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.
Yes, I have said in my reply, don't be too serious when looking at the Bitcoin market price because it can certainly disturb our concentration a little. But if you think that looking at the bitcoin price is not good at all and should not be done, I think your assumption is not quite right in my opinion. Because just think about how someone can buy bitcoin without having to look at the price on the exchange, and looking at the price does not mean buying bitcoin is fixated on the price. Because for example, people who do DCA once a week or once every 2 weeks, it is certain that when they accumulate they will definitely look at the bitcoin market price. So looking at the bitcoin market price that I mean is like that and not looking at it continuously every day or even every hour.
In addition, people who sell their bitcoins because they are afraid that the price will go down or because they have made a small profit, I think people like that even though they rarely look at the market, I dare to guarantee they will still make the same mistake. Because this context is basically about our mindset, the capital we use, and our intentions at the beginning when we want to invest in bitcoin. So don't blame it that it was caused by often looking at the bitcoin market price.