Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: igor4btc on April 22, 2021, 03:30:42 PM
-
Set alerts for major dips and also for gains, have a look at bitcointicker.co for the 24-hour view in the morning and make your decision on what your doing today, buy, sell, hold, or swap, etc,
set your market limit buy/sells for the day for buying in and selling and also coin pair swaps and your free until tomorrow but mAke sure you log all trades into coinstats or something similar or use your own excel sheet or program your own small logging program for desktop or mobile etc even a browser app will do.
-
I check the Bitcoin price four, maybe five times a day. Sometimes - more often than that.
-
Every morning when I wake up I always check Bitcoin price changes, especially when I am actively trading daily I can check the Bitcoin price up to 10x in one day. Since I got to know Bitcoin, I have been happy to keep up with this change in Bitcoin price. So I can find out how much the Bitcoin price changes every day.
-
Right now at home i have a browser tab that is constantly open with current candle chart of Bitcoin so pretty much one could suspect first stages of addiction I am not worried though being a core sailor and man of the sea I can find joy in other things than current price of BTC
-
I try to check my crypto portfolio whenever i get time from study. I always try to grow my portfolio so that i can make more on crypto and invest more. I always go to cmc or coingecko to check the overall condition of the crypto market and get ready to make profit whenever i can.
-
In this bullish season, I always check my altcoins or Bitcoin asset daily. At least, I will check all my crypto assets weekly. I become more active in buying and selling in this bullish season. I am trying to get the maximum profits with my crypto assets. I think it is the right time for trading our crypto assets.
-
Whenever I have free time I always check, before going to bed I also check and wake up I check. And I always read the news too so I don't miss the moment.
-
I think everytime or what we call time to time because anytime there would be changes in market so that iif it would be happen, you're ready what to do.
-
If you are not a day trader there is no need to keep on checking BTC price throughout the day, if you have decided to invest in BTC for the long period, what is the purpose of checking BTC price regularly. Weak hands are mostly affected by this, they sell whenever they is a small correction in the price, and if they look at the price less frequently, it will help them to hold on better.
-
If you're having an investment, it is important that you check on them from time to time, but in other for you to have a complete rest of mind, you need to have your digital asset on a non custodial wallet and hold, after doing this, you may go on checking the market performance with the kind of coin invested, speculate and know more about the security measures to take and ensure you're always on track.
-
I think that at all times, every crypto enthusiast is always active with price updates and alerts, especially traders who keep themselves updated with price at all times. Although I am not a day trader, there is no day that passes without me checking the price of Bitcoin and some other coins. Many times I check the price a day.
Setting buy and sell limits should only be done by traders who are always trading every day and are also active with price volatility; otherwise, you can just get your orders executed at a price you may later regret why you sold so soon or why you bought so soon. Although the best thing to do is to have a target price at which you are very determined to sell or buy, so that even if the price surges or dips, you will not keep thinking about it.
-
If you're having an investment, it is important that you check on them from time to time, but in other for you to have a complete rest of mind, you need to have your digital asset on a non custodial wallet and hold, after doing this, you may go on checking the market performance with the kind of coin invested, speculate and know more about the security measures to take and ensure you're always on track.
Of course, at least once or twice is enough to check the price within the day and see where are the market. And then look for the reasons as why it dip or regain in the last 24 hours, just be informed on what is happening around. But if you are like a day trader, then you have to sit back and watch it in front of your machines and see where and when you are going to take the trade to make profits. So it's two different approach but the end result will still be the same, we are looking for profits. But I will say that there could be more pressure for day traders though to squeeze some money as compare to investors who are a long term trader.
-
Some time ago, I quite significantly checked market movements, especially Bitcoin prices, news, and also some other information. However, a few days ago, I reduced the intensity to reduce stress because the Bitcoin price had dropped quite a lot. Even though the BTC price continues to experience movement, sometimes it drops quite far.
