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Author Topic: Things to keep in mind before accumulation of Bitcoin  (Read 1164 times)
Mauser
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September 13, 2022, 03:17:27 PM
 #21

Great article that should be read by anybody who wants to buy some bitcoin or other crypto currencies. The main take away is to use the DCA method to take advantage of the volatility in the market. I have been buying bitcoins since the start of the year myself, and its so much better to spread out your purchases across multiple months instead of buying everything at once. Who would have thought in January that bitcoins are going to drop down to 17,000 USD. The timing issue is one the biggest challenges in trading and with DCA we need to worry less about buying at the right price. Also DCA is well used strategy in stock trading for years.

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September 13, 2022, 03:51:39 PM
 #22

Yes, I am expressing the opinion in this post that you can keep Bitcoin in a separate good and advanced device that will keep you safe. Don't send to a device that gets ricks Bitcoin is very important. You can save a lot of Android device because it is more likely to be lost whenever you go to save to a local device. That's why I say keep bitcoins if you want to A good device should be keep.
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September 13, 2022, 08:29:54 PM
 #23

Great article that should be read by anybody who wants to buy some bitcoin or other crypto currencies. The main take away is to use the DCA method to take advantage of the volatility in the market.
We as an experienced bitcoiner, already knows all the stuff listed by the OP but still thanks for that. We can always re read it again as a form of review. The one that needs it the most are those who are noobs who are only getting started their journey in cryptos. Indeed that everyone should use DCA as it was the best strategy so far, this is because the market is so unpredictable. We won't know what if the price dips more? So, it is always better to have a spare cash in hand than doing all in most of the time.

I have been buying bitcoins since the start of the year myself, and its so much better to spread out your purchases across multiple months instead of buying everything at once.
It must be a good approach hence congrats to that because your timing was so perfect. You can start selling now if you want to and still earn something.

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September 13, 2022, 08:37:33 PM
 #24

Great article that should be read by anybody who wants to buy some bitcoin or other crypto currencies. The main take away is to use the DCA method to take advantage of the volatility in the market.
We as an experienced bitcoiner, already knows all the stuff listed by the OP but still thanks for that. We can always re read it again as a form of review. The one that needs it the most are those who are noobs who are only getting started their journey in cryptos. Indeed that everyone should use DCA as it was the best strategy so far, this is because the market is so unpredictable. We won't know what if the price dips more? So, it is always better to have a spare cash in hand than doing all in most of the time.
Well I've learned some new things from the thread. I've been accumulating BTC from some time now but I've learned something from the thread that can make my accumulating easier such as the best wallets and helpful tools. Noobs who plan on accumulating should read this thread. I'm doing DCA now and I agree that it's one of the best strategy for me because it suits myself.
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September 13, 2022, 08:57:51 PM
 #25

Whale's participations really have a huge market influence bringing most of us to rely upon them. We tend to know what really they do and plan next in order for us to be prepared but unfortunately, we did not.
In this situation of the market, DCAing is certainly the most applicable way of accumulating Bitcoin. Buy low, hold and sell if there is already a profit. In fact, this idea has already been practiced by many so I believe this is really working despite how these whales are doing and manipulating the market.
Whales will always be whales, and their influence on the crypto market has always been inevitable ever since. So it’s up to us how we can handle such situations that are caused by whales. It’s better if we could move normally and just don’t rely and ignore them like they don’t exist. As long as we always DYOR in the market and knows the best entry and the best exit, then everything good will follow. And when it comes to bitcoin accumulation, just buy low and sell high, and always do DCA so you cannot miss every price drop happening in the market.
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September 13, 2022, 08:59:37 PM
 #26

Great article that should be read by anybody who wants to buy some bitcoin or other crypto currencies. The main take away is to use the DCA method to take advantage of the volatility in the market.
We as an experienced bitcoiner, already knows all the stuff listed by the OP but still thanks for that. We can always re read it again as a form of review. The one that needs it the most are those who are noobs who are only getting started their journey in cryptos. Indeed that everyone should use DCA as it was the best strategy so far, this is because the market is so unpredictable. We won't know what if the price dips more? So, it is always better to have a spare cash in hand than doing all in most of the time.
Well I've learned some new things from the thread. I've been accumulating BTC from some time now but I've learned something from the thread that can make my accumulating easier such as the best wallets and helpful tools. Noobs who plan on accumulating should read this thread. I'm doing DCA now and I agree that it's one of the best strategy for me because it suits myself.

