you from being consistent with your investments. I want to ask, since you are doing DCA or holding for long term and you have to buy series after a certain period of time no matter what the price, then why you focus on the market or review the market again and again? I'm not banning you from market reviews. You can review the market independently, but if you are a DCA investor I would suggest not to look too much and focus on buying.

That's right. Any hobby, including trading, is good when it is done without fanaticism. I know that many traders, due to excessive study of the market, begin to see signals in it that do not actually exist. They just want to do at least something out of boredom, and because the Bitcoin market, for example, is not very volatile. And this affects both the peace of mind and the deposit of such a trader.

DCA does not have these disadvantages. On the contrary, it has a huge advantage in that the DCA investor has a lot of free time, during which he can think about how to increase the volume of monthly investments.