Even though we actually understand the price, this is how Bictoin's volatility is. Therefore, after I came back to my senses, I convinced myself that the market would be fine. I just need to reduce the intensity of checking the market. Because my target is for the long term. So, at the very least, after the halving, we will start diligently checking market movements and also the fundamentals.
-
Re: How often do you check on your Crytpo/Bitcoin?
More often than you can imagine. :D
Kidding aside, I only check it once or twice a day because I don't see any sense of opening the Coingecko app hourly if you know that there hasn't been that much difference that's happening with the market, and when I mean "that much difference", I mean double-digit percentage gains or losses.
A gain or loss of around ~5% for me is pretty normal knowing that I've seen it happening numerous time already, and it came to a point that I just completely ignore it even though I open my notifications on my Coingecko App. Speaking of Coingecko, it also helped me not to open the app many times because I just simply put the coin that I watch into the watchlist, open the notifications so I can keep myself updated on what's happening with the coins that I watch, and the coins that I'm currently. holding.
-
On weekdays, due to my busy schedule at work, I check Bitcoin less as I prefer to take the rest of my time away from any of my gadgets. That's also my habit which I learned in the past to avoid panic selling every time that the price of the market suddenly goes down. It's actually helpful to do that because you would have less worry and stress.
During my day off, which is every weekend, that's when I see more often my crypto. I give more time as I sometimes do trading or find different crypto that I can add to my portfolio that I can hold. Because of that routine, I sometimes find some coins that are still not showing any price movement since the start of the rally, that's where I can see a great opportunity to invest.
-
I don't normally check my coins or asset on a regular, I just focus on accumulating more than checking my portfolio on a regular. When I mostly check it when there's a big breakthrough in market. Like prices surging in market . Because checking my coins on regular is like am testing my emotions, expecially when there's a dip I. Market . So aslong am holding my asset in a secure wallet I don't think there's any need for me checking it always. Expecially those that are in for long-term holding .
-
I don't normally check my coins or asset on a regular, I just focus on accumulating more than checking my portfolio on a regular. When I mostly check it when there's a big breakthrough in market. Like prices surging in market . Because checking my coins on regular is like am testing my emotions, expecially when there's a dip I. Market . So aslong am holding my asset in a secure wallet I don't think there's any need for me checking it always. Expecially those that are in for long-term holding .
I think it's natural for any person to be checking their wallets and portfolio. I literally do check mine and in already addicted to it. I check my wallet more often than I check on my web app since this bull run has started but right now. I don't do check it again since Bitcoin became stable, there has not been any significant change in the market ever since then.
If you actually bought your coins when price where, you don't need necessary need to be checking on your wallet address, your focus would be on the news that will determine how long the bull is going to continue or not.
-
I don't normally check my coins or asset on a regular, I just focus on accumulating more than checking my portfolio on a regular. When I mostly check it when there's a big breakthrough in market. Like prices surging in market . Because checking my coins on regular is like am testing my emotions, expecially when there's a dip I. Market . So aslong am holding my asset in a secure wallet I don't think there's any need for me checking it always. Expecially those that are in for long-term holding .
You are right, checking your wallet again and again is not a hobby of experienced investors. The newbies perhaps have this hobby, even I when was new to the crypto sphere and when invested in my first token which If I remember correctly was Gala. I checked my wallet again and again. And my emotions changed every time I saw the wallet, I felt sad when it went low even if it was $0.1 or 0.5 dollars low, and became happy in the vice versa situation. We all should only see wallets when required by market, or some other task.
Well, if we speak of traders, they do have to see wallets again and again with no other option. Because their profit depends on it. As traders plans don't go always as they planned, so observing the market is there best chance. The only thing we should be focusing on, is how we can control our emotions, and be confident in the market. Because overconfident is also a bad thing. Proper knowledge should be gained.
PS: BTW OP is long gone, haha, he is not active since 2021. ;D
-
Base on my country Economic Challenge which made the dollar very high and now the dollar is coming down so because of that use to check the market price to know how much is left in my wallet to if I convert it to my fiat currency. So because of that I normally check to see the price. But if the person is a short term investor, it is better for him to wait for the dip to invest. For now that the price is still high, even you set a limit, it would not make sense for the person because halving is already here. It is always good to buy the dip and hold as others said.
