Buy Buy Buy or Sell Sell Sell?

[Primark]

Investor do check the market but not in the same way that traders do, when someone is observing the market always the person is said to be a trader and also people who look or check at market wing are pure traders because investors doesn't have time for all these things in the market because they are just interested at sorting their discretionary income and then purchase or buy at their appropriate time or their set up time which can be weekly or monthly.

Watching the price is not a bad thing as long as that price is influencing your plan. For example, if you plan to hold for 4-10 years or more and watch the price every day, there is no problem. But if you sell out of fear when the price drops by 20% or get greedy after seeing the profit, then watching the price is influencing your plan. In that case, watching the price can often lead you to trading. But if you try to understand your position by watching the price or watching the market conditions, there is no problem. Keep your long-term plan strong, then the price will not be able to influence you.

You sound lost @ icebar what makes you think that watching the price is not a bad thing? You seem to have forgotten that majority of those investors that sold Thier Bitcoin for short term did that as a result of keeping a close eye on the market because the pressure was much and they couldn't persevere so they decided to sell off Thier holdings due to fear of Lossing Thier money. Even though surely there might come a time when an investor might want to check if there's a good buying opportunity (dip) so as to know when it is time for them to apply some level of aggressiveness but not all the time maybe once in a while as these is the only reason an (investor) would give to prove that, there's need to check the market, anything other than this reason I gave here is pointless.

You should understand that watching the market price itself is not a problem. You will make your own decisions, the market will not make your decisions. The problem is when you start to determine the amount of purchase and control the entire plan based on the market price. How can an investor use a large part of his waiting money to take advantage of the market price? How can he be sure that the price will not fall further next week? That is why regular buying is advised as a main plan. Watching the market can be for information, not as a decision-maker. So if you can make your own right decisions, then watching the market price is not a problem.

[Agbamoni]

Investor do check the market but not in the same way that traders do, when someone is observing the market always the person is said to be a trader and also people who look or check at market wing are pure traders because investors doesn't have time for all these things in the market because they are just interested at sorting their discretionary income and then purchase or buy at their appropriate time or their set up time which can be weekly or monthly.

This is not supposed to be subject to argument because we all know that a long term holder checking the market is mostly for knowledge of where the market is and not to act on impulse like FOMO. This is different from traders that are constantly monitoring the chart with the hope of getting an entry or an exit. They are subjected to FOMO, taking quick decisions and eventual mistakes that result in losses. Investors and traders are different in every aspect and it is highly recommended to remain and investor as that is more reliable and does not involve much stress and mental load.

Exactly. The idea that people can't check the market is annoying. I expect anyone who has Bitcoin in a wallet to check the price of Bitcoin in order to be in track with the movement. However, it shouldn't be a means for them to start making decisions that will affect their investment by checking the price always. I guess that is why most investors condemn checking the price frequently. It can lead to temptation and that will affect the investment goal.

[Merit.s]

That situation will vary depends on the intent of the investor doing such actions. Maybe at some point we can say that those people doing such thing like buying Bitcoin consistently then have targets to sell in 10 years somehow close to trading, but I also think that this is more better action to do since 10 years is long conviction. Compare to those people doing actual short trades which this action they made is so risky.

I feel it's best to have a bitcoin target and plan on taking little profit when you have reached your over accumulation stage so that, you only sell little from the extra that you have accumulated. If you feel that because you have invested for ten years and it's time to take profits, you might end up selling too much bitcoin too soon and that will make you start accumulating all over again.

It's good that we prevent any actions that will put us in a low coiner state after accumulating a significant size of bitcoin to avoid regrets later. If you have even reached your over accumulation stage, you have to use the sustainable withdrawal method to take little profit from time to time either by having a price target that you can take profits if bitcoin reaches that price or a particular time to take little profit in order to keep your portfolio compounding profits ongoing.

Also in other point, those long term saver decide to sell their coins is not automatically a trader. Since sometimes there are real life emergencies that even our emergency funds can cover it. That's selling some of the coins we bought before is one of best options to do. If they already achieve the 10 years holding somehow we can say that their investment serves its purpose and they can decide to slowly take their profit if they really need it.

