It depends on what your long term Investment goal is. Most times when people hear about BTC, all the think about is to make quick profits from the market. This way, when we have a little increase in prise, away from their initial investment, they get carried away easily and probably end up selling at the wrong time. Just like you have stated, avoid watching the market constantly. Price moves in the up and down direction, that's it's nature so don't let little price movement get you to sell off your investment...