Buy Buy Buy or Sell Sell Sell?

[laspol65]

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.

Of course,  Long term investors also engage themselves in such practice. this practice is very common among investors especially when investing in volatile asset like Bitcoin. It is easier to say that we shouldn't engage ourselves in such practice, but there's no way we can stop investors from doing that because some folks like looking at the market to see if There's improvement in Thier investment but it becomes problematic if a person is doing this all the time.

Long time bitcoin investors shouldn't engaged in the practice of continually cheeking the market because i believe this practice is to see if there is an increase in the price of bitcoin so they can sell this act is commonly seen among traders who are interested in short time gain, a long time investor focus more on building his bitcoin portfolio by consistently buying bitcoin with the dca strategy undermining what the price is by using their discretionary income to buy BTC.

If you want to invest in Bitcoin, you should do it correctly and move forward by following the strategy. Building your future through Bitcoin investment, if you face various mistakes here, then that Bitcoin investor will not be able to move forward with his Bitcoin for a long time. As a result, you should not watch the market speed increase at all, if you watch the market movement, then during the upward movement of Bitcoin,
his inner greed will be created and he may give up his Bitcoin investment in the hope of profit. And many investors take loans out of greed to get more money and invest in Vikram with this day's money. Such mistakes should never be made, there is a possibility of danger in the middle. So it is best to avoid all these things.

[Charcol]

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.

I can tell you that I barely look at the price of bitcoin only when I am ready to DCA. This is because I focus more time on my work and family since, I know that I'm just to be buying continuously. Looking at the chart like a trader wouldn't change anything in your portfolio size neither will it increase your income.

It's better that you channel the time that you're using to look at the chart to look for means of increasing your income so that, you have have more discretionary income to buy bitcoin consistent and persistent till you reach your bitcoin target. If you're talking about looking at the price, I can understand but looking at chart is not what is needed.

Increasing income vs understanding the market is actually creating an unnecessary conflict. As an investor, we focus most of the time on income and cash flow, but sometimes we can check our own average purchase price, position size and progress of the plan. I don't see anything wrong here. It is not wrong to look at the price, but to stop buying or wait unnecessarily or sell in panic because of that price is the biggest sign of stupidity. So I agree with you that you should focus on increasing income. But you should not be completely blind to the market.

[alankasman]

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I can tell you that I barely look at the price of bitcoin only when I am ready to DCA. This is because I focus more time on my work and family since, I know that I'm just to be buying continuously. Looking at the chart like a trader wouldn't change anything in your portfolio size neither will it increase your income.

It's better that you channel the time that you're using to look at the chart to look for means of increasing your income so that, you have have more discretionary income to buy bitcoin consistent and persistent till you reach your bitcoin target. If you're talking about looking at the price, I can understand but looking at chart is not what is needed.

That one reason why using DCA strategy brings more comfortability than other strategies, when using the DCA you tend to put your focus more on increasing your discretionary income than any other thing. You see for long time investors DCA is actually the best to use because it provides you more time to work on yourself and build your portfolio in a way you want.

I think people who waste their time on the chart all day are people who are traders rather than investors, people who invest to make quick profits.

Currently, many are motivated to invest in Bitcoin because it's very easy and not too difficult to do. This indicates that it's very feasible for anyone with income exceeding their needs. I believe they should invest in Bitcoin by increasing the amount they earn as an asset for their future. Especially if they have two sources of income they can adjust their income so they can spend on their needs and save by investing in Bitcoin using a long-term strategy.

Because the current investment pattern only requires consistency in doing it meaning the amount does not have to be large, but the more we invest with discretionary funds the more profits we will get in the future when market prices sometimes start to stabilize and are at a figure further than what is happening now so now what we need to do is continue to accumulate with the aim of only building the amount of our future portfolio by having the amount of Bitcoin that will be our future asset.

[CageMabok]

Increasing income vs understanding the market is actually creating an unnecessary conflict. As an investor, we focus most of the time on income and cash flow, but sometimes we can check our own average purchase price, position size and progress of the plan. I don't see anything wrong here. It is not wrong to look at the price, but to stop buying or wait unnecessarily or sell in panic because of that price is the biggest sign of stupidity. So I agree with you that you should focus on increasing income. But you should not be completely blind to the market.

