Quote from: Franctoshi on Today at 12:43:48 PM

Quote from: Altcoiner007 on August 13, 2023, 03:24:52 PM

9. Monitor regularly: Monitoring your investment regularly will help you make informed decisions and adjust your investment strategy when necessary.

It depends on the individual type of investment because monitoring your portfolio isn't necessarily for someone who is in the race of HODLing BTC, basically if your goal is a long-term investment, as that would only put you under pressure checking your portfolio when the price is down, and may result in you taking wrong decisions which leads to what we call panic selling.

Op had mentioned some of the things we need to put into consideration before we ever decided to invest in cryptocurrency which is a volatile assets except the stable coins that are pegged to US dollar. In case we have the plan to invest our money, we need to ensure that we study the asset we want to buy to make sure that we are not making any mistake that will make us lose as we invest our funds.

There is need to scrupulously do our own research apart from what we hear people say about a project so that we can as well prepare and invest the amount we know we can afford to lose as an investor that is ready to take risk but not the one that will make us regret totally.