“You can really only weather these storms with a sense of calm and stoicism if you actually believe in the reasons you hold it,” says coryklippsten. With scottmelker, DoveyWan, danclarkie. As told to jeffwilser.
Since you rolled out of bed, how many times have you checked the price of bitcoin? How often have you checked your portfolio? How many podcasts, articles, YouTube videos, Reddit posts or Twitter threads have you devoured to learn about whether the bear market’s “bottom is in”?“To mentally be able to survive, you need to tune it out,” says Scott Melker, aka. He’s telling you to ignore the price, the trading and the obsessive checking of your phone at three in the morning.
Then came the bear market. To preserve his sanity, Clarke put a halt to his trading and motorcycled across Indonesia, eventually moving to Bali for a “quieter and more relaxed life.” “Dollar cost averaging is price agnostic and market agnostic,” says Melker, adding that it takes advantage of the tendency of markets – over the long run – to climb. Short-term trends are hard to predict. No one knows whether the price will go up or down in the next five minutes. But the next five or 15 years? “The more you zoom out, the more it’s almost guaranteed that the price will eventually rise, which has been the case with effectively any meaningful market in history,” says Melker.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reality AF: Running Wild's Bear Grylls on Survival Tips, Celebrities, and That Nickname + What to Watch This WeekFor this week's Realty AF, terryterrones caught up with RunningWild's BearGrylls to talk survival tips, celebrities, and that (awesome) nickname + what to watch this week
Read more »
Picking The Right Distributor: 7 Tips For Indie ArtistsArtist managers break down the three tiers of distribution services, how to find one that best suits your needs and what to do before signing a contract.
Read more »
We Asked Parents With Migraine to Share Their Best Tips for CopingParenting can be a headache for anyone. But parenting with migraine can be a challenge like no other.
Read more »
Decluttering Tips: A new way to save keepsakes and cut clutterA new online platform lets you upload photos of your beloved keepsakes, plus the stories behind them.
Read more »
How to say no: Boundary-setting tips from Nedra TawwabTherapist Nedra Glover Tawwab discusses how she helps illuminate choices so people can reclaim control of their lives, establish healthy boundaries and enjoy rewarding relationships.
Read more »
The 7 Best Hydration Tips We've Ever Heard From ExpertsWe've rounded up the best thirst-quenching tips from top doctors and experts. 💧
Read more »