Of course, anyone that has reached his bitcoin target or over accumulation stage can use his bitcoin investment to serve as an emergency funds to take care of any real life emergency that occurs because it wouldn't affect his bitcoin investment size. But don't do that when you're still accumulating bitcoin in your early stage. Build your emergency funds and other backup funds for the purpose of real life emergency that pops up without our knowledge.

[Showlove01]

Investor do check the market but not in the same way that traders do, when someone is observing the market always the person is said to be a trader and also people who look or check at market wing are pure traders because investors doesn't have time for all these things in the market because they are just interested at sorting their discretionary income and then purchase or buy at their appropriate time or their set up time which can be weekly or monthly.

Watching the price is not a bad thing as long as that price is influencing your plan. For example, if you plan to hold for 4-10 years or more and watch the price every day, there is no problem. But if you sell out of fear when the price drops by 20% or get greedy after seeing the profit, then watching the price is influencing your plan. In that case, watching the price can often lead you to trading. But if you try to understand your position by watching the price or watching the market conditions, there is no problem. Keep your long-term plan strong, then the price will not be able to influence you.

You sound lost @ icebar what makes you think that watching the price is not a bad thing? You seem to have forgotten that majority of those investors that sold Thier Bitcoin for short term did that as a result of keeping a close eye on the market because the pressure was much and they couldn't persevere so they decided to sell off Thier holdings due to fear of Lossing Thier money. Even though surely there might come a time when an investor might want to check if there's a good buying opportunity (dip) so as to know when it is time for them to apply some level of aggressiveness but not all the time maybe once in a while as these is the only reason an (investor) would give to prove that, there's need to check the market, anything other than this reason I gave here is pointless.

You should understand that watching the market price itself is not a problem. You will make your own decisions, the market will not make your decisions. The problem is when you start to determine the amount of purchase and control the entire plan based on the market price. How can an investor use a large part of his waiting money to take advantage of the market price? How can he be sure that the price will not fall further next week? That is why regular buying is advised as a main plan. Watching the market can be for information, not as a decision-maker. So if you can make your own right decisions, then watching the market price is not a problem.

I disagree with you on this, in as much as I would like to agree with you that we have the right to make our own decisions I will also like you to understand or know that the market also has a way of influencing people into doing what they never expected or plan on doing before yea! There is how you look at the market or there is a time you will check the market if you don't hold yourself you will be pushed to do something you never wanted so don't undermine what the market is capable of...

[PhilosopherKing]

I agree with you. When talking about Bitcoin investment, it is definitely not right to talk about sure  success or guaranteed profit. And for a new investor, basic knowledge is enough to start investing. He does not need deep knowledge. A person does not need to fully understand cryptography, node, hash rate or technical programs to invest. He only needs to understand that Bitcoin is volatile, short-term profit is not guaranteed, and it should generally be started with an investment mindset of 4-10 years or more.

And financial management plays a big role in investing in Bitcoin. If a person does not understand his income, expenses, discretionary income, emergency fund, then he can easily make wrong decisions. So I would say, it is necessary to learn Bitcoin, but learning financial management is more important. With basic knowledge, a person can start with a small amount, such as weekly or monthly DCA. Later, as his income increases over time, he will be able to adjust the DCA amount. Huge knowledge may not be very useful at times, but investing with discretionary income through strong fund management makes it possible to hold for a long time without panic selling during market volatility.

When person have common sense and discretionary income,  then why then shouldn't they just get the fuck started instead of wasting their time? It is just so  pointless for person to be delaying theirself just because they want to learn about bitcoin first. Dude it is a wise choice for people to begin their ongoing investment no matter how little the amount is. It is very possible to.learn about bitcoin while investing. It is because investment gives real time experience to know about the market and how volatile the market can be. Person don't have to go all in yet when they first start their investments and because they are still trying ing to learn. Sothey can invest little by little what they can afforded to loose

[ChocolateBitcoinK]

Investor do check the market but not in the same way that traders do, when someone is observing the market always the person is said to be a trader and also people who look or check at market wing are pure traders because investors doesn't have time for all these things in the market because they are just interested at sorting their discretionary income and then purchase or buy at their appropriate time or their set up time which can be weekly or monthly.

