The majority believe that they are more intelligent investors when spending their time watching crypto charts all day. I used to believe the same. I was always monitoring prices, and I believed that the more screen time and updates would come, the easier decisions were going to be made. With time though I realized that this habit was slowly working against me.
Tracking each minor price fluctuation brought about unneeded pressure and led me into making decisions, which were emotional in nature. The short term volatility started to become more significant than the initial underlying causes of my investment. I was not using a road map but instead responding to noise red candles caused anxiety, green candles caused excitement and neither served to help in the long-term development.
This started to change when I started limiting my frequency of checking the charts. Having lesser emotional stimulants, my strategy was more relaxed and professional. I began not to respond to each increase and decrease, not to make independent trades based on social media hype and began to concentrate on those projects with solid fundamentals and potential. I made decisions that were more deliberate and not in response.
The market was the same but my attitude was different. Cryptocurrencies compensate patience, clarity and consistency much more than attention. Leaving the screen will not be a loss of control; it is in most cases a smarter and more sustainable approach to remaining invested. I wonder how other people go about this. Do you look at charts very often, or have you discovered in withdrawing? It is in this space that we all learn and get better by sharing various views.