-
Depending on the investment goals I will apply, I hold Bitcoin long-term, so I will not look at my investment very often.
Maybe it's just limited to seeing what the last price is in a few weeks, or when the price really crashes, and it's time to add to my portfolio.
Too often, looking at and examining the portfolio will also result in unexpected decisions, because there will be panic when prices continue to fall.
But as long as the target is locked, and it is the main target, then there is no need to worry as long as you hold Bitcoin and top altcoins.
-
There is no passing day, I don't check my crypto wallet to see how much profits I have made in Bitcoin, since Bitcoin is main coin I do accumulate more than any other coin. Checking on my crypto wallet, from time to time helps me in deciding when to buy bitcoin at discount price since I am aiming for the bull run, to sell my bitcoin holdings.
-
Very often because this would help me when it comes to decision making and what to do next that would benefit me. Although it is not really necessary to check it all the time, still it is recommended because who knows maybe the price rises or falls. What are the odds that would happen from the moment you didn't check it.
-
Checking on my crypto wallet, from time to time helps me in deciding when to buy bitcoin at discount price since I am aiming for the bull run, to sell my bitcoin holdings.
You can check the price of BTC on CMC, and i think that is what should help you determine if you want to buy more coins or sell what you have, based on if BTC is rising or dumping. I don't see a need to check on your wallet everyday if you are not a day trader, but each to their own i guess.
-
I try to avoid checking the price at all on everyday, cause it can destroy my confidence of holding when I see sudden bumps and dumps. I only look into the big dumps and bumps via coinbase news alert so this is helpful to avoid clicking the panic sell on my own. ANd I would recommend you guys to do the same as well if you are long term investor.
-
How often one checks his holdings is determined by your investment goals. If your goals are for the short-term, then it's required to always check up for updates on your holdings more frequently so to know what direction the market is going and what action to take as well as when to take them.
But those who are long-term investors with with long-term goals, it's really not necessarily important to always check up on your holdings, except maybe out of curiosity or you just wanna update yourself on the latest information about your assets, and not necessarily to know what decisions to take and when to take em.
-
I don't keep a count really, I open the mobile app for the exchange that I use whenever I feel like it, and that is about 5 to 10 times a day approximately, it can be more or less depending on how much time I get in front of the screen. I check my portfolio and the prices more often when I'm working on my laptop because I can do it after minutes of working.
I watch the news and other updates more than the market itself because it's important to stay up to date with the latest trends and topics that are hot right now and what new things are we going to see in the coming days. These things give you a general idea about where the market is headed.
-
If i want to rest for some days without making trades, then i will take a leave a bit from trading and frequency for being online, because I've got nothing much to do, if anything is happening concerning the bear or bull market, i will receive an alert from the exchanges ion what the market is telling, also, sometimes i may just feel like holding for long in other for me to be able to rest or go on vacation without the stress of market volatility on mind.
-
How often do you check on your Crytpo/Bitcoin?
I am always checking the price movement of many crypto assets as I am mining an app where I can see the prices of the most valuable coins in the market. Now, it is quite exciting to be watching the prices whenever there is a surge but can be discouraging to see when there is a big dip. In the past, I used to check my holdings in my wallet just like watching a horse race as if I would be winning something if a coin will make it to a certain level. Surely, many people are also doing it now as top coins are getting to be very volatile. I checked the site mentioned above and it is actually good...this is my first time to know of it and I am adding it to my bookmarks.
-
Now, it is quite exciting to be watching the prices whenever there is a surge but can be discouraging to see when there is a big dip.
Unless you are emotionally strong, it is not advisable for you to constantly be watching the price of Bitcoin as it fluctuates up and down. This advice does not just apply to Bitcoin but generally to any investment in cryptocurrency that you have. Always monitoring the charts and the prices of your investments can make you respond emotionally and make a bad decision concerning investments.