Yes dear there is no doubt 🤔 in it that DCA is true Potential Straight wat for the efficient investment but i think so as you mentioned new members should start accumulation so here comes another thing that if they follow steps of accumulation in the Bear and Consolidation zone point is how they can identify the Specific zone some of us can say that we can clearly see from the market movement.

But point is nope many of us was saying on 35k its the bottom or Peak of Bear but what happend we saw dip to 24k then a dip to 18k and then now we are in Bear Consolidation zone as markwt movement from the last few months is specifically limited so i would like to say they should also learn about it to analyze the current market zone.

A Question for new ones what if market goes to the 69k from the 22k in few months which it will be ?

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September 13, 2022, 09:38:43 PM
 #27

1: Use Dollar Cost Averaging (DCA) Technique:
In Bitcoin accumulation, this is very important.
In the DCA way of buying Bitcoin, you can minimize your possible loss because you only purchase Bitcoin when it will drop.  Buying a little by little using this method, will surely your investment becomes profitable when there's a new ATH.

All in all, OP has good input, and newbies should know this and educate themselves when it comes to accumulating Bitcoin.
It's a complete process of accumulating Bitcoin.
Not only for bitcoin, but also in all established coins in the crypto market, DCA is still very applicable. But since bitcoin is the most highly volatile one, then using DCA in accumulating bitcoin will surely work so far. I have been DCAing since the start of the bearish market, and it definitely helps me not to be worried with small price drops. And the fact that I’m into bitcoin for long term investment, that motivates me to never be affected with temporary price decline.

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September 13, 2022, 09:52:19 PM
Merited by JayJuanGee (1)
 #28

1: Use Dollar Cost Averaging (DCA) Technique:
In Bitcoin accumulation, this is very important.
In the DCA way of buying Bitcoin, you can minimize your possible loss because you only purchase Bitcoin when it will drop.  Buying a little by little using this method, will surely your investment becomes profitable when there's a new ATH.

All in all, OP has good input, and newbies should know this and educate themselves when it comes to accumulating Bitcoin.
It's a complete process of accumulating Bitcoin.
Not only for bitcoin, but also in all established coins in the crypto market, DCA is still very applicable. But since bitcoin is the most highly volatile one, then using DCA in accumulating bitcoin will surely work so far. I have been DCAing since the start of the bearish market, and it definitely helps me not to be worried with small price drops. And the fact that I’m into bitcoin for long term investment, that motivates me to never be affected with temporary price decline.
DCA is always been recommendable but we do know that not all does have the money on doing so on which accumulating coins on bottom price or whenever it do make out decline increments.

And also this would be only applicable into those coins which are really good for long term holds on which you wouldnt really be stressing out yourself if ever it would go down further since you
do know that it does really have the potential on recovery into its price specially with Bitcoin.

All matters with risk management or handling because handling out volatility and unpredictability of this market is never been simple.

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September 13, 2022, 09:54:58 PM
Merited by JayJuanGee (1)
 #29

3: Do not freak out:

One of the biggest benefit of long term investment is you don’t have to check market again and again. Thus you will face no tension. But to do that you have to build patience in yourself. Which you can do by not becoming a prey of FOMO (Fear of Missing Out).
FOMO, freaking out, panicking, these are the feelings that will never be gone to anyone. An old-time investor or a newbie will have to feel this from time to time.
Even if you're confident with the market, it's true that this feeling won't be gone. It will be there for a few minutes then it's gone again. Also me, still feels it but I'm not letting myself to manifest it and do panic selling.

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September 13, 2022, 10:13:39 PM
Merited by JayJuanGee (1)
 #30

3: Do not freak out:

One of the biggest benefit of long term investment is you don’t have to check market again and again. Thus you will face no tension. But to do that you have to build patience in yourself. Which you can do by not becoming a prey of FOMO (Fear of Missing Out).
FOMO, freaking out, panicking, these are the feelings that will never be gone to anyone. An old-time investor or a newbie will have to feel this from time to time.
Even if you're confident with the market, it's true that this feeling won't be gone. It will be there for a few minutes then it's gone again. Also me, still feels it but I'm not letting myself to manifest it and do panic selling.

i guess, that's a normal reaction of any investor in this market. but the difference is how each one of us decide on how to manage our portfolio. panic selling is common especially if there is terrible news going around. but if you are long enough in this market, you should know by now how to handle the situation to avoid huge losses. and this is when your belief in this market is being tested.