That's true, every investor needs to understand the market and shouldn't be blind to market conditions because, on the other hand, investors also like to buy at various price points when market conditions start to change in an unexpected direction. Meanwhile, increasing income and cash flow in general has indeed become very important because it is the basic foundation for every investor to be able to move forward and invest continuously for the long term. So I also quite agree with your argument because, essentially, increasing income and understanding the market are fundamental skills that all investors have had, both historically and currently.

[MainIbem]

Increasing income vs understanding the market is actually creating an unnecessary conflict. As an investor, we focus most of the time on income and cash flow, but sometimes we can check our own average purchase price, position size and progress of the plan. I don't see anything wrong here. It is not wrong to look at the price, but to stop buying or wait unnecessarily or sell in panic because of that price is the biggest sign of stupidity. So I agree with you that you should focus on increasing income. But you should not be completely blind to the market.

That's true, every investor needs to understand the market and shouldn't be blind to market conditions because, on the other hand, investors also like to buy at various price points when market conditions start to change in an unexpected direction. Meanwhile, increasing income and cash flow in general has indeed become very important because it is the basic foundation for every investor to be able to move forward and invest continuously for the long term. So I also quite agree with your argument because, essentially, increasing income and understanding the market are fundamental skills that all investors have had, both historically and currently.

I think you mean consistent income and cash flow and not "increasing" cause even though someone maintain the income that was started with, so far the cash flow is consistent the person would still be able to achieve long term consistent accumulation goal. It's an investors choice to choose increasing their income for the investment, based on what they generate so if what they generate doesn't allow them increase the discretionary income it would be best to maintain it than increase it and affect other important expenses. Although increasing the cashflow is important at some point but should be based on if more is generated.

[Jody.Drummer]

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.

Of course,  Long term investors also engage themselves in such practice. this practice is very common among investors especially when investing in volatile asset like Bitcoin. It is easier to say that we shouldn't engage ourselves in such practice, but there's no way we can stop investors from doing that because some folks like looking at the market to see if There's improvement in Thier investment but it becomes problematic if a person is doing this all the time.

Long time bitcoin investors shouldn't engaged in the practice of continually cheeking the market because i believe this practice is to see if there is an increase in the price of bitcoin so they can sell this act is commonly seen among traders who are interested in short time gain, a long time investor focus more on building his bitcoin portfolio by consistently buying bitcoin with the dca strategy undermining what the price is by using their discretionary income to buy BTC.

If you want to invest in Bitcoin, you should do it correctly and move forward by following the strategy. Building your future through Bitcoin investment, if you face various mistakes here, then that Bitcoin investor will not be able to move forward with his Bitcoin for a long time. As a result, you should not watch the market speed increase at all, if you watch the market movement, then during the upward movement of Bitcoin,
his inner greed will be created and he may give up his Bitcoin investment in the hope of profit. And many investors take loans out of greed to get more money and invest in Vikram with this day's money. Such mistakes should never be made, there is a possibility of danger in the middle. So it is best to avoid all these things.

It is not wrong to pay attention to the improvement of the market if only occasionally, which is not recommended is to monitor it every day because it is feared that it could make investments disrupted which is basically better done in the long run, darii on monitoring market movements we better focus on income and cash flow, which is certainly an effect on investment made. Now investments made with stable cash flow certainly make investments run well in their accumulation, while when cash flow is chaotic, investments can be disrupted such as delayed in their accumulation. In addition, no one intentionally makes mistakes, so everyone should be able to do their best so that no mistakes occur, and can also consider first before making a decision.

[SPIDERMAN008]

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.

Ofcourse someone can't be accumulating Bitcoin without noticing the price of Bitcoin in the market but that's not the point, what investors are against is monitoring the chart constantly like they're traders, they're not speculating for profits but accumulating for long-term rewards so any investor who constantly monitoring the market is setting himself up for an emotional situation that could hinder his accumulation and force him to sell out of panic then ruin the investment he's been building for a while, the focus should be on consistent accumulation not monitoring charts.

Watching charts or monitoring the market is not a problem for Bitcoin investors. The problem arises when someone changes their decision based on the price of Bitcoin after watching the chart. if an investor starts DCA with a long-time mindset and then sees the price decrease, if he does DCA over aggressively or stops DCA when he sees the price increase, then it is no longer an investment. It becomes like trading. Therefore, it is not right to change your investment plan by making short-term market changes an issue.

