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.
That pressure will enagages you most of the time to a failed analysis, better to keep your investment on hold the very reaon why you need
to do your deep research and analysis to make sure that you are ready in anyhow.
Fear is something that you need work and need to beat when playing your cards riding
with the bear season, if you can buy and hold then wait for the bounce, the chance is
good to benefits from this business.
We hold for some reason but we sell also for another reason as well. We can't just hold it all the time, sometimes we need to sell to open another big opportunity. If we think that those who are selling right now are in a panic, I'd never think about it because they might be selling them as market diversification. When it comes to business and if you are aiming to earn every day, holding isn't really a good idea but we did this as we are in the crypto market. That is why I would say that crypto investment can't be considered as main source of income.