If you are new to Bitcoin investment, you should always keep an eye on the market position
This comment of yours will mislead newbies a lot, because It was never said any where that newbie investors should turn themselves to watch dogs by keeping an eye on the market position, only those newbie investors who don't have long term mindset for bitcoin will be keeping an eye on the market position for them to sell and take profis, which is very wrong for newbie investors to be selling off their bitcoin investment at early stage of accumulation. As a newbie bitcoin investor with long term mindset turning yourself to a watch dog by keeping an eye on the market position will profit you nothing, rather focus on the on going bitcoin accumulation using the DCA method and hold them for long term 4 to 10 years or longer for that is the best way to approach bitcoin as newbie investor to enable you make reasonable profits.
Yes, you are right. There is no need for a new investor to watch the market. This will only make you a watchman. If you just stand on the bank of the river and watch the river, you will not be able to learn to swim. Rather, to learn to swim, you will have to get into the river and take real training to learn to swim. Similarly, if you just watch the Bitcoin market, it will not be possible for you to invest or learn to invest at all. You have to enter the market, then you can enter into investment without any delay and start learning to invest. Just as it is necessary to know the basics of swimming before learning to swim, similarly, it is necessary to have basic knowledge of investment before entering into investment. Then along with investment, you will be able to acquire skills in investment and keep trying to educate yourself.