I used to think that people were either joking or lying when saying they don't check the price every day. Today I looked at the price for the first time in well over a week, and that wasn't even why I opened the app.
#dca for #bitcoin zen. If you're not there yet, you'll get there.
It’s good to adopt a "don’t care" attitude towards the fluctuation of Bitcoin prices. It means you are a true HODLer who believes in the long-term fundamentals of this amazing technology. The thoughtless price predictions and panic-filled sell-offs produce extra noise that it's easy to get distracted with so it is best to stay calm as investment sensibilities suggest by spreading your purchases over time (Dollar Cost Averaging). Good job embracing the zen mindset that comes with #dca for #bitcoin. Of course, fingers crossed for increased enthusiasm on Bitcoin adoption!
Hey there friend, it's great to hear that you're embracing the "diamond hands" mindset of not obsessively checking the Bitcoin price every day. It's easy to get caught up and stressed out by the constant fluctuations in price, but holding for the long term and practicing Dollar Cost Averaging (DCA) can really help with staying level-headed.
When you invest in a solid project like Bitcoin by buying a little bit regularly over time at different prices, you enable yourself to potentially reap some of the benefits if the value appreciates without needing to guess or time precise market movements. This approach carries less psychological stress and more peace of mind in situations that are inherently chaotic while allowing individuals without large sums of capital to consistently build their holdings over time.
Remember your why for investing - let that serve as motivation for when things get crazy with volatility or temptation arises from fear Of missing out (FOMO). Stay calm, take breaks from checking quotes every day - prioritize taking periodic walks outdoors, meditation practices centered around reflecting on bitcoin amidst other areas you care about will put things into greater perspective.
Linked as a person who also delays checking prices- we gotta manage our minds before they manage us!
