Well I guess this is true, because the first time I actually got into the crypto space and started my investment journey it was like I was a watchman on the market price cap and I couldn't just get my eyes off the price to know if my investment is actually going the right way or sideways.
I will probably classify this as fear of the unknown, which I believe you must have overcome and let slide as part of your past experience. When you are constantly checking the price of a coin without even allowing the market to settle down and make a drastic move. If you are not strong enough, you might fall victim to high blood pressure (HBP). And at the same time, you might not be strong enough to overcome a bearish market; you might end up panic selling, which you might regret later.
This is the worst financial strategy to store all your assets in bitcoin because when their is a drastic dump in price,it will look like your doom day has arrived. A very bad way of financial management.
Well, this is all based on the investor's financial decisions; you never know what the investor takes very seriously. Let's say, for instance, that there are a lot of investors who see gold as the real deal; they have all their assets invested in gold, which some financial advisers will say is unwise, but to the investor, that's his choice, and it's working fine for him/her.The same thing is also applicable to Bitcoin. If I have a stable cash flow from a white-collar job and I just want to invest my funds somewhere, I will probably choose to invest them in Bitcoin. The reason is that I have developed a lot of trust in it, and I'm fine with it. Since they are just my investment and not where I'm paying my bills from, there will probably be no issue with the drastic change in price.