This is not supposed to be subject to argument because we all know that a long term holder checking the market is mostly for knowledge of where the market is and not to act on impulse like FOMO. This is different from traders that are constantly monitoring the chart with the hope of getting an entry or an exit. They are subjected to FOMO, taking quick decisions and eventual mistakes that result in losses. Investors and traders are different in every aspect and it is highly recommended to remain and investor as that is more reliable and does not involve much stress and mental load.

Exactly. The idea that people can't check the market is annoying. I expect anyone who has Bitcoin in a wallet to check the price of Bitcoin in order to be in track with the movement. However, it shouldn't be a means for them to start making decisions that will affect their investment by checking the price always. I guess that is why most investors condemn checking the price frequently. It can lead to temptation and that will affect the investment goal.

Yes, actually, as a long-term investor, I also never agree with over-checking the price, thinking too much about the price increases panic in them. Since your goal is long-term, you have to ignore this short-term volatility with a long-term perspective. When we can ignore this short-term volatility and be more consistent in buying, then our long-term investment journey will become much easier. But yes, watching the price of Bitcoin is not a problem, the real issue is how we react to that information, if we react excessively negatively to the volatility, then it is a problem, but if we ignore it and do not affect our investment in any way, then it does not cause any problem.

[Crytohillss]

I agree with you. When talking about Bitcoin investment, it is definitely not right to talk about sure  success or guaranteed profit. And for a new investor, basic knowledge is enough to start investing. He does not need deep knowledge. A person does not need to fully understand cryptography, node, hash rate or technical programs to invest. He only needs to understand that Bitcoin is volatile, short-term profit is not guaranteed, and it should generally be started with an investment mindset of 4-10 years or more.

And financial management plays a big role in investing in Bitcoin. If a person does not understand his income, expenses, discretionary income, emergency fund, then he can easily make wrong decisions. So I would say, it is necessary to learn Bitcoin, but learning financial management is more important. With basic knowledge, a person can start with a small amount, such as weekly or monthly DCA. Later, as his income increases over time, he will be able to adjust the DCA amount. Huge knowledge may not be very useful at times, but investing with discretionary income through strong fund management makes it possible to hold for a long time without panic selling during market volatility.

When person have common sense and discretionary income,  then why then shouldn't they just get the fuck started instead of wasting their time? It is just so  pointless for person to be delaying theirself just because they want to learn about bitcoin first. Dude it is a wise choice for people to begin their ongoing investment no matter how little the amount is. It is very possible to.learn about bitcoin while investing. It is because investment gives real time experience to know about the market and how volatile the market can be. Person don't have to go all in yet when they first start their investments and because they are still trying ing to learn. Sothey can invest little by little what they can afforded to loose

Sometimes people fall into analysis paralysis and never actually begin, i think its smart to invest little while learning the basics. One don't need to know everything before one start but having a least a basic understanding can help one avoid expensive mistake. Waiting until one understand everything isn't realistic. Beginning with a little amount let's one study through experience without taking on unnecessary risk.

[Proty]

I agree with you. When talking about Bitcoin investment, it is definitely not right to talk about sure  success or guaranteed profit. And for a new investor, basic knowledge is enough to start investing. He does not need deep knowledge. A person does not need to fully understand cryptography, node, hash rate or technical programs to invest. He only needs to understand that Bitcoin is volatile, short-term profit is not guaranteed, and it should generally be started with an investment mindset of 4-10 years or more.

And financial management plays a big role in investing in Bitcoin. If a person does not understand his income, expenses, discretionary income, emergency fund, then he can easily make wrong decisions. So I would say, it is necessary to learn Bitcoin, but learning financial management is more important. With basic knowledge, a person can start with a small amount, such as weekly or monthly DCA. Later, as his income increases over time, he will be able to adjust the DCA amount. Huge knowledge may not be very useful at times, but investing with discretionary income through strong fund management makes it possible to hold for a long time without panic selling during market volatility.

