Well monitoring the market is not actually bad in fact monitoring the market has an advantage and a disadvantage which are;
1. It will help an investor to know when there is Dip, just imagine an investor who has been accumulating little by little and have prepared for the Dip, how would the investor know if there is Dip if he or she doesn't check or monitor the market
2. The disadvantage is that if an investor is not strong enough to withstand downtrend or the Dip of the market after investing, these kind of investors may be tempted to sell off the asset because of the Dip and these investors don't sell their holding because they don't understand ... but because of the level of Dip and considering how much they have invested the fear will be much.
~Snip
In my opinion, long-term investors in bitcoin should not always monitor the market, especially those who invest in bitcoin with a DCA strategy. Because by using the DCA strategy, bitcoin investors only need to buy every time there is a purchase, whatever the price (once a week or once every 2 weeks). However, for bitcoin investors who have a lot of free time, there's no harm in monitoring the market. But the problem is, if we often monitor the market, if we look at it from a negative perspective, it could have fatal consequences if, for example, we see the price of Bitcoin plummeting. Because it cannot be denied that sometimes our minds become anxious when we see the price of Bitcoin falling. Especially for investors who don't know the Bitcoin price cycle, these investors will definitely feel a little panicked if they see the price of Bitcoin falling. Therefore, it is okay to monitor the market frequently. However, we need to remember what our goal is to monitor the market frequently. Especially if we are long-term bitcoin investors. Apart from that, if we want to continue monitoring the market, we also have to be mentally strong, because believe me, frequently observing the market can hypnotize our minds.