About a week ago I decided to delete everything crypto related from my phone. Reddit is the only app that has survived my purge but I did turn off all its notifications.
Over the past years I have been sensible about my investments. Even though I thought crypto was just a serious hobby, I did notice my mood changing when prices dropped/pumped. This in itself is understandable, however, unconsciously I was checking prices multiple time an hour. Not good.
At this point I started tracking my behavior and found that, in my opinion, crypto was impacting my life to such degree that change was needed.
What did I do?
- Deleted 3 CEX apps
- Deleted 2 Crypto tracking tools
- Deleted two wallets (don't worry, everything is safely backed up in the non-digital world)
- Left several community chats on 2 apps
- Deleted some P2E app on my phone that I had never used
- Turned off all Reddit notifications but kept the app to stay up to date on sentiment. Plus, I enjoy being active in this community.
What happened?
- I have my focus back
- I'm not worried about prices anymore. I'm in it for the long run with set targets
- No more mood swings and more motivation to meet friends or to go to the gym
- MUCH lower perceived stress level
- Weekly phone use halved!
- Checking prices once per week on Saturdays
TLDR: I can recommend to everyone to take a step back from your daily crypto routine. Delete some apps/wallets from your phone (please, make good backups just in case) and cut down on your screen time. Try it for a week and see how you feel. If you DCA, you can automate that. Crypto will still be there, even when you haven't checked the prices in a while.
All you need is time exposure to the market. You don't need to spend more time checking the prices.
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