When person have common sense and discretionary income,  then why then shouldn't they just get the fuck started instead of wasting their time? It is just so  pointless for person to be delaying theirself just because they want to learn about bitcoin first. Dude it is a wise choice for people to begin their ongoing investment no matter how little the amount is. It is very possible to.learn about bitcoin while investing. It is because investment gives real time experience to know about the market and how volatile the market can be. Person don't have to go all in yet when they first start their investments and because they are still trying ing to learn. Sothey can invest little by little what they can afforded to loose

There is no need for someone that has figured out there discretionary income not to invest in bitcoin and it is not reasonable. With the DCA strategy they can start accumulating bitcoin using there discretionary income and they can start with any amount using there discretionary income that they deem fit. Yes as a beginner they can use the DCA strategy to invest with any amount of there choice because of the fear of not going in all at once .
The best way for a beginner to learn about bitcoin is for them to be Investing in it.

[Shineup]

Investor do check the market but not in the same way that traders do, when someone is observing the market always the person is said to be a trader and also people who look or check at market wing are pure traders because investors doesn't have time for all these things in the market because they are just interested at sorting their discretionary income and then purchase or buy at their appropriate time or their set up time which can be weekly or monthly.

Watching the price is not a bad thing as long as that price is influencing your plan. For example, if you plan to hold for 4-10 years or more and watch the price every day, there is no problem. But if you sell out of fear when the price drops by 20% or get greedy after seeing the profit, then watching the price is influencing your plan. In that case, watching the price can often lead you to trading. But if you try to understand your position by watching the price or watching the market conditions, there is no problem. Keep your long-term plan strong, then the price will not be able to influence you.

You sound lost @ icebar what makes you think that watching the price is not a bad thing? You seem to have forgotten that majority of those investors that sold Thier Bitcoin for short term did that as a result of keeping a close eye on the market because the pressure was much and they couldn't persevere so they decided to sell off Thier holdings due to fear of Lossing Thier money. Even though surely there might come a time when an investor might want to check if there's a good buying opportunity (dip) so as to know when it is time for them to apply some level of aggressiveness but not all the time maybe once in a while as these is the only reason an (investor) would give to prove that, there's need to check the market, anything other than this reason I gave here is pointless.

You should understand that watching the market price itself is not a problem. You will make your own decisions, the market will not make your decisions. The problem is when you start to determine the amount of purchase and control the entire plan based on the market price. How can an investor use a large part of his waiting money to take advantage of the market price? How can he be sure that the price will not fall further next week? That is why regular buying is advised as a main plan. Watching the market can be for information, not as a decision-maker. So if you can make your own right decisions, then watching the market price is not a problem.

I disagree with you on this, in as much as I would like to agree with you that we have the right to make our own decisions I will also like you to understand or know that the market also has a way of influencing people into doing what they never expected or plan on doing before yea! There is how you look at the market or there is a time you will check the market if you don't hold yourself you will be pushed to do something you never wanted so don't undermine what the market is capable of...

There is nothing like you don't undermine what the market is capable of, while don't you just speak for yourself. There is are those who looks at the market yet it does nothing to them, let's say there they have already bought when they have their investment money and they are in for the long term looking at the market doesn't influences them in any way even if the market wasn't in their favor as of the time of their checking provided that their plans has not been achieved, this is to say not everyone can be influenced by the market over their plans.

[Don Saga]

Exactly. The idea that people can't check the market is annoying. I expect anyone who has Bitcoin in a wallet to check the price of Bitcoin in order to be in track with the movement. However, it shouldn't be a means for them to start making decisions that will affect their investment by checking the price always. I guess that is why most investors condemn checking the price frequently. It can lead to temptation and that will affect the investment goal.

Checking the market price frequently is not really necessary mostly for long term traders, don't you think? Scalpers and day traders sleep on price movements and trade with quick volatility unlike long term holders that invest with the mindset of a long term profit.

The mind game can be very crucial in every investment so its important to suppress rational decision based on emotions. Like you mentioned, checking the market frequently could affect investment goal which does not sound like the best approach for any investment.

[Finebone]

There is are those who looks at the market yet it does nothing to them, let's say there they have already bought when they have their investment money and they are in for the long term looking at the market doesn't influences them in any way even if the market wasn't in their favor as of the time of their checking provided that their plans has not been achieved, this is to say not everyone can be influenced by the market over their plans.