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September 13, 2022, 10:24:16 PM
 #31

Quote
important point in my opinion for beginners don't panic easily and buy bitcoin when the market is down.

I honestly don't think we should encourage the inexperienced to only buy when the market is on the downtrend as one can necessarily tell when it would always occur but rather buy when you got the money you can spare. Either buying at 60k or 20k, believe me, in the long run, there will be no such thing as regret.

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September 14, 2022, 02:35:43 AM
 #32

3: Do not freak out:

One of the biggest benefit of long term investment is you don’t have to check market again and again. Thus you will face no tension. But to do that you have to build patience in yourself. Which you can do by not becoming a prey of FOMO (Fear of Missing Out).
FOMO, freaking out, panicking, these are the feelings that will never be gone to anyone. An old-time investor or a newbie will have to feel this from time to time.
Even if you're confident with the market, it's true that this feeling won't be gone. It will be there for a few minutes then it's gone again. Also me, still feels it but I'm not letting myself to manifest it and do panic selling.

i guess, that's a normal reaction of any investor in this market. but the difference is how each one of us decide on how to manage our portfolio. panic selling is common especially if there is terrible news going around. but if you are long enough in this market, you should know by now how to handle the situation to avoid huge losses. and this is when your belief in this market is being tested.
This is where experience and practice are needed so that we can control our emotions to stay calm and be able to carry out the strategies that we have previously planned. For novice investors, panic may occur when FOMO or FUD is a normal occurrence, so self-control is needed by continuing to practice it. Moreover, waiting for a bullish market cannot be predicted by everyone, it could take longer than our analysis. Therefore, you have to prepare mentally from the start

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September 14, 2022, 04:25:54 AM
Merited by Hamza2424 (3)
 #33

Great article that should be read by anybody who wants to buy some bitcoin or other crypto currencies. The main take away is to use the DCA method to take advantage of the volatility in the market. I have been buying bitcoins since the start of the year myself, and its so much better to spread out your purchases across multiple months instead of buying everything at once. Who would have thought in January that bitcoins are going to drop down to 17,000 USD. The timing issue is one the biggest challenges in trading and with DCA we need to worry less about buying at the right price. Also DCA is well used strategy in stock trading for years.
Your example is the proof that sometimes DCA backfires when there’s clear bearish market trend while you keep buying for more. The price obviously hit the peak on 67K and the bullish is already ended the moment the price touch below 50% of the ATH. There’s a perfect time to apply DCA if you want to use it properly instead of randomly use it on a clear start of bearish trend for long term.

You are mixing up ideas, AbuBhakar.  DCA is not the same as buying on dip.  They have different underlying goals and objectives, and sure anyone is going to prefer to buy when the price is down, but DCA presumes that the buyer does not know which direction that they BTC price is going to go so there is a preference to get in at any price and to begin to buy and to tailor such buys to the buyers budget and to consider that the investment timeline is relatively long so that in the longer term the buys have good chances to be profitable down the road.

The mere fact that the BTC price went down does not mean that the DCA plan backfired because another goal of DCA is getting the fuck started rather than sitting on one's hands trying to figure out how much dip is enough of a dip and all of that baloney.  Sure, maybe you know when there is going to be a dip, or maybe after the price had moved down, then you can assert that the person bought too high.. but you are likely ONLY correct because you are looking at the BTC price afterwards, and at an earlier tiime you did not know if the BTC price was going to go up or go down..

I believe you lose a lot even if you do DCA if you keep buying since January until now. DCA is perfect if there’s already a sign of recovery in the longer time frame because you can guarantee that the price will be moving upward in long term.

That's not how DCA works.   DCA is not about trying to time the BTC price in the market, and so if you are trying to suggest that DCA is timing BTC price moves then you are looking at some other kinds of ideas, such as buying the dip or lump sum investing, and sure lump sum investing and buying the dip can complement DCA and they likely even attempt to account for timing of the BTC price but a pure DCA strategy would not be engaged in such price analysis.  The main analysis that anyone does in DCA investing is to assess the underlying asset (BTC in this case) in such a way to have a decently high level of confidence that the price of the underlying asset (BTC) has decent chances of being up in the longer term, and another thing that a DCA buyer would assess is his/her budget in such a way in order to figure out how much that they are able to DCA buy on a regular basis in order to determine the quantity to buy and the increments in which to buy, and they also might attempt to assess their target BTC accumulation levels including how long they would like to shoot for in order to achieve their BTC accumulation targets and whether they want to approach their investment into BTC through aggressive amounts of injection of value or more whimpy injections of value, and of course they can assess the trade offs to each and they can adjust their approach at anytime including considering whether they want to supplement their DCA strategies with buying on dips and/or lump sum investing (or timing the market like you suggest.. but those would be supplemental approaches to DCA rather than the exercise of a more pure DCA strategy that does not need to employ the timing of purchases.. but instead to purchase relatively regularly.