[Primark]

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I can tell you that I barely look at the price of bitcoin only when I am ready to DCA. This is because I focus more time on my work and family since, I know that I'm just to be buying continuously. Looking at the chart like a trader wouldn't change anything in your portfolio size neither will it increase your income.

It's better that you channel the time that you're using to look at the chart to look for means of increasing your income so that, you have have more discretionary income to buy bitcoin consistent and persistent till you reach your bitcoin target. If you're talking about looking at the price, I can understand but looking at chart is not what is needed.

That one reason why using DCA strategy brings more comfortability than other strategies, when using the DCA you tend to put your focus more on increasing your discretionary income than any other thing. You see for long time investors DCA is actually the best to use because it provides you more time to work on yourself and build your portfolio in a way you want.

I think people who waste their time on the chart all day are people who are traders rather than investors, people who invest to make quick profits.

Currently, many are motivated to invest in Bitcoin because it's very easy and not too difficult to do. This indicates that it's very feasible for anyone with income exceeding their needs. I believe they should invest in Bitcoin by increasing the amount they earn as an asset for their future. Especially if they have two sources of income they can adjust their income so they can spend on their needs and save by investing in Bitcoin using a long-term strategy.

Because the current investment pattern only requires consistency in doing it meaning the amount does not have to be large, but the more we invest with discretionary funds the more profits we will get in the future when market prices sometimes start to stabilize and are at a figure further than what is happening now so now what we need to do is continue to accumulate with the aim of only building the amount of our future portfolio by having the amount of Bitcoin that will be our future asset.

Having multiple incomes in investment can provide some additional benefits. But having multiple incomes is not a mandatory condition for investment. People with high incomes can also take risks, while those with irregular or low incomes can continue to save Bitcoin in small amounts in a disciplined manner.
In fact, nothing is guaranteed in investment. Therefore, if any guarantee is given that investing more money will give good results, it may be exaggerated. Therefore, the number of income sources never ensures good results for the investor.

If you base your plan on the assumption that future profits are certain and the market will be stable, then it can be considered a risk.

[Gallar]

If you want to invest in Bitcoin, you should do it correctly and move forward by following the strategy. Building your future through Bitcoin investment, if you face various mistakes here, then that Bitcoin investor will not be able to move forward with his Bitcoin for a long time. As a result, you should not watch the market speed increase at all, if you watch the market movement, then during the upward movement of Bitcoin,
his inner greed will be created and he may give up his Bitcoin investment in the hope of profit. And many investors take loans out of greed to get more money and invest in Vikram with this day's money. Such mistakes should never be made, there is a possibility of danger in the middle. So it is best to avoid all these things.

Yes, the point is, when we want to invest in Bitcoin, we must be able to develop a good plan and target. So with that, I'm confident everything will run more smoothly. Because people who might sell their Bitcoin when there's even a slight increase certainly don't have a long-term plan. So,, when they make a profit, they sell their Bitcoin. While that's not wrong, it's a shame if it happens. Basically, if we sell our Bitcoin too early, it will certainly make us regret it later.

Because we won't be able to buy Bitcoin at a lower price again in the future. So that's why I say that a plan is very important when we decide to invest in Bitcoin. Furthermore, for those who like to borrow money to invest in Bitcoin, I suggest immediately abandoning that habit. Because it's clearly very dangerous and can cause you long-term stress. Because investing with borrowed money is not a good idea at all, because it's hot money. So, I hope everyone here doesn't do it, because it's risky.

[Rockson1]

That's true, every investor needs to understand the market and shouldn't be blind to market conditions because, on the other hand, investors also like to buy at various price points when market conditions start to change in an unexpected direction. Meanwhile, increasing income and cash flow in general has indeed become very important because it is the basic foundation for every investor to be able to move forward and invest continuously for the long term. So I also quite agree with your argument because, essentially, increasing income and understanding the market are fundamental skills that all investors have had, both historically and currently.

