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Author Topic: Don't look at btc every five minutes  (Read 1945 times)
billykannithi
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April 21, 2018, 06:16:06 PM
 #621

This situation only happens with people who're free all day and they're concern about their investment in Bitcoin.
Or people who spend their whole career on Bitcoin and they're nervous about it , about their future also.
It's absolutely not a good thing to do because it will bring to you some bad mood and you don't want to get those moods for sure.

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April 21, 2018, 08:30:50 PM
 #622

bitcoin will be more profitable if we invest for the long term and will make us more calm, no need to see the price every minute because it will only make us panic and will not be able to control the emotions
A true investor will invest the money in Bitcoin that he does not need for instant use in future. By this I mean that he will go for long term investment and would not need to worry about the small fluctuations in the value of his portfolio. This is the reason long term investment is preferred in many case. The Cameron brothers who sued Mark in 2019 I thin invested in Bitcoin and held onto their portfolio without selling a single coin. This was why they were the Bitcoin billionaires in 2017.
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April 22, 2018, 01:34:13 AM
 #623

It isnt necessary to look so often at the cost of the bought coin. You have to choose carefully time for investment, and then forget about it and not give in to panic of the market. Then you will see the necessary result.

Changes over time may be big or small can cause a negative mindset on it, thinking that it will sink deeper and fall more. So often check it is not recommended unless you're the type of person who is sticking in the hold. Exactly I am trading from a very long time. We have seen over time that how bitcoin fluctuates

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April 22, 2018, 06:17:34 AM
 #624

for some people it is very important to see it every minute, for example traders they always pay attention to the market price every minute while trading. so your advice seems to me a bit wrong, but there is also truth because only coward who always pay attention to market price when he invest long-term. Wink

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April 22, 2018, 07:23:16 AM
 #625

I think we should not do this. This is a mistake that many of us often make. This can easily lead to panic. Bitcoin is a long-term investment. If you often go to see it in the short term, it doesn't make much sense.
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