-
In the past, I used to check my holdings in my wallet just like watching a horse race as if I would be winning something if a coin will make it to a certain level. Surely, many people are also doing it now as top coins are getting to be very volatile. I checked the site mentioned above and it is actually good...this is my first time to know of it and I am adding it to my bookmarks.
Though there nothing wrong, checking the market from time to time, but as a long term Bitcoin investor constantly checking the market may reduce the time span of your initial investment plan. I only check the market when I'm less busy or hear news of Bitcoin breaking a new Ath. Or again when I'm doing research on an altcoin I wish to invest in, I try my best to monitor it's movement chart just before I proceed with the investment.
-
As long as you're not making any mistake, you may need not to frequently check on your crypto wallet, except if you're into trading, there nothing that is going to take away your asset from you in as much that you have not rendered your wallet keys and security on a third party, it is also important that we understand why we need to make use of a non custodial wallet to hold our crypto asset.
-
I would be honest if I say that I am rather addicted to checking crypto prices. Even if I dont plan to sell or trade right now or in nearest future, I still check coingecko page probably once every few hours, and when I am away from pc and mobile is in my hand, I check crypto portfolio app, that updates prices. I cant explain why I do it. I might say that partly because it changes my mood, from cheered when everything is up, and have a feeling of being tired or apathy when everything is red. With years being spend together with crypto, I cant help myself from checking everything frequently.
-
As long as you're not making any mistake, you may need not to frequently check on your crypto wallet, except if you're into trading, there nothing that is going to take away your asset from you in as much that you have not rendered your wallet keys and security on a third party, it is also important that we understand why we need to make use of a non custodial wallet to hold our crypto asset.
Checking your crypto wallet shouldn't be a frequent thing, although it should be done at appropriate intervals, because as it stands, we can't even identify possible strategies used by hackers. This interval checking, done within a given period, keeps us alert in case of any tampering and also monitoring of asset for profitable outcomes. For an ideal trader, the use of centralized exchange wallets should be the way forward, as it would reduce the stress of making frequent transfers and avoiding unnecessary transaction fees, though it would require strong surveillance
I would be honest if I say that I am rather addicted to checking crypto prices. Even if I dont plan to sell or trade right now or in nearest future, I still check coingecko page probably once every few hours, and when I am away from pc and mobile is in my hand, I check crypto portfolio app, that updates prices. I cant explain why I do it. I might say that partly because it changes my mood, from cheered when everything is up, and have a feeling of being tired or apathy when everything is red. With years being spend together with crypto, I cant help myself from checking everything frequently.
It's simple. The habit of checking the current price and reviewing your portfolio helps you balance your financial emotions by determining whether you are currently experiencing a profit or a loss. Being in the profit zone tends to uplift your mood, making you feel relaxed momentarily, while experiencing a loss may induce disappointment, yet with the hope of witnessing a change in the next hour, considering the rapid fluctuations in crypto prices.
-
I would be honest if I say that I am rather addicted to checking crypto prices. Even if I dont plan to sell or trade right now or in nearest future, I still check coingecko page probably once every few hours, and when I am away from pc and mobile is in my hand, I check crypto portfolio app, that updates prices. I cant explain why I do it. I might say that partly because it changes my mood, from cheered when everything is up, and have a feeling of being tired or apathy when everything is red. With years being spend together with crypto, I cant help myself from checking everything frequently.
You're basically every one of us. We're all checking the prices whether we sell or not and it has become a habit for most of the crypto investors because it is normal to check the market on a daily basis. Wherever we go, when we've got some time to check, we do it and whatever is the occasion or the situation of the market, we're going to check it once in a while.
-
I would be honest if I say that I am rather addicted to checking crypto prices. Even if I dont plan to sell or trade right now or in nearest future, I still check coingecko page probably once every few hours, and when I am away from pc and mobile is in my hand, I check crypto portfolio app, that updates prices. I cant explain why I do it. I might say that partly because it changes my mood, from cheered when everything is up, and have a feeling of being tired or apathy when everything is red. With years being spend together with crypto, I cant help myself from checking everything frequently.
