Quote from: Miles2006 on August 20, 2025, 04:49:48 PM

Quote from: Zackz5000 on August 20, 2025, 12:41:55 PM

Quote from: Finebone on August 20, 2025, 11:02:15 AM

Quote from: Lolipo on August 20, 2025, 09:23:06 AM

It happens, I think Bitcoin goes with dollar exchange, and we all know that dollar rate is not stable. Soon one dollar will amount to 2000 in the local market and we all know this might affect Bitcoin market, some persons might be afraid to even buy. But I think the most important thing is to buy the Bitcoin then monitor the market.

No, no, this is a terrible way to go about your Bitcoin investment, because monitoring of the market are for traders that thought they can outsmart the market blindly, which is the real reason you will hear that traders are losing money in the market, but they will never admit to their losses, moreover why putting yourself under tension that will not end well due to short term thinking. Investment in bitcoin is mostly suited for long term, so their is no need in monitoring the market as you said because their is no benefit added to it, plus the tension you will get due to volatility.

It is not only traders who monitor the market and monitoring the market doesn't make you a trader unless such investor is regularly cheeking on the market to see when there is an increase so they can sell out, there are investor who monitor the market to accumulate aggressively or accumulate more Bitcoin when there is a dip and still continue with their DCA strategy so will say you are wrong by saying that monitoring the market is for traders.

The word monitoring in this term simply means checking the market on a daily basis, if I may ask why should an investor monitor bitcoin price other than the fact they want to sell for quick profit. I might be wrong by trying to generalize this act but, majority of investors who look forward to bitcoin price fluctuation wants to either buy and sell. In what ever way an investor chooses they might get distracted in process by mere studying the price meanwhile traders at the other hand are not even knowledgeable to the point where they can get a good return basically trading is unpredictable and no amount of knowledge can guarantee, if an investor wants to check the price then buy and hold for long term that’s totally different from monitoring the market.

It is in your own mind set that monitoring the market are done just to sell out if i may ask you why do business men always go to their business point to see how their business is going in the hands of their sells workers? There is absolutely nothing wrong cheeking on your investment to see how everything is going.
Both investors and traders monitor the market for their own different reasons so if an investor keep putting an eye on his investment doesn't mean he is doing that so he can sell when the market has drop or not some people feel happy when their investing is doing well and add more Bitcoin to their portfolio when there is a dip believing there will be an increase in the future.