Re: Things to keep in mind before accumulation of Bitcoin

3: Do not freak out:

One of the biggest benefit of long term investment is you don’t have to check market again and again. Thus you will face no tension. But to do that you have to build patience in yourself. Which you can do by not becoming a prey of FOMO (Fear of Missing Out).

FOMO, freaking out, panicking, these are the feelings that will never be gone to anyone. An old-time investor or a newbie will have to feel this from time to time.
Even if you're confident with the market, it's true that this feeling won't be gone. It will be there for a few minutes then it's gone again. Also me, still feels it but I'm not letting myself to manifest it and do panic selling.

i guess, that's a normal reaction of any investor in this market. but the difference is how each one of us decide on how to manage our portfolio. panic selling is common especially if there is terrible news going around. but if you are long enough in this market, you should know by now how to handle the situation to avoid huge losses. and this is when your belief in this market is being tested.

I'm long and although there's a bit of shock whenever I see terrible news that's close to making me panic but I don't sell. Good thing that tolerance from the market has helped do it.
It's not that easy but it's manageable when you've been here for years and you still have a long position.
Those that are starting out will make them realize that it's a long way to go for them to have that risk tolerance and can avoid completely panicking.