Due to the fluctuation of Bitcoin price most investors who are holding their Bitcoin are scared of losing their entire Bitcoin because of the frequent changes of Bitcoin price recently, some investors are panic of selling all their Bitcoin because they don't want to lose everything.
First of all, investors must have the mindset that losing is part of the deal, a lot of investors panic and sell their Bitcoins because they don't want to lose or are scared of losses, that fear is actually what makes them incur losses because they end up making mistakes that lead to it. The price of Bitcoin cannot be stable, generally the dynamics of Bitcoin goes through an upward and downward direction.
So what are your advice to those long-term investors?
Should they sell their Bitcoin or they should keep holding to it despite the unstable state of Bitcoin price recently?
The obvious answer to this question is for investors to hold their coin if they intend to build wealth with Bitcoin. If you are running a long term investment then I don't see any reason why you should monitor or check the charts continuously, this only makes you an anxious investor.
