Ran NeuNer Shared: Monitoring the value of your portfolio too often is a mistake. You will focus on the moves in the profits/loss and not on the big picture/strategy. I don’t look at the value more than quarterly and even that’s too much.

Community Response:  Buy good fundamental cryptocurrency coins and watch them do their magic.

If I had 30 million, I would not be too worried about the profit and loss in cryptocurrency prices. Perspective is everything sometimes. Saying this with love.

The longer term is still most important. I jumped in when bitcoin was at 42 k 3 weeks ago for the first time and already learnt it.  HODL!

Ouch! You are not alone.  Just HODL don’t sell.  BTC took such a rapid unexpected swing to the downward side that many of us got caught in alts at BTC prices of 45k and 41k. The bright side is that you came in at these levels.  Not the top at 69k prices.

True. The core of psychology of money. Plus follow developers – not price like Ran said on the show.

It’s always wise to take out initial investment after IDO. Hope you didn’t buy right after launch. I did buy a token right after launch once in my life.

PATIENCE and CONVICTION! 75% of my portfolio, I have not sold in over a year and a half! Long wins in the crypto space.

Definitely, need to get more comfortable with my bags to not look at the value.

 

Check your portfolio value daily, or at least your biggest positions. How would you know when to buy the dip?

If we all separate Investment from Trades we won’t care if the market goes up and down short term. Investment is for many months and years. Patience is the key.

I don’t think advising against taking profits at times for at least repositioning for cash reserves to accumulate in down markets is good advice. Sure, most of us are in some long-term projects, but taking some profits is relevant for some investments, so we can DCA in others.

 

It is great advice, but when you are not rich, it is not the same bro. Tough to put 5k or so into catch a crash. Not a thing – if you are sitting on millions. Mad respect – just saying.

I have been struggling a little bit on this very topic but I believe in crypto diamond hands.

Tend to disagree, the general principle is correct but with crypto you need to be agile. If an investment suddenly shoots 1-2 X then you should really take profits, but still leave a moon bag. And on the other hand, if an investment tanks, which happens 90% ($time) should look at protecting capital.