Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: One Beauty about Bitcoin investment.
by
Farma
on 12/08/2024, 09:36:03 UTC
⭐ Merited by JayJuanGee (1)
If you are investing for Bitcoin for long term, you don't have to check the price daily or weekly just save your seed phrase in a good secure place and delete the app from your phone. And you can check the price just once a month.
Or set alarm to receive the price of bitcoin whenever there is fall and rising. And when the price down then buy more to fill the wallet.
You are right, if our investment planning is for the long term, we don't have to check the price movement too often every day, but we only need to focus on continuing to collect these assets to be able to generate profits in the future and saving the seed phrase is of course very important because if we don't take good care of it, the assets we have collected will be wasted and it would be better if we store it in a safe place, not only storing it on our cellphone but writing it down and storing it in a place that is easy for us to remember, when you take advantage of the declining conditions, of course you must have funds that you can hold for a long time because if not, you might need the funds and the price drops again and you have to sell in those conditions, of course this will be very detrimental.