I largely agree to what you said, but I don't think that it's wrong for a Bitcoin investor to check the price chart most times, because by doing so he might sees an opportunity to buy aggressively if he has the reserve funds to do so, because he can't be aware of the dip if he is not aware of what's happening in the market, so it's not a bad thing to monitor the chart, what's bad is doing it in excess, because excess of everything is bad.
As for the aspect of being emotional that you spoke of, i don't think it's possible for someone that is only thinking long term and knows the real characteristics of Bitcoin that volatility is it nature, so he will know that it will definitely recovers no matter how dip it fell, it's only a newbie investors that knows little or nothing about Bitcoin will be emotional and sell in panic, not someone that knows all it takes to invest in Bitcoin and be successful.
The reason why an investor should check the price chart almost every time shouldn't be about his investment. Most folks prefer to look at chart for fun sake, while some folks do it because they had an argument or discussion. For example the discussions we carry one here, is enough for an investor to look at the chart maybe to prove a point or something. But if he does that, because of his investment, then is is eventually jeopardizing his investment. Because only traders look at chart consistently, since they do not want to miss out of opportunity every time.
I don’t fully agree with your points. The reason why people check the chart from time to time is because they want to get some information out of it whether they should wait before buying or if it's the right time to sell. So, I don't think people do it for fun.in fact, checking charts often leads to studying the Bitcoin market, and that can lead someone to become a trader. As someone checks the chart and happens to get it right a few times, they will definitely start thinking about trying to trade one day.in fact, investors are not encouraged to constantly check charts, because from there, they might start practicing trading, which could tempt them to give it a real try.
The situation you mentioned is common for every investor especially beginners. Initially we only look at charts all the time but eventually we start trading, and even slowly move on to altcoin trading even though our primary goal is investing in Bitcoin. Furthermore frequently looking at charts also influences our emotions and psychology, especially when Bitcoin prices experience drastic increases or decreases. This can significantly impact our psychology, leading us to make decisions even though our intention is to hold Bitcoin for the long term. This is often the case for investors who constantly monitor charts which is a negative.
However there are also many positive benefits to constantly looking at charts, as mentioned. Ultimately this comes down to each individual's ability to assess their own self control. If you can't control yourself from negative thoughts it's better to avoid looking at charts frequently and focus solely on buying Bitcoin using the DCA method.