⭐ Merited by JayJuanGee (1)
Hence, investors should utilize dips when they have the chance( not suggesting stressing of investment if they can't afford it )focusing on the price too much will only bring about late investors panic and selling their coins to someone who's ready to get it cheaper
...That's one of the things that makes investor commit mistakes in their journey @focusing on the price always. The effect of steady price watch can cost you errors of bad decision because you would be fluctuating when it comes to staging the right price to buy but if you have a steady flow chart of buying no matter the price then even the big dip that would come after the bull won't scared you infact that would even be a better opportunity to buy more but the fixed thought that covers all the motive is when you are fixated on not selling your coin anytime soon.
There's no problem watching the price , the only when there's problem is when you're checking the price on a regular basis which shows that your emotions are been put to the test, and one thing you have to know as an long-term investor, is that there's no right time to buy bitcoin, aslong you have the discretionary to invest and the basic knowledge on how to go about it , your literally good to go , investing in Bitcoin is not as complex as are most people paint it to be, is just all about discipline and principles.
Its normal to check the price since there are so many sites give us a glimpsed on what is the current figure of Bitcoin. Because somehow we could still get some update on the price of Bitcoin since we are regularly accumulating. For sure we could see the current value of Bitcoin on exchange. The only problem there if they are unstable and easily get panic when they see a dump. But this emotion only occur with newbies so maybe people need to erase this in their mind and just think about it that they can always take advantage with the dump happening.
For example right now we see the current value at $97k as of this writing instead of getting afraid for situation and dump their Bitcoins they could take advantage on current things happening and accumulate at that price level. There's huge chance that Bitcoin would recover and cross again at $100k+ again. If they won't take any action for sure that they provably regret not to buy when this current figure show up.
Bitcoin investment and applying DCA is really easy, we don't need other complex matters just to make this to happen. Its our patience and guts to start so that we can make everything work out according to our set plans.