Quote from: $weetne$$ on May 25, 2025, 10:38:26 PM

Quote from: Orpichukwu on May 24, 2025, 11:32:20 PM

Bitcoin is indeed not a Ponzi scheme that promises a fast cash return; it's also not something that can change you from being a nobody into a millionaire. You can just start investing with as little as you can and forget the rest, but ignoring price action is something hard for most investors to do. They need to follow up their investment and make sure that they are not running into losses.

This is not necessary as an investor in Bitcoin. Checking the price of Bitcoin every time is not going to change what is going to happen to the market. We are only putting ourselves under too much pressure to sell when we keep checking up on the price of Bitcoin. What I think the frequent checking of the price of Bitcoin does to investors is that it makes them to become doubtful of how well Bitcoin is going to do and then they will change their investment duration because they no longer trust the market. Bitcoin should not be doubted for any price that it is predicted that Bitcoin will get to. It might not happen in this bull market but do not doubt it. Bitcoin has the potential to make anyone that decide to invest in it rich but we need to exercise patience.

There is no point in checking the price of bitcoin when one has taken it as a habit to start monitoring the price of bitcoin. It is very difficult to invest in bitcoin and make something out of it. An investor who really knows what he or she is doing would never try to always check the price of bitcoin just to monitor it. But the truth is that those who are fond of monitoring the market while investing in bitcoin don't understand bitcoin and are not sure of it; they are only trying to see if they can make a quick profit. Real investors who understand bitcoin and know what they really want don't bother about the market; their main concern is to accumulate and hold bitcoin.