Quote from: Fiatless on Today at 03:09:30 AM

Quote from: JayJuanGee on Today at 02:51:05 AM

I would imagine that many of us are going to want to attempt to monitor our investment into bitcoin, especially if we are serious about it and serious to attempt to build it up and to even potentially try to keep track of how much we invested as compared to how our investment might be going up or down in value (price) with the passage of time.

There might be some points in which we might not really want to micro-monitor it, and surely some personality types are different than others in terms of their desires to keep track and/or to potentially look at bitcoin every day, once investing into it.

It is very difficult not to look at the price of Bitcoin especially if you are a frequent user of the internet. Crypto news will always pop up on social media or some web page and it might push you to want to monitor the value of your investment. I am more tempted to look at my investment when the price of Bitcoin is going up. It gives me a sense of satisfaction that I have not invested wrongly. When I get the news about a price drop, I simply stay away from my investment to avoid any form of fear or discouragement. Looking at my wallet in the early days of my Bitcoin adventure caused me so much anxiety that nearly resulted in some health problems. Until I discovered that the beauty of Bitcoin is that the period of price drop also gives another opportunity to keep accumulating especially if you are applying the DCA strategy. But it will be great to get to the level where one doesn't care about the movement of the market for a long time until it gets to the planned threshold.

That is one of the great things about any of the guys who are early to bitcoin and if they can get it into their heads that they are going to be buying bitcoin no matter what (perhaps as often as every single week) for their first 4 years or maybe even longer than that, maybe they will be buying no matter what every week for their first 6 years, and then after they pass a certain amount of time and BTC accumulation, they can reassess where are they at and whether they might consider to adapt their strategy to something else... There are some guys who might already realize that continuing to buy for 4 or 6 years straight had really been working out well for them, so they decide to continue such practice of continuing to buy BTC weekly.. and then maybe they are getting further and further along in their bitcoin accumulation journey that they might consider some ways to adjust their strategy..

So then the ongoing practice of frequently buying BTC and even keeping their buys weekly, then the dips in the BTC price may well help them to feel somewhat better about the dips, even though surely the longer that any of us accumulate bitcoin the more that we end up profiting when it goes up, even though in our earlier years of accumulation, it actually works to our advantage if the BTC price does not go up very fast so that we will have time to accumulate more BTC since it can take a quite a bit of time to have cashflow coming in that is sufficiently enough to contiue to buy BTC with it.