For any bitcoin investor to be looking at the price chart constantly or periodically without being affected or panicking, it shows that such person did the right thing, which was investing with what he or she can afford to lose, because once you invest what you can afford to lose, you would not be emotionally attached to your Bitcoin investment, which is the best or the most reliable way to stay strong without tempering with it during dip or when looking at the chart. So doing the right thing by investing from your discretionary income and putting down the right thing in place to protect your investment like emergency funds is the only way an investor can buy and hold for a very long time.

[GeorgeJohn]

For any bitcoin investor to be looking at the price chart constantly or periodically without being affected or panicking, it shows that such person did the right thing,

A trader who is serious will continue to monitor the movement of candle sticks, monitoring the movement of the sticks will enable trader to know it will be in the market and when it will pull out of the market...

which was investing with what he or she can afford to lose, because once you invest what you can afford to lose, you would not be emotionally attached to your Bitcoin investment,

Every bitcoin investment, if you lose they most be emotions that will attached to it, unless that you have experience losses before, but it's your first time, they most be emotion, let be realistic, trading is all about risk, even though you used what you can afford to lose, you will feel the impacts when you lose, but if you gain, you will not bother..that's why we need to trade with caution.

[yixichloro2xx]

Investor do check the market but not in the same way that traders do, when someone is observing the market always the person is said to be a trader and also people who look or check at market wing are pure traders because investors doesn't have time for all these things in the market because they are just interested at sorting their discretionary income and then purchase or buy at their appropriate time or their set up time which can be weekly or monthly.

This is not supposed to be subject to argument because we all know that a long term holder checking the market is mostly for knowledge of where the market is and not to act on impulse like FOMO. This is different from traders that are constantly monitoring the chart with the hope of getting an entry or an exit. They are subjected to FOMO, taking quick decisions and eventual mistakes that result in losses. Investors and traders are different in every aspect and it is highly recommended to remain and investor as that is more reliable and does not involve much stress and mental load.

Exactly. The idea that people can't check the market is annoying. I expect anyone who has Bitcoin in a wallet to check the price of Bitcoin in order to be in track with the movement. However, it shouldn't be a means for them to start making decisions that will affect their investment by checking the price always. I guess that is why most investors condemn checking the price frequently. It can lead to temptation and that will affect the investment goal.

Yes you are right, there's nothing wrong in someone checking market price. Like me , I always see Bitcoin prices popping up on my PC whenever I login and want to work on it , because it keeps me updated on how the market is doing. Like you said the only wrong thing there is when an investors react to it in a wrong way whereby they start selling because the price is pumping a bit or dipping. The kind of people I will say do this mostly are Newbies (surely they are bound to make one or two mistakes), traders/someone has poor investments mentality (whereby every little drop feels like their entire money will be wiped out).  My advice to someone who are still working on their emotions or mentality is to avoid checking the price of the market (they can do it randomly, maybe once a while) and noises people make online about Bitcoin because that could influence their decision making...

[Stive009]

I agree with you. When talking about Bitcoin investment, it is definitely not right to talk about sure  success or guaranteed profit. And for a new investor, basic knowledge is enough to start investing. He does not need deep knowledge. A person does not need to fully understand cryptography, node, hash rate or technical programs to invest. He only needs to understand that Bitcoin is volatile, short-term profit is not guaranteed, and it should generally be started with an investment mindset of 4-10 years or more.

And financial management plays a big role in investing in Bitcoin. If a person does not understand his income, expenses, discretionary income, emergency fund, then he can easily make wrong decisions. So I would say, it is necessary to learn Bitcoin, but learning financial management is more important. With basic knowledge, a person can start with a small amount, such as weekly or monthly DCA. Later, as his income increases over time, he will be able to adjust the DCA amount. Huge knowledge may not be very useful at times, but investing with discretionary income through strong fund management makes it possible to hold for a long time without panic selling during market volatility.

