Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account. Don’t let your emotions get too much into it else you might make the wrong decision and sell at the wrong time. The best thing you can do is to not look at it, even if crypto is going up or down. That’s exactly what I do especially now that it’s dipping, I don’t want to stress over it because I believe if I hold and wait patiently Bitcoin is going to rise again.
My all time investment strategy is buying more when crypto is dipping, holding and selling back when it increases. In 2020 I bought ethereum when it was $700 and sold when it was $4000 in 2021. Within 2020 and 2021 when the price was going up and down, I decided to ignore the dip and hold on to it till I eventually sold at a good price.
This is the right time to buy more cryptocurrencies especially Bitcoin because the more people come into the market and increases their demand for it, its value continues to grow rapidly.
I tried acting like this in the past , I even wonder how to forget about the investment and let it there for at least 3-5 years , but suddenly ? i cannot manage to make it happen because it is hard to deny the fact that when browsing this forum we will be triggered to check the market from time to time so just admit it, we are here to check our valued asset each time and decide what to do after.
and this is why many are turning into losses because of panicking after seeing the market fall badly.
I think checking the market is not the problem, if you are not taking any actions then checking the market is fine. I haven't sold many coins for the past 2-3 years, I mostly bought and stored them on binance and did nothing else. Have I not been here? I have been here for so long that I actually earn enough money from writing here that I can put that into bitcoin and store that as well.
That 50 bucks I earned 2-3 years ago for writing a week? Well, that is now 200 bucks because of how much the price went up. This is how you make money, you buy and you hold, and if you really really need to, sell only a little. As long as you do that, you could always be here, or check the markets.