In trying to put more pressure on the market by constantly monitoring a supposedly long term bitcoin or cryptocurrency investment, one ends up putting pressure on themselves as, the market is and will always remain a collective effort from the whales to make any huge difference.
The market is a highly volatile environment and most times more than anticipated, it always looks as though your loosing, as though it was set against you and that builds pressure on you as an investor. Pushes you not to invest or sell your crypto portfolio due to phobia of further falls.
Staying away the charts becomes a reliable strategy to be in the market not minding the market condition.
True. You can never expect for the market to be always on the pump as it will always be volatile no matter what. Instead, accept the fact that when we are in a bearish market condition, crypto prices are dumping and so the best thing to do is hold them for long until we see them recovering again. Also, do not often monitor the market so you wont feel pressured and end up panicking. For now, bitcoin accumulation would be the best resort.
It was found to be the nature of the market, up and down. Perhaps, nothing has changed since from the start. In fact, many people had already anticipated that kind of event but unfortunately, those who are new in here got no idea what they are doing when the drops come as panic come into their minds. Likely, if we only understand how this works, we never can see panic selling but had already accepted the reality that not all can't manage to hold longer as weak hands are easily bothered by the FUDs and rumors.
If there would be no ups and down, then how we would gonna be able to make money? This should be put up into your mind and would rather make it as an opening for you to get in.This is where traders do really
sit in on which trying out to play with those movement of price or volatility.What make things pain in the ass is on how to know if its the right time to buy or even the right time to sell.
We are all hoping or minding about maximizing possible profit which it is really just that understandable that mistakes and errors are really that common
into this field which is something that you would be facing up most of the time.