Quote from: I_Anime on Today at 02:48:40 PM

Quote from: dunfida on April 21, 2024, 07:57:15 PM

It might sound pretty basic but doing it is never been that easy considering that there would really be factors which would really be affecting your decision. Buying and holding Bitcoin? Aiming for long term. yes you can but
if you are someone whose really that active on seeing on whats happening in the market then make it sure that you wont really be affected by it because if you are somewhat a person whose really that emotional and someone who is really that easily could be influenced then its likely or high chances that you would really be finding yourself having those kind of second thoughts whether you should be holding even longer or you
would really be tending to cut-loses or whatsoever. Its never been that something simple but of course it would really be just that depending on a certain individual

Checking market movement as an long-term holder shows that you are just in for short-term goals. Because as a long-term investment one don't need to bother themselves with price movement, instead focus on how to accomplish their accumulation goal by accumulating and same time holding for long-term. Yeah checking the market movement on a regular will definitely messed with one emotions expecially those who are new in to Bitcoin which may lead to one selling their investment in a premature state.

Looking out for price movement always are usually practiced by traders not holders, sometimes I refer the short term investing as trading cause there's no guarantee of success, although the trading field can't be compared with holding bitcoin cause the amount of loss involved in trade likewise a short term plan is annoying mostly beginners who are inexperience about trade. From my view the common reason why people still feel emotional with bitcoin price is because they don't know what the long term is all about so sometimes investors fail to make plan.