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The main thing is to never sell, just only buy, market declines are buying opportunities, but most investors make the fully opposite decision at this time, instead of buying when the market declines, they panic and decide to sell. And when the market rises again, they will just regret for the selling at that time.
I won't use the word "never," but yeah, the strategy is to
hold all through your accumulation stage before you start taking some profits (this could take several cycles). Nevertheless, whether to sell or not, and whether to take profit or not, shouldn't be the main concern for such a person, rather, the focus should be on
buying continuouslyuntil that such level is reached.
I am surely not opposed to the idea of checking the bitcoin price on a regular basis, even if earlier investors who are likely to be mostly employing DCA would not necessarily change their BTC accumulation strategies (that are focused mostly on just regularly buying bitcoin) based on BTC price moves.. but their is nothing wrong with monitoring BTC price dynamics and/or changes and/or even keeping a spreadsheet that shows BTC prices changes over time.
Sure, it's not a bad idea, but apart from the accumulation strategies they might want to employ, some of these folks and newbies can't withstand the pressure that price movements create at times. It might actually look fun to watch it rise, but with a little decline, the story changes. So the best thing they can do in ssuch case is just to ignore the charts (not totally though ) and focus more on what needs to be done which is buying .