Quote from: Shadiq on November 28, 2024, 12:06:45 PM

Quote from: cryptoWODL on November 28, 2024, 09:39:20 AM

Basically many inexperienced investors lose confidence in themselves by constantly watching charts. By constantly monitoring the charts, they constantly observe the rise and fall in the price of Bitcoin. As a result, they doubt that the price of Bitcoin could fall further. But those who have properly reviewed the history of Bitcoin's price rise will not lose confidence in themselves or even be motivated to sell the investment. Investors should keep in mind that investing in Bitcoin is the safest and it will eventually grow to a much larger amount.
Recently the President of El Salvador, Nayib Bukele, said that,

Quote

🇸🇻 NAYIB BUKELE: "Stop looking at the chart and enjoy life. If you invested in Bitcoin your investment is safe and its value will grow a lot" 💯

https://x.com/TheBitcoinConf/status/1861782130860204116?t=-CgtY5ioDVc8gGBihvh7Dw&s=19

Although I trust Bitcoin and I am a new investor. Sometimes the volatile market conditions scare me and ruin some enjoyable moments. That is why I try my best to stay away from the charts because I cannot control myself, as much as I say here that I have full confidence in Bitcoin but being a new investor, it is not easy for me to handle all the market conditions. But I am not so uncontrolled as to sell the investment, which is why I am staying in Bitcoin. Nowadays I rarely look at the charts and try to stay busy enjoying life.

You could say that looking at the charts makes you more experienced and smart about the markets, but it doesn't work for everyone. So I don't think it would be right advice to advise a newbie to focus on the charts.

There's no need to be scared of the volatile part of bitcoin, and this is where the DCA strategy will help you a lot in accumulating bitcoin without being bothered or scared by the volatile part of bitcoin. As a newbie, the DCA strategy is the perfect strategy to use when accumulating bitcoin because it allows you to consistently accumulate bitcoin either on a weekly or monthly basis when your money is readily available. The DCA strategy will also help to control your emotions because you will not be moved by the volatile part of bitcoin since you will be accumulating bitcoin at different prices, which will allow you to accumulate bitcoin even when there is a dip and it will give you the opportunity to take advantage of the volatile part of bitcoin.