Quote from: Olatundespo on Today at 09:43:57 AM

Quote from: Mayor of ogba on October 25, 2024, 11:19:05 PM

Quote from: sotelorene on October 24, 2024, 09:59:13 AM

Quote from: Shadiq on October 22, 2024, 04:19:12 PM

Quote from: YUriy1991 on October 22, 2024, 03:34:05 PM

Quote from: ultrloa on October 22, 2024, 12:37:01 PM

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.

Both the people who are accumulating bitcoin for short-term profit and the people who are accumulating bitcoin for long-term profit are allowed to check the bitcoin market any time they want to know the progress of the bitcoin price. But when it comes to checking the bitcoin market to read and analyze charts, only those accumulating bitcoin for short-term profit are allowed to do that because it will help them predict the price of bitcoin so they can buy bitcoin at a low price to help them make their short-term profit, which they are not even certain will happen, while the long-term investors don't need to read and analyze charts before they can accumulate bitcoin. Since they are accumulating bitcoin for the long term, the DCA strategy got them covered because they will buy bitcoin at different prices, which will eliminate market timing.

I agree with you if an investor is making regular bitcoin deposits it is better not to need to watch price charts. It depends on the tendency to invest more or from trying to inform someone which can give peace of mind and sometimes during price declines it can create investment turmoil instead of own peace of mind. But I totally agree with the tendency not to look at price charts. Traders are more inclined to revisit price charts and are more interested in getting their short-term profits.

With the DCA strategy an investor can make regular and uninterrupted deposits of Bitcoin regardless of price movements, which allows him to make periodic deposits to increase his holdings without any price research.

People would be classified into two different groups on which into those who do really want to see profits in short time manner or to those people who would really be planning on holding their coins for long term years.
Its true that if you are really that going into that long term hold then it will really be that recommended that you shouldnt really be that always watching up on how the chart behaves when it come into those price movements, because on the moment that it will really be making out such dip or nasty corrections then you will really be that becoming that too emotional on which if you are someone whose really that not good when it comes to emotion handling then you are most likely be able to alter out your initial plans that you had set out. Its always that recommended that you should DCA whenever it do make out some dips.

Here's my lesson learnt based up on what are my experiences in the past.
1. Sell out my Bitcoin on bull run peak prices - (No one knows on the peak, but selling out those levels are considered high or profit)
2. When bear market hits - then this is the time that you do accumulate or make out some buybacks which making use of those profits that you had made out on bull run season.
3. Buy out or coins or try your best on making that having lower average buys as much as you could to have that maximum profitability.

For you not to be able to get that impatient, it will really be that better that you do not tend to make out those high unrealistic prices or being too far off.