Checking the Bitcoin chart and analyzing it can easily lead an investor to become a trader. This happens because constantly monitoring the price of Bitcoin and analyzing the chart can create negative thoughts, such as: What if I sell when the price of Bitcoin increases to a certain amount? What if I sell when the price decreases? Thoughts like these can cause an investor to lose their funds by trying to follow unpredictable patterns.

One critical issue with someone who is always checking and following the chart is that they may stop investing consistently, such as using the DCA (Dollar-Cost Averaging) method. Instead, they might procrastinate buying more Bitcoin because they expect the price to reach a specific level based on their chart analysis. As a result, they may wait indefinitely for an ideal price that might never come, which prevents them from accumulating Bitcoin effectively.

For an investor who genuinely wants to accumulate Bitcoin quickly and efficiently, it's crucial not to fixate on the Bitcoin chart or overanalyze. Doing so often leads to discouragement because charts can be misleading and make you miss good opportunities. The ideal strategy is to stay consistent with your investment approach and avoid letting short term price fluctuations dictate your decisions.