Re: Buy Buy Buy or Sell Sell Sell?

As an investor, you have no business monitoring the market price; your main concern should be to accumulate as much bitcoin as you can. Although there is nothing wrong with following up on the price of bitcoin, the reason for this shouldn't be solely because of the bitcoin you have as an investment. You can choose to track the price of bitcoin to observe its historical movements. The truth is that as an investor you can't do without knowing what is happening in the market because the price of bitcoin is an integral part of discussions about bitcoin. However, for those who intend to hodl bitcoin, looking at the market won't make them sell because they understand where they are heading.

Yes, a Bitcoin investor must certainly focus on accumulating his Bitcoin, but monitoring the Bitcoin market occasionally is certainly not wrong with that action. Because, an investor must also know the development of the assets he has invested in, as well as Bitcoin.

Whether occasionally or not In my opinion I don't feel like monitoring the market is a wise idea, because most of this investors that get used to monitoring the market today Once have this mindset of doing it occasionally but at some point they became used to it, which is why most of them decide to sell off there bitcoin in panick, So monitoring the market is not supposed to be recommended here. However Bitcoin is now primarily regarded as a store of value, and also considering the uptrend of bitcoin, this is supposed to be enough reasons why we shouldn't keep disturbing ourselves in trying to monitor the market, for me I feel like monitoring the market is a waste of time regardless to how Investors choose to do it...........and for how long will you continue monitoring the market when you and I already know that bitcoin investment involves holding it for long term? I personally think that this method is only recommended for traders and not bitcoin investors.

When anyone starts seeking for immediate all-knowing about bitcoin, he is already having that traders mindset. Panic sales don't just happen in a day, this is a product of continuous market monitoring and speculative investment. Anyone who invest with the intention to Hodl for long, won't spare a time to watch the chart. A true understanding of bitcoin would allow you know that bitcoin volatility means that price that's up today could be down tomorrow and vice versa; it would also allow you to understand that no matter how long a market correction occurs, the probability of a new ATH is still extreme and could only be achieved in long-term holding.

Investing to monitor is exhausting and also a trading skill. Some investors with trading mindset would hardly survive in long-term bitcoin process.

You're quite correct but I disagree with some of your points. Monitoring the market might sometimes lead to discouragement in holding continuously for newbie and not an investor who has made up his mind and is discipline enough to stick to his target. Watching the market personally gives me an edge to buying the dip even while using the DCA strategy. That is mixing up two strategies to accumulate at a much better price. Though every investor with their preferences and the strategy that's best for them but I believe an investor who isn't determined and discipline enough can't hold bitcoin for long irrespective of them watching the market price or not, it all boils down to discipline. Without discipline no investor would stick to their constant accumulation or constant application of risk management, they’re likely to invest based on their emotions and investments with emotion usually don't last long.