Quote from: Questat on Today at 06:49:39 AM

Quote from: Barikui1 on December 09, 2023, 10:23:17 AM

Monitoring the price of your holding everyday will earn you nothing, but since we are all humans, it will makes us want to react to some price changes which is not good for the goal of getting filthy rich in the crypto space.

Perhaps, it only gives us stress, especially upon checking the price dump and sometimes this is the reason why we could think negatively and even sell our coins. If we are investing, whether it is short-term or long-term, we can never expect a profit right away like buying today and making a profit by tomorrow. The idea of checking every day is not a good practice for real investors as they will just check when they hear good news and just hold when they hear negative news. I think checking once a month is good enough, in fact, we can also check the market chart so we are still aware of whether we are in a profit already or not.

It will just trigger a negative emotion to us especially if we see the price dumping that's why its really good to forget checking the bitcoin price from time to time or in daily basis and just put some target timeline on when you should sell it so that our long term hodl plan will come in reality. To many will get easily affected on what they see that's why they need to think about they are saving those balances for future so that they will never think about touching it. Although sometimes We can't really erase out these thinking that we want to know the status of the market then I think simply reading the news coming from respectable sources is I think enough so that we will get an idea if the market is in bullish or bearish condition.