1: Use Dollar Cost Averaging (DCA) Technique:
In Bitcoin accumulation, this is very important.
In the DCA way of buying Bitcoin, you can minimize your possible loss because you only purchase Bitcoin when it will drop.  Buying a little by little using this method, will surely your investment becomes profitable when there's a new ATH.

All in all, OP has good input, and newbies should know this and educate themselves when it comes to accumulating Bitcoin.
It's a complete process of accumulating Bitcoin.
Not only for bitcoin, but also in all established coins in the crypto market, DCA is still very applicable.

DCA does not necessarily apply for shitcoins.. because you first need to assess that they asset that you are investing in has decent chances to have higher prices down the road in  terms of whatever happens to be your investment timeline, such as 4-10 years or further down the road.. and if you are being honest in your assessment of whatever shitcoin you are looking at, the overwhelming majority of shitcoins are going to fail in that kind of longer term value assessment.

Sure, you can buy and sell shitcoins and attempt to increase the size of your investment portfolio, but getting involved in shitcoins is more likely a question of timing your investments rather than employing DCA in an intellectual honest way.  In other words, generally speaking fuck shitcoins... and get into them at your own peril if you like gambling and if you believe that you can time your in and outs. 

By the way.. you are trying to assert that if the shitcoin is "established" then that would be enough to employ DCA with that coin, and it seems to me that you are deluded if you believe that a mere assessment that it is "established" is going to be enough to cause such coin to have value that makes it worthy to justify employing a DCA approach with it.
 
But since bitcoin is the most highly volatile one, then using DCA in accumulating bitcoin will surely work so far.

Mere volatility does not rule out having a DCA approach, and actually volatility give a decent amount of justification towards the employment of DCA as a BTC accumulation strategy.... and again amongst the most important of assessments would be for the BTC accumulator to determine that they believe that BTC's price trajectory is generally upwardly inclined and not likely to go to zero or to be downwardly declining... Therefore when the BTC price goes down, there is a presumption that it's price is going to return up at some point.  Generally speaking, the same presumption of an upward price trajectory is not possible to do with the overwhelming majority of shitcoins, including the "established" ones.. so if you do conclude that any of the shitcoins do likely have an upward price trajectory, then you could DCA invest into them.

By the way, there are a large number of shitcoins that almost totally rely on the upward price trajectory of bitcoin as a presumption that they will still be able to survive and to have an upward price trajectory in the long term, and it seems to me that having reliance on BTC's upward price trajectory at their investment thesis should NOT be enough to justify investing in them or even presuming that they are going to have an upward price trajectory merely because they rely upon bitcoin's ongoing upward price trajectory.. so in that regard, there remains justification to get into BTC and/or to DCA invest into BTC based on BTC's asymmetric upward price trajectory. 

I have been DCAing since the start of the bearish market, and it definitely helps me not to be worried with small price drops. And the fact that I’m into bitcoin for long term investment, that motivates me to never be affected with temporary price decline.

Well at least you are thinking about bitcoin and not totally distracted into thinking about shitcoins. 

3: Do not freak out:

One of the biggest benefit of long term investment is you don’t have to check market again and again. Thus you will face no tension. But to do that you have to build patience in yourself. Which you can do by not becoming a prey of FOMO (Fear of Missing Out).
FOMO, freaking out, panicking, these are the feelings that will never be gone to anyone. An old-time investor or a newbie will have to feel this from time to time.
Even if you're confident with the market, it's true that this feeling won't be gone. It will be there for a few minutes then it's gone again. Also me, still feels it but I'm not letting myself to manifest it and do panic selling.

It does seem that the longer that you have been into bitcoin and the more that you have tried to engage in reasonable and prudent BTC accumulation strategies, then the more likely you will not freak out in any of the ways that you mentioned..

