People look at the value of Bitcoin for a number of reasons. Paying attention to the Bitcoin market does not mean that recruiters sell Bitcoins. Checking daily prices means finding a very good time. This reduces the stress of long-term holders and increases common sense and motivates them to invest in Bitcoin, as well as they can relate to market dynamics. Bitcoin market is very volatile in nature, it can go up in a short period of time and fall in an instant.
Bitcoin investment will determine your success in the future, and it will keep you safe from unnecessary risks and overtrading dangers.
Because Bitcoin is a long-term investment system. The consistency of profits should be measured over a long period of time, for example, month after month or year after year. A long-term Bitcoin investor has many dimensions of his personality, such as finding the ideal strategy, observing market volatility, choosing the right time and mastering effective trading strategies.
We see that although many have experienced a good return by investing in Bitcoin, it is also important to remember that past performance may not guarantee future results. Since Bitcoin is volatile, investing should always be done with caution and understanding the associated risks, so we always need to keep an eye on the market mechanism.
It is important to remember that every seasoned investor started as a beginner at some point.
If an investors purpose is to accumulate Bitcoin and HODL for a longer time there is no need trying to master trading strategy since his or her investment purpose is not for a short while you can use the DCA strategy to increase your Bitcoin portfolio since it will enable you to accumulate more Bitcoin weekly or monthly.
There is high risk in trading Bitcoin as it won't give you as an investor peace of mind as will be checking the market regularly which he might decide to at lost when Bitcoin price drop due to fear that it may continue dropping but for long term investor there won't be any need to panic when Bitcoin price drop because you are investing for a longer period of time.