Quote from: Marvelockg on Today at 08:49:38 AM

Quote from: ginsan on March 07, 2024, 09:27:25 PM

Maybe the important point here is not to check Bitcoin prices every day because that can trigger uncontrollable emotions.

checking bitcoin price daily isn't something that's a big deal or that could be seen as a bad thing. Most crypto blogs like cointelegraph, coin desk and even trust wallet displays the updated Bitcoin price on their sites and apps and mere checking through your portfolio would still give you access to the daily updated price. It's just not to allow it get into your long term holding plan that's the main thing here.

If you you've decided to do continuous accumulation for lets say ten years and you are just focused on looking at the price just to be sure you're gaining, that's were the distraction comes in cause you can't continue following up on whatever rise or fall Bitcoin is experiencing and hope to do that for five years before a thought to sell off yoir holding comes into your mind.

As long as you are actively participating in this forum discussion, it would be one of the major motivating factor that would enable you hold up longer.

On wider view there's nothing wrong checking the price of bitcoin on daily basis especially if you are accumulating since for that you are updated on current list and can do good decisions for certain times. But if you are new and doesn't know what to do then you are so raw on taking decision to hodl maybe checking the price can affect your decisions and might get scared on situation like correction then lose their mind in that cases. Its important for investors to be more knowledgeable on those cases and they can learn that by participating on any discussion which tackle this kind of situation and for sure they can learn a lot especially right here there are knowledgeable people sharing their ideas and suggestion that can help people to learn something that truly useful to them.