It can take a while to build your BTC accumulation position, so the psychological breaking points of various people are going to vary, and each person does need to attempt to find a kind of BTC accumulation approach that help to bring some level of balance to their psychology, even when there are large BTC price moves that go beyond expectations.. which we know does seem to happen fairly regularly in BTC, and you are correct that even longer-term investors into BTC might get nervous about some of the extremes in the BTC price movements.

Quote
important point in my opinion for beginners don't panic easily and buy bitcoin when the market is down.
I honestly don't think we should encourage the inexperienced to only buy when the market is on the downtrend as one can necessarily tell when it would always occur but rather buy when you got the money you can spare. Either buying at 60k or 20k, believe me, in the long run, there will be no such thing as regret.

You are describing dollar cost averaging, which is to buy at whatever price, within parameters that are hopefully somewhat personally tailored to the person who is employing such DCA strategies.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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September 14, 2022, 12:38:34 PM
 #34

The cryptocurrency graph market picture makes it clear understand when to invest on Bitcoin entry point to buy and to sell as short term holding, as market Dip, which added advantage of holding stable coins to invest at dip for a profit return investment which has already explained.
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September 14, 2022, 01:36:09 PM
Merited by JayJuanGee (1)
 #35

3: Do not freak out:

One of the biggest benefit of long term investment is you don’t have to check market again and again. Thus you will face no tension. But to do that you have to build patience in yourself. Which you can do by not becoming a prey of FOMO (Fear of Missing Out).
FOMO, freaking out, panicking, these are the feelings that will never be gone to anyone. An old-time investor or a newbie will have to feel this from time to time.
Even if you're confident with the market, it's true that this feeling won't be gone. It will be there for a few minutes then it's gone again. Also me, still feels it but I'm not letting myself to manifest it and do panic selling.
You are right, this feeling will not go away as long as we are still in the crypto sphere and of course FOMO and panic selling are definitely there for that, you can't deny this but still we can prevent it from doing it because for me anything can be done it's from us.
As long as we are strong we can make it happen and stay in a firm position not to be affected.

DCA does not necessarily apply for shitcoins.. because you first need to assess that they asset that you are investing in has decent chances to have higher prices down the road in  terms of whatever happens to be your investment timeline, such as 4-10 years or further down the road.. and if you are being honest in your assessment of whatever shitcoin you are looking at, the overwhelming majority of shitcoins are going to fail in that kind of longer term value assessment.

Sure, you can buy and sell shitcoins and attempt to increase the size of your investment portfolio, but getting involved in shitcoins is more likely a question of timing your investments rather than employing DCA in an intellectual honest way.  In other words, generally speaking fuck shitcoins... and get into them at your own peril if you like gambling and if you believe that you can time your in and outs. 

By the way.. you are trying to assert that if the shitcoin is "established" then that would be enough to employ DCA with that coin, and it seems to me that you are deluded if you believe that a mere assessment that it is "established" is going to be enough to cause such coin to have value that makes it worthy to justify employing a DCA approach with it.

Shitcoin is not a safe place for the long term this is not the right DCA category because shitcoin is not a coin that can increase after a few years but instead drops down and is not worth it anymore, I think there have been many examples of shitcoins falling so I guess stay away from it better.

But still, if you only want to increase your portfolio by just selling and buying, I don't think it's the right one for the long term but for the short term you have to play it, it's a big risk, the assets could fall by 60% due to shitcoins because for me this has happened a lot Shitcoin is vulnerable.

DCA remains on a safe coin i.e. BTC we already know in the future it will increase between 5-10 years so I guess trust 1 coin with confidence that it can increase.

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September 14, 2022, 04:20:22 PM
 #36

Great article that should be read by anybody who wants to buy some bitcoin or other crypto currencies. The main take away is to use the DCA method to take advantage of the volatility in the market. I have been buying bitcoins since the start of the year myself, and its so much better to spread out your purchases across multiple months instead of buying everything at once. Who would have thought in January that bitcoins are going to drop down to 17,000 USD. The timing issue is one the biggest challenges in trading and with DCA we need to worry less about buying at the right price. Also DCA is well used strategy in stock trading for years.

Your example is the proof that sometimes DCA backfires when there’s clear bearish market trend while you keep buying for more. The price obviously hit the peak on 67K and the bullish is already ended the moment the price touch below 50% of the ATH. There’s a perfect time to apply DCA if you want to use it properly instead of randomly use it on a clear start of bearish trend for long term.