When person have common sense and discretionary income,  then why then shouldn't they just get the fuck started instead of wasting their time? It is just so  pointless for person to be delaying theirself just because they want to learn about bitcoin first. Dude it is a wise choice for people to begin their ongoing investment no matter how little the amount is. It is very possible to.learn about bitcoin while investing. It is because investment gives real time experience to know about the market and how volatile the market can be. Person don't have to go all in yet when they first start their investments and because they are still trying ing to learn. Sothey can invest little by little what they can afforded to loose

I agree with you. In my opinion the best way to understand Bitcoin is to enter the market yourself. Until you have some Satoshis in your wallet you will never get the real feel of it by looking at charts or theories. only when some part of your own hard earned money no matter how small is in Bitcoin will you start learning it by heart. Because you cannot learn to swim without getting into the field.
If someone thinks that he will learn everything at the right time and enter the field then he is actually living in a fool's paradise. The mental strength to withstand the volatility of Bitcoin cannot be acquired by reading books or watching videos. If you start with a small amount of money now the practical experience you will get will give you the mental strength to survive in future bull or bear markets.
Leaving money idle in the name of learning means destroying your purchasing power every day. So i would say the wise thing to do is not to waste any time and start investing today with a small part of your ability such as 5 or 10 dollars.
Bitcoin Not a cheap stock or lottery ticket that you have to do math a thousand times to enter the market. Bitcoin is the future of the global economy. So
shake off laziness in the name of learning and start DCA on a small scale today. There is no greater education than learning by yourself by entering the market.

[MusaPk]

For any bitcoin investor to be looking at the price chart constantly or periodically without being affected or panicking, it shows that such person did the right thing, which was investing with what he or she can afford to lose, because once you invest what you can afford to lose, you would not be emotionally attached to your Bitcoin investment, which is the best or the most reliable way to stay strong without tempering with it during dip or when looking at the chart. So doing the right thing by investing from your discretionary income and putting down the right thing in place to protect your investment like emergency funds is the only way an investor can buy and hold for a very long time.

If you are investing in Bitcoin then make sure you invest for long term like at least four years and you have that mindset that you are investing for long term then you will surly not looking at price chart constantly on daily basis but once in a while. You can only do that once you have a mindset that convince you that Bitcoin is for long term and we need to keep investing for years to come. Once you have invested money in Bitcoin for 10 years then you can look back and can calculate how much return you got over your invested money.   

[Barikui1]

Every bitcoin investment, if you lose they most be emotions that will attached to it, unless that you have experience losses before, but it's your first time, they most be emotion, let be realistic,

Your write up here looks a lot confusing, but I get what you are trying to say.
If am not wrong, you are trying to say that a Bitcoin investor will always be emotional towards his Bitcoin investment as long as he or she is a newbie or it's his first time, but I will disagree with you on that because if an investor invest with what he can afford to lose, he will not be emotional towards his Bitcoin investment, but if an experience investor invest what he cannot afford to lose he will still panic anytime their is a dip in the market because he invested with what he cannot afford to lose.

[/b] trading is all about risk, even though you used what you can afford to lose, you will feel the impacts when you lose, but if you gain, you will not bother..that's why we need to trade with caution.

I do not think @finebone is talking about trading, but on the contrary he is talking about Bitcoin investment. And even while trading, if you use an amount you cannot afford to lose, just know that you will be doing emotional trade because you venture into the market with an amount you cannot afford to lose, but if you trade with only what you can afford to lose, you will not panic no matter what because even in the worst possible outcome, you wouldn't be affected that much.

[KeenanEl19]

For any bitcoin investor to be looking at the price chart constantly or periodically without being affected or panicking, it shows that such person did the right thing, which was investing with what he or she can afford to lose, because once you invest what you can afford to lose, you would not be emotionally attached to your Bitcoin investment, which is the best or the most reliable way to stay strong without tempering with it during dip or when looking at the chart. So doing the right thing by investing from your discretionary income and putting down the right thing in place to protect your investment like emergency funds is the only way an investor can buy and hold for a very long time.

If you are investing in Bitcoin then make sure you invest for long term like at least four years and you have that mindset that you are investing for long term then you will surly not looking at price chart constantly on daily basis but once in a while. You can only do that once you have a mindset that convince you that Bitcoin is for long term and we need to keep investing for years to come. Once you have invested money in Bitcoin for 10 years then you can look back and can calculate how much return you got over your invested money.   