Nothing stops an investors to buy at any prices, if you such an investor is investing with the DCA strategy, it means he can buy in different price without having any challenges, the problem with some people is that they want to time the market which might likely not end in their favour.
The DCA  strategy makes Bitcoin investment easy for everyone, in a situation where there are serious price fluctuations, you have nothing to worry about as an investor, rather the best you can do is to consistently invest that your discreationary income and even buy more if you can, market condition should not be a problem to any nvestor since our major concern is to reach our target, I think consistent top up of our portfolio should be what we are supposed to be more concerned about,

[Mehmet69]

Increasing income vs understanding the market is actually creating an unnecessary conflict. As an investor, we focus most of the time on income and cash flow, but sometimes we can check our own average purchase price, position size and progress of the plan. I don't see anything wrong here. It is not wrong to look at the price, but to stop buying or wait unnecessarily or sell in panic because of that price is the biggest sign of stupidity. So I agree with you that you should focus on increasing income. But you should not be completely blind to the market.

That's true, every investor needs to understand the market and shouldn't be blind to market conditions because, on the other hand, investors also like to buy at various price points when market conditions start to change in an unexpected direction. Meanwhile, increasing income and cash flow in general has indeed become very important because it is the basic foundation for every investor to be able to move forward and invest continuously for the long term. So I also quite agree with your argument because, essentially, increasing income and understanding the market are fundamental skills that all investors have had, both historically and currently.

Successful investment strategies cannot be learned in a day, it is built on the habits and discipline of an investor. It is important for an investor to have a saving habit because it will serve as the main foundation of his investment. And experience can be gained by starting with small amounts. It is better to have knowledge of the market situation and long-term plans. The Bitcoin market is always uncertain. Therefore, it is effective to invest in the long term by considering your income and risk capacity rather than making decisions based on short-term fluctuations. Most of those who have invested patiently have been more successful in the long term than in short-term fluctuations. Therefore, it is more realistic to adopt a long-term strategy with small amounts than to panic and sell in short-term fluctuations.

[Hardyrobust]

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.

Of course,  Long term investors also engage themselves in such practice. this practice is very common among investors especially when investing in volatile asset like Bitcoin. It is easier to say that we shouldn't engage ourselves in such practice, but there's no way we can stop investors from doing that because some folks like looking at the market to see if There's improvement in Thier investment but it becomes problematic if a person is doing this all the time.

Long time bitcoin investors shouldn't engaged in the practice of continually cheeking the market because i believe this practice is to see if there is an increase in the price of bitcoin so they can sell this act is commonly seen among traders who are interested in short time gain, a long time investor focus more on building his bitcoin portfolio by consistently buying bitcoin with the dca strategy undermining what the price is by using their discretionary income to buy BTC.

If you want to invest in Bitcoin, you should do it correctly and move forward by following the strategy. Building your future through Bitcoin investment, if you face various mistakes here, then that Bitcoin investor will not be able to move forward with his Bitcoin for a long time. As a result, you should not watch the market speed increase at all, if you watch the market movement, then during the upward movement of Bitcoin,
his inner greed will be created and he may give up his Bitcoin investment in the hope of profit. And many investors take loans out of greed to get more money and invest in Vikram with this day's money. Such mistakes should never be made, there is a possibility of danger in the middle. So it is best to avoid all these things.

It is not wrong to pay attention to the improvement of the market if only occasionally, which is not recommended is to monitor it every day because it is feared that it could make investments disrupted which is basically better done in the long run, darii on monitoring market movements we better focus on income and cash flow, which is certainly an effect on investment made. Now investments made with stable cash flow certainly make investments run well in their accumulation, while when cash flow is chaotic, investments can be disrupted such as delayed in their accumulation. In addition, no one intentionally makes mistakes, so everyone should be able to do their best so that no mistakes occur, and can also consider first before making a decision.

The habit of always monitoring the market movement is common among traders and those that are planning to buy bitcoin during the dip. For long term investors timing or monitoring the market is not supposed to be a habit because there decisions as regards there investment isn't based on market sentiment. Whether they will buy depends on if they have discretionary income and not on how the market moves. But for those that waiting for a desire dip they can become anxious or even form a habit of always monitoring the market. They can even become worried sick on how the market is going. Giving attention to how the market moves isn't a bad thing but shouldn't be over done.

[red4slash]

That's true, every investor needs to understand the market and shouldn't be blind to market conditions because, on the other hand, investors also like to buy at various price points when market conditions start to change in an unexpected direction. Meanwhile, increasing income and cash flow in general has indeed become very important because it is the basic foundation for every investor to be able to move forward and invest continuously for the long term. So I also quite agree with your argument because, essentially, increasing income and understanding the market are fundamental skills that all investors have had, both historically and currently.

