Post
Topic
Board Bitcoin Discussion
Re: One Beauty about Bitcoin investment.
by
ancafe
on 14/08/2024, 01:54:28 UTC
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 just comes naturally because we are investing with money so monitoring our investments becomes a form of self-motivation. The difference is what causes us to panic because we don't fully understand the investment process that is being carried out, which causes panic when the price gets hit down. But some people are unique and it may be true that some people just don't want to check for whatever reason.

If you want to avoid panic then you should focus more on accumulating bitcoin than checking it regularly. Unless one can avoid panic when the market gets hit down and I think that can be achieved if one is already at a maturity stage in investing. If you look at it further, there should be no need to panic because after the price drops there will be a time when it will rise again and that is the simple way of thinking.