Right you say, when we decide to invest then set the mindset that it is done for the long term not for the short term. And actually there is no need to monitor the price every day because I think this might make the investment disturbed either want to sell it because there is already a profit or sell it because it is already at a loss.

What we should focus on in terms of investment is the purchase, as much as possible this purchase must be done consistently regardless of whether we ourselves have a fixed income or not. so we just need to buy and hold it, also protect the investment made so as not to be disturbed.

[Charcol]

For any bitcoin investor to be looking at the price chart constantly or periodically without being affected or panicking, it shows that such person did the right thing, which was investing with what he or she can afford to lose, because once you invest what you can afford to lose, you would not be emotionally attached to your Bitcoin investment, which is the best or the most reliable way to stay strong without tempering with it during dip or when looking at the chart. So doing the right thing by investing from your discretionary income and putting down the right thing in place to protect your investment like emergency funds is the only way an investor can buy and hold for a very long time.

If you are investing in Bitcoin then make sure you invest for long term like at least four years and you have that mindset that you are investing for long term then you will surly not looking at price chart constantly on daily basis but once in a while. You can only do that once you have a mindset that convince you that Bitcoin is for long term and we need to keep investing for years to come. Once you have invested money in Bitcoin for 10 years then you can look back and can calculate how much return you got over your invested money.   

Long-term investment planning is certainly good, but how do you guarantee that you will get a return if you invest money for 10 years?
And not everyone's savings goals, income, expenses, and responsibilities are the same. A person's Bitcoin goal depends on his age, income, discretionary income, and his responsibilities. Someone may not reach his savings goal even after 10 years, while someone else may strengthen his position much earlier due to his financial strength. So why should both of them follow the same calendar?

Another thing is that seeing the price is not a problem. But breaking the plan because of the price is the main problem.

[Derekfunds]

For any bitcoin investor to be looking at the price chart constantly or periodically without being affected or panicking, it shows that such person did the right thing, which was investing with what he or she can afford to lose, because once you invest what you can afford to lose, you would not be emotionally attached to your Bitcoin investment, which is the best or the most reliable way to stay strong without tempering with it during dip or when looking at the chart. So doing the right thing by investing from your discretionary income and putting down the right thing in place to protect your investment like emergency funds is the only way an investor can buy and hold for a very long time.

If you are investing in Bitcoin then make sure you invest for long term like at least four years and you have that mindset that you are investing for long term then you will surly not looking at price chart constantly on daily basis but once in a while. You can only do that once you have a mindset that convince you that Bitcoin is for long term and we need to keep investing for years to come. Once you have invested money in Bitcoin for 10 years then you can look back and can calculate how much return you got over your invested money.   

To some point I don't think investing in Bitcoin for long term should make us not to look at the market chart or look at the market and somehow it is not also possible for someone to be accumulating Bitcoin and increasing their stash without looking at the price and movement of Bitcoin. We know every human being can be emotional sometimes but we should keep away our emotions aside when we want to actually check the price or chart because there are Dip that can push some people into selling or panicking.

[Furious 7]

You sound lost @ icebar what makes you think that watching the price is not a bad thing? You seem to have forgotten that majority of those investors that sold Thier Bitcoin for short term did that as a result of keeping a close eye on the market because the pressure was much and they couldn't persevere so they decided to sell off Thier holdings due to fear of Lossing Thier money. Even though surely there might come a time when an investor might want to check if there's a good buying opportunity (dip) so as to know when it is time for them to apply some level of aggressiveness but not all the time maybe once in a while as these is the only reason an (investor) would give to prove that, there's need to check the market, anything other than this reason I gave here is pointless.

I think understanding the market or seeing the market doesnt mean we will sell or buy because we see from many beginners or those who are accustomed to doing so. But that does not mean understanding the price or seeing the price that happens is something that is important because this is only optional.

The most important thing when we invest is the money we have prepared to buy as for checking prices or other things that can be optional and it does not matter if they do it if it does not affect our mentality in holding for the long term when we have more time then please but if you feel this is not too important then it is okay not to do it.  We cannot judge the whole that seeing the price becomes a decision to sell because what I felt before when I was a beginner things like this became an addiction and felt something was missed when I didn't check the price of bitcoin even though I don't do it now.