Quote from: Taskford on Today at 01:06:21 PM

Quote from: BlackBoss_ on Today at 08:28:08 AM

Quote from: Barikui1 on Today at 08:01:14 AM

Yea, it's true that reading and analyzing the price chart does not hurt, but your analysis should have no part to play in your decision in investing in Bitcoin because reading and analyzing the price chart are for traders not investors, our duty as a Bitcoin investor is to buy it once our discretionary income is available regardless of it price as at then

Why not, seriously may I ask you?

Nothing to be sure 100% even with Bitcoin, so even you are a long term Bitcoin investor and plan to have very diamond hands for holding your bitcoins, I believe that checking Bitcoin price chart is never bad. You are not a trader so you don't need to check Bitcoin price chart too regularly like daily, hourly, minute but let's say you must check it to know what is going on with the market and if a blackswan even happens with Bitcoin, you can exit your position.

It can be helpful if you manage your finance with a part for investment capital which is splitted into two smaller parts. One part is for your regular DCA and with this part you never mind about price. A second part is for dip buying and this requires you to check Bitcoin price for knowing when a dip happens.

Even if you didn't check the chart still you could see the latest price of Bitcoin so its no use to do it especially if your intention on Bitcoin is to accumulate then try to forget about it for a while.

But to be honest I don't usually check the chart now because I don't want to see something that can make me worried or bothered especially that we have a bearish trend which is somehow disturbing to see.

I just do DCA and will not bother to do unnecessary things.

Some knowledge is not necessary. Watching the chart could get you stressed out out patience. That is what leads to panic sells when you start imagining the price will not retrogress. A long term holder only cares about accumulation not the price. When you've set a given percentage of your Discretionary income for investment, you only push the buy button whenever you open your wallet.