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.
You are right as an investor it is not even advisable to be monitoring the market because you have no business with the market since long term is your target and monitoring the market can be so tempting especially to those who don't know or are not convinced within themselves that they are investing to hold for long term and there is no way this category of people will see a slight uptrend in the market that they will not take it and if they also see a Dip they will also be tempted to also sell even at loss because they doubt the potential of Bitcoin and once you doubt the potential of Bitcoin you won't go far in your investment no matter the discretionary you have because you will be selling steady.
I think if it was possible, people will not want to be monitoring the situation of the market, sometimes if it was possible for them to control the market they wound have done that, but the most important thing is buying and accumulating Bitcoin and getting started no matter what it would be the challenge, and trying to hodl for a full circle, and buying and holding aggressively with a desired goal of increasing our discretionary amount to be able to buy and accumulate more on a consistent basis, buying and holding bitcoin just have to deal with patience, when there is not patience I don’t think it would be possible to invest and hodl for a long term. And if it was possible for me to lock my bitcoin
somewhere I Wouldn’t have access to it until after
my desired accumulation goal of hodl for a long term after buy and accumulating that I would have done.