Precisely for me understanding the market is only optional, if we are able to understand it then it will be a very good thing but if not then it will not be a big problem because understanding the market is just another form that can be learned after we set our financial conditions to invest.

I don't even understand the market properly for now but I am still able to invest quite well (my version) as I am just trying to buy and save since last few years.

On the other hand I am also not too fixated on the price for now and maybe it will be different when I understand the market and consider that the current price is not suitable for buying. This shows that understanding the market is not as urgent as it is to be done quickly but when we try to understand the market it is also not a problem because it is optional as I said in the initial paragraph because to increase knowledge it is not prohibited.

I would not say that understanding the market has become a basic ability for now because I feel that even though I did not understand the market at the beginning I invested some time ago even now I do not understand it well this is not a problem with the progress I am doing. Because the most important thing from the very beginning is how to manage your own financial condition. We are busy understanding the market but cannot manage the finances we have to invest it is the same as you turning the important thing into optional but making the optional as if it were important.

[ASloveapg]

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.

Ofcourse someone can't be accumulating Bitcoin without noticing the price of Bitcoin in the market but that's not the point, what investors are against is monitoring the chart constantly like they're traders, they're not speculating for profits but accumulating for long-term rewards so any investor who constantly monitoring the market is setting himself up for an emotional situation that could hinder his accumulation and force him to sell out of panic then ruin the investment he's been building for a while, the focus should be on consistent accumulation not monitoring charts.

Watching charts or monitoring the market is not a problem for Bitcoin investors. The problem arises when someone changes their decision based on the price of Bitcoin after watching the chart. if an investor starts DCA with a long-time mindset and then sees the price decrease, if he does DCA over aggressively or stops DCA when he sees the price increase, then it is no longer an investment. It becomes like trading. Therefore, it is not right to change your investment plan by making short-term market changes an issue.

Monitoring the market is not a problem, but a long-term investor does not need to monitor the market frequently. Because his job is to invest at regular intervals and keep it for a long-term goal. Some people may take advantage of a decline in a week and for such people, monitoring the market is not bad. However, if someone is not in the stage of overbuying or is not in the stage of taking an opportunity, then there is no need to monitor the market frequently. Due to such a mentality, many people cannot remain steadfast in fulfilling their long-term goals. And as a result, they may expect to trade at some point because sometimes the price increases, they may want to take profit. Again, they may be afraid when they see the price decrease. In other words, the effect of market monitoring based on mentality may have a different effect on the decision.

[Sulegzy39]

Everyone has the right to look at the market anyway they want. But, because I know how tempting the market can be, we will most likely need to exercise some self-control while doing so. Only people with a high level of discipline and determination can deal with the problems and temptations that come with looking at the market. However, there are other ways to acquire knowledge about what is happening in the market without looking at it, such as: When you authorise notification from the exchange where you purchased your bitcoin, you will be notified whenever the price rises or falls, provided that is what you want to know.

 I believe the pressure will be much lower using this approach than being active in the market every time to look at the market chart. I can't even imagine myself doing that because I know I can't, which is why I prefer allowing notifications from the exchange I used to make my Bitcoin purchase; at least I can get the information I want without watching the market display...up, and down up.

[Renampun]

Watching charts or monitoring the market is not a problem for Bitcoin investors. The problem arises when someone changes their decision based on the price of Bitcoin after watching the chart.
snip

If someone who starts investing with DCA starts monitoring charts more frequently and acting based on short-term movements, it can potentially affect the discipline and purpose of the DCA strategy itself.. the goal of DCA is to relieve the pressure of trying to perfectly time the market. therefore, people who practice DCA should focus on consistency rather than reacting to every short-term market movement. it's fine to look at charts, but only as a reference to understand the overall market condition, not as a trigger for making emotional decisions.

[ejikeme24]

~snip~

Long time bitcoin investors shouldn't engaged in the practice of continually cheeking the market because i believe this practice is to see if there is an increase in the price of bitcoin so they can sell this act is commonly seen among traders who are interested in short time gain, a long time investor focus more on building his bitcoin portfolio by consistently buying bitcoin with the dca strategy undermining what the price is by using their discretionary income to buy BTC.

