How often do you check on your Crytpo/Bitcoin?

[bayu7adi]

yes, it's mandatory for crypto holder to check the price of their holdings. Specially for Bitcoin in the last week or so, we have seen swings, from $63k-$57k and now we are back at $63k again.

So from time to time, even if you are short or long term holder, you must check the price and see the current news that could have affected this price movement be it negative or positive news.

In fact, it's not as important as you think, because basically the price changes are not caused by your activity, but by market activity... Long term holders should not check prices too often because it could affect their emotions in holding... target Long-term investments are time-based, so you may only need to monitor prices if you have free time...

just knowing the price without taking action seems to happen more often to long-term holders.

[DabsPoorVersion]

yes, it's mandatory for crypto holder to check the price of their holdings. Specially for Bitcoin in the last week or so, we have seen swings, from $63k-$57k and now we are back at $63k again.

So from time to time, even if you are short or long term holder, you must check the price and see the current news that could have affected this price movement be it negative or positive news.

In fact, it's not as important as you think, because basically the price changes are not caused by your activity, but by market activity... Long term holders should not check prices too often because it could affect their emotions in holding... target Long-term investments are time-based, so you may only need to monitor prices if you have free time...

just knowing the price without taking action seems to happen more often to long-term holders.

Mandatory or not it all depending on the investor. Some investor wants to timely or spend at least a little of their time on a daily basis to see the status of their investment. I think it also includes the safety condition of their investment. Even if it is stored in a wallet, it's not bad nor a waste of time to check it. The level of importance of checking the investment solely depends on the person.

Even if it can affect the emotions they have, the decision will always be on the invedtor itself. Whether they will let them have a fear with their holdings or not, that's all part of being an investor.

[Gladitorcomeback]

In fact, it's not as important as you think, because basically the price changes are not caused by your activity, but by market activity... Long term holders should not check prices too often because it could affect their emotions in holding... target Long-term investments are time-based, so you may only need to monitor prices if you have free time...

Important or not, it just feels right to stay updated about the market and how it is doing, you need to be aware of the prices of certain cryptocurrencies that you might have on your watchlist for a potential investment you have been thinking about, and even if there is nothing of that sort, it still isn't easy to stay away from the market, especially if you have some money invested whether it is for short term or long term.

I don't know how many times a day I watch the market, there might be no purpose but after every now and then I reach out to my pocket, take out my mobile, and check the market only to stay updated about the prices because I like doing that, no obligations but still.

[joniboini]

and even if there is nothing of that sort, it still isn't easy to stay away from the market, especially if you have some money invested whether it is for short term or long term.

Have you tried to use a notification tool? I'm sure some people already mentioned it before, not sure if it is on this thread or not but I can vouch that a notification bot/tool is very helpful. There are free services if you don't want to pay for them, or you can build your own with some coding. At the very least, it helps you know whenever a big change happens on the market. Stuff like sending a notification when BTC is at $100k or $10k is also standard, so you can get them easily. For me, it help me reduce anxiety and help me distance myself from the market in a healthy manner.

[taufik123]

Yes, it's mandatory for crypto holder to check the price of their holdings. Specially for Bitcoin in the last week or so, we have seen swings, from $63k-$57k and now we are back at $63k again.

So from time to time, even if you are short or long term holder, you must check the price and see the current news that could have affected this price movement be it negative or positive news.

must remain vigilant and need to carry out a backup strategy.
If the initial purchase was still low enough compared to today, it was still quite safe.

But it never hurts to make a repurchase to accumulate more bitcoin holdings.
Do technical and fundamental analysis to know where bitcoin is going.

[Dr.Bitcoin_Strange]

In fact, it's not as important as you think, because basically the price changes are not caused by your activity, but by market activity... Long term holders should not check prices too often because it could affect their emotions in holding... target Long-term investments are time-based, so you may only need to monitor prices if you have free time...

Important or not, it just feels right to stay updated about the market and how it is doing, you need to be aware of the prices of certain cryptocurrencies that you might have on your watchlist for a potential investment you have been thinking about, and even if there is nothing of that sort, it still isn't easy to stay away from the market, especially if you have some money invested whether it is for short term or long term.

I don't know how many times a day I watch the market, there might be no purpose but after every now and then I reach out to my pocket, take out my mobile, and check the market only to stay updated about the prices because I like doing that, no obligations but still.

Staying on top of every information concerning the crypto market is indeed very important, especially for those who have an active investment, or those who are still aspiring to join an investment and are curious to know about the market.
One way to always make an informed choice and always update and adjust your strategy is by always keeping an eye on the price movements.

Although, even if one isn't actively investing it's actually normal to feel inquisitive about the market, especially when you've got interest in crypto investment.
The crypto market is volatile and highly unpredictable so staying updated about the market could really help us to make more informed choices.

[taufik123]

-snip-
So from time to time, even if you are short or long term holder, you must check the price and see the current news that could have affected this price movement be it negative or positive news.

In essence, you must remain stanby to check.
But some people who are too busy with other jobs just start buying and leaving it and opening it again for an undetermined period of time.

But the advantage is that he will remain a long-term holder without emotion because the price target to be achieved will still be long to be realized.
But some people who hold other coins are even too long to hold them, so their pumping moment is missed and can't sell at a high price.

[bounceback]

In essence, you must remain stanby to check.
But some people who are too busy with other jobs just start buying and leaving it and opening it again for an undetermined period of time.

But the advantage is that he will remain a long-term holder without emotion because the price target to be achieved will still be long to be realized.
But some people who hold other coins are even too long to hold them, so their pumping moment is missed and can't sell at a high price.

My working full online and have more time for checking market price condition, but some time when get busy after investing in some coins make limit sell order and checking after all my offline job is done. But interested by watching or spending our time every hour to check market condition, we always get moment when market crashing and has opportunity to buy back at lower price.
but for some trader have spend time with offline job, make buy or sell limit order and opening after having free time are there your order filled or not?

[bayu7adi]

My working full online and have more time for checking market price condition, but some time when get busy after investing in some coins make limit sell order and checking after all my offline job is done. But interested by watching or spending our time every hour to check market condition, we always get moment when market crashing and has opportunity to buy back at lower price.
but for some trader have spend time with offline job, make buy or sell limit order and opening after having free time are there your order filled or not?

Investing in cryptocurrency can be done easily, I'm sure it won't take much time if you've done it before. So I think the hustle and bustle of investing in cryptocurrency doesn't really require a lot of time.

then monitoring prices with shorter timeframes shows that you are a short-term trader, or perhaps a day trader. that's normal for day traders, but for people who are busier or perhaps find that long-term investing is more fun, checking prices with lower time frames is certainly not as important. So, it comes back to each trading style.

Dump and pump moments occur more often in coins with high volatility, such as meme coins, meaning they cannot be used as a reference as an asset for long-term investment.