I believe you lose a lot even if you do DCA if you keep buying since January until now. DCA is perfect if there’s already a sign of recovery in the longer time frame because you can guarantee that the price will be moving upward in long term.
I hope newbies don't misunderstand DCA. although DCA is very suitable for beginners in periodic investments. but beginners should know what its functions and uses. and when to apply. for more complete beginners should look for further explanation references that have been widely spread in articles on various webs.
DCA cannot be used with origin or only with guesswork. because DCA must be combined with various supporting analyzes. Before deciding to use it. Prior to DCA, it is necessary to analyze the assets that will be entered and become targets for gradual purchases. The analysis includes Technical Analysis, Fundamental Analysis, Risk Sentiment Analysis and several other analyzes. if someone does a DCA and the price keeps dropping I think he missed one of the analyzes. because if the analysis is done correctly it will be very helpful in determining the right time and position to use DCA. so that gradual purchases must be placed at the right point. But for investors, the DCA technique in addition to minimizing the level of loss but also helps a little in controlling psychology.

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September 14, 2022, 04:33:51 PM
 #37

Quote
important point in my opinion for beginners don't panic easily and buy bitcoin when the market is down.

I honestly don't think we should encourage the inexperienced to only buy when the market is on the downtrend as one can necessarily tell when it would always occur but rather buy when you got the money you can spare. Either buying at 60k or 20k, believe me, in the long run, there will be no such thing as regret.

Yes, that's nice! But before any of that accumulation process, the most important advice we should give to the beginners is to do some research first and let them know what they are trying to do because they can't be buying and buying bitcoins or other coins in the market even if they have some spare cash or buy when the market is down. They should know what to do too after that process and they cannot know any of that without first-hand knowledge.

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September 14, 2022, 05:47:01 PM
 #38

Before accumulation in Bitcoin The first thing to do is to decide how many bitcoins you want to buy.You divide these bitcoins into different parts.That is, DCA strategy. As much as the price falls, you have to buy BTC, always take advantage of the bear market. If the price falls further, then enter. This method will reduce the loss and increase the profit.
Always use trading indicators.like RSI This will give you an idea of ​​whether the price of Bitcoin will go up or down and you will be able to take a timely entry.
Always check Bitcoin volume whether there are more buyers or more sellers. If there are more sellers, the market price will fall and your entry will be profitable.Support points and resistance points should be known which supports, if broken, how far the price can fall.There should never be a panic in the bear market. The market will definitely go up again.

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September 14, 2022, 07:47:18 PM
Merited by JayJuanGee (1)
 #39

Before accumulation in Bitcoin The first thing to do is to decide how many bitcoins you want to buy.You divide these bitcoins into different parts.That is, DCA strategy.

Most people don't know how much they want to buy. For instance, I started getting into bitcoin when it was worth less than 1k USD. If you asked me back then what can it be worth and how much I'd like to have, I'd say that it can be worth maybe 10k USD and for me 10x on bitcoin is enough, therefore I'd like to have at least 10 and my DCA would focus on that number, but at this point if I had nothing I'd say the goal is 100k USD and I'd like to have 1 bitcoin by then. Goals change depending on how much money you have, bitcoin's ATH and many other things.

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September 14, 2022, 10:02:18 PM
 #40

3: Do not freak out:

One of the biggest benefit of long term investment is you don’t have to check market again and again. Thus you will face no tension. But to do that you have to build patience in yourself. Which you can do by not becoming a prey of FOMO (Fear of Missing Out).
FOMO, freaking out, panicking, these are the feelings that will never be gone to anyone. An old-time investor or a newbie will have to feel this from time to time.
Even if you're confident with the market, it's true that this feeling won't be gone. It will be there for a few minutes then it's gone again. Also me, still feels it but I'm not letting myself to manifest it and do panic selling.

i guess, that's a normal reaction of any investor in this market. but the difference is how each one of us decide on how to manage our portfolio. panic selling is common especially if there is terrible news going around. but if you are long enough in this market, you should know by now how to handle the situation to avoid huge losses. and this is when your belief in this market is being tested.
I'm long and although there's a bit of shock whenever I see terrible news that's close to making me panic but I don't sell. Good thing that tolerance from the market has helped do it.
It's not that easy but it's manageable when you've been here for years and you still have a long position.
Those that are starting out will make them realize that it's a long way to go for them to have that risk tolerance and can avoid completely panicking.

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