Had it been monitoring the market would help the price to grow or add something in our portfolio, then I would have have suggest that we should keep in touch. But from my discovering, I find out that we are just wasting our precious time at the same time putting pressure upon ourselves. any person you see going with this practice of monitoring the market to see if there is an increase in the price of Bitcoin is obviously a trader because an investors don't believe in such practice, a real investor believe that what they will get if they invest for long term might be 10x that profit they will get in the short term even though they are not sure about it, rather they just use that to overcome that feeling of selling for short term.

[Solokan]

That's true, every investor needs to understand the market and shouldn't be blind to market conditions because, on the other hand, investors also like to buy at various price points when market conditions start to change in an unexpected direction. Meanwhile, increasing income and cash flow in general has indeed become very important because it is the basic foundation for every investor to be able to move forward and invest continuously for the long term. So I also quite agree with your argument because, essentially, increasing income and understanding the market are fundamental skills that all investors have had, both historically and currently.

Nothing stops an investors to buy at any prices, if you such an investor is investing with the DCA strategy, it means he can buy in different price without having any challenges, the problem with some people is that they want to time the market which might likely not end in their favour.
The DCA  strategy makes Bitcoin investment easy for everyone, in a situation where there are serious price fluctuations, you have nothing to worry about as an investor, rather the best you can do is to consistently invest that your discreationary income and even buy more if you can, market condition should not be a problem to any nvestor since our major concern is to reach our target, I think consistent top up of our portfolio should be what we are supposed to be more concerned about,

Everyone certainly has a different approach to buying BTC. Some certainly buy BTC when there's a dip, while others don't. However, if we buy BTC at a certain point, we don't know whether that method can still be called DCA or not. With the DCA technique, we don't think about the buying price; the primary focus is solely on accumulating BTC. Indeed, market conditions shouldn't be a problem for any investor, as all they need to do is buy, accumulate, and hold it for the long term.

However, the most important thing, in my opinion, is that an investor must be able to hold their BTC for the long term. Many people accumulate BTC correctly but ultimately change their minds due to the lure of small profits. They end up selling their BTC, for example, due to a price increase, and ultimately fail to become long-term investors. And I think many people fail to become long-term investors due to the temptation of small profits.

[Razmirraz]

Watching charts or monitoring the market is not a problem for Bitcoin investors. The problem arises when someone changes their decision based on the price of Bitcoin after watching the chart.
snip

If someone who starts investing with DCA starts monitoring charts more frequently and acting based on short-term movements, it can potentially affect the discipline and purpose of the DCA strategy itself.

That action is the most dangerous disease, when DCA is combined with action based on hourly chart movements, it is not DCA anymore, but DCA with the spice of FOMO. The real purpose of DCA "Set and Forget" is to avoid falling victim to the two emotions of Fomo and panic when the red light turns on. When you start acting based on short-term movements, DCA no longer works on its own because it has turned into market timing using the mask of DCA. It's okay to look at the graph, but for educational purposes only, there are only two reasons that can change DCA, when the salary increases (increasing the number of purchases) and emergency needs (reducing the number of purchases), not because the market is red or green.

[Jewan420]

Everyone certainly has a different approach to buying BTC. Some certainly buy BTC when there's a dip, while others don't. However, if we buy BTC at a certain point, we don't know whether that method can still be called DCA or not. With the DCA technique, we don't think about the buying price; the primary focus is solely on accumulating BTC. Indeed, market conditions shouldn't be a problem for any investor, as all they need to do is buy, accumulate, and hold it for the long term.

However, the most important thing, in my opinion, is that an investor must be able to hold their BTC for the long term. Many people accumulate BTC correctly but ultimately change their minds due to the lure of small profits. They end up selling their BTC, for example, due to a price increase, and ultimately fail to become long-term investors. And I think many people fail to become long-term investors due to the temptation of small profits.

There is no need to advise experienced investors on investment strategies, because they are already familiar with investment strategies and may be skilled in using them. However, I do not think that many investors invest outside of DCA. Because DCA can play an ideal role for any financial condition and any situation. Buying only at the time of purchase cannot be DCA in any way, DCA is not based on price but is done based on a period of time.

Buying as much as you can afford at a certain time or based on your ability whenever you have money is called DCA. It is not that in DCA you have to buy the same amount at the same time, rather you can invest conveniently considering your ability and overall situation, but it must be consistent.