Quote from: Essential10 on May 08, 2024, 10:03:10 AM

Quote from: udayantha11 on May 07, 2024, 04:17:45 PM

what are methods you used to forget the market conditions and keep hodl?

For example, if the price of Bitcoin is high, many people may not be able to buy the amount of Bitcoin they want to buy because of lack of money. But there are people who deposit bitcoins using DCA weekly, monthly. In that case I don't think he cares much about his holdings, whatever the market.

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In my story , i always log to twitter and see what is happing , see coinmarketcap always, see youtube videos related to crypto. so this makes me sometimes panic , fear.

please update what things you do

If you listen to all these market analysis through twitter and youtube then you will be more panic and afraid to invest. Here, different people present the same content in different ways according to their personal opinion, then the market analysis you do yourself will also seem wrong to you. There is a lot of information available on social media but I'm not telling you to stop it completely, I'm just telling you to look at very little crypto news on social media. You choose a right coin like Bitcoin, You just need set the time period to hold your holding which can be one year, two years, three years.

That is why it is not good to listen to what social media are saying. It can be true or might be a fallacy but having a personal conviction on things before making a decision is necessary. Everyone would take responsibility for their investment actions so at last it all falls down to how you plan your investment. If you invest wisely you will reap the profit but if you invest foolishly there won't be anything you to profit.

Depending on the financial status of the investor and the target that is what he would use to determine the investment period. If the target is huge then the investment duration would be long especially if the investor is not that rich.