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.
Looking at the market is a totally different action from timing the market. When an investor takes a look at the market, he/she wants to know a certain thing about the market and to stay informed in his decision making. But to someone who is timing the market, he is literally doing that because he wants to know the exact/perfect time to buy Bitcoin which is nearly impossible if not completely impossible. With my level of experience, i have gathered from the knowledge i have. Looking at the market makes one to stay informed while timing the market is dangerous and it keeps one behind.