You're basically every one of us. We're all checking the prices whether we sell or not and it has become a habit for most of the crypto investors because it is normal to check the market on a daily basis. Wherever we go, when we've got some time to check, we do it and whatever is the occasion or the situation of the market, we're going to check it once in a while.
Always checking to see the status of the market if you'll buy or sell could be understandable if you're investing in altcoins and not Bitcoin. Bitcoin is more of a long-term investment and should considered as such.
When you see Bitcoin that way, then there'll really be no need to check if it's time to buy or sell. Timing the market isn't really a healthy approach for bitcoin investment because the market is highly volatile and unpredictable, you may never know what turn it'll take in the next minute, so the best option is just to buy ( at any time) and HODL .
-
Always checking to see the status of the market if you'll buy or sell could be understandable if you're investing in altcoins and not Bitcoin. Bitcoin is more of a long-term investment and should considered as such.
When you see Bitcoin that way, then there'll really be no need to check if it's time to buy or sell. Timing the market isn't really a healthy approach for bitcoin investment because the market is highly volatile and unpredictable, you may never know what turn it'll take in the next minute, so the best option is just to buy ( at any time) and HODL .
Well, I don't think so. I invest in both BTC and ALTS using DCA strategy, and I track my portfolio daily on TradingView + CoinGecko to practice my technical analysis skills. There is no pressure to take profits or cut losses because I still believe that BTC can reach $150K-170K in this cycle and that is when I will first take profits on crypto. I have no intention of holding my BTC from this ATH to the next ATH, from this cycle to the next, I want to buy at the bottom and sell at the top to make good profit.
As long as investors are not under too much pressure, have negative emotions and make unwise decisions, it is necessary to follow market movements, especially for full-time traders. For new investors, I hope they understand that constantly opening and viewing the value of tokens or the entire portfolio does not help them increase, investors should spend that time learning technical - fundamental - onchain analysis to improve their own investment capacity.
-
Since I focus on holding BTC, perhaps the frequency with which I check prices and new news about Bitcoin is once every 3 days... sometimes even once every 7 days... but for this halving moment, I check BTC prices more often up to once a day . Daily BTC price changes are not my basis for investing, so this is just something I do in my spare time.
-
I would be honest if I say that I am rather addicted to checking crypto prices. Even if I dont plan to sell or trade right now or in nearest future, I still check coingecko page probably once every few hours, and when I am away from pc and mobile is in my hand, I check crypto portfolio app, that updates prices. I cant explain why I do it. I might say that partly because it changes my mood, from cheered when everything is up, and have a feeling of being tired or apathy when everything is red. With years being spend together with crypto, I cant help myself from checking everything frequently.
Lol, it's funny how closely I can relate to that because I have the exact same habit. ;D Even if I'm not holding any crypto or have bought an asset that I need to sell at a certain price point, I still keep looking at the market and how the conditions are because it has become a habit. I'm not always on PC, so as you said, I have the Binance app on my mobile and I always open it, check the market, and then close it back just to stay updated.
I think there is nothing wrong in that, it keeps you updated about the market and how it is doing. Sometimes, you will see sudden pumps and sudden dumps as well, and if you are not watching the market frequently, you might miss such moments and see it later on.
-
I think there is nothing wrong in that, it keeps you updated about the market and how it is doing. Sometimes, you will see sudden pumps and sudden dumps as well, and if you are not watching the market frequently, you might miss such moments and see it later on.
Wouldn't notifications or stop-loss be better in this case? Maybe my personality affects how I view things, but I find looking at charts every hour or so a bit overwhelming. It makes it easier to fall for fomo or the opposite, even though I'm familiar with how the market behaves in a bear or bull market. Instead of making me feel detached from the market, it makes me prone to emotional decisions. Setting up notifications helps me to notice how the market is going without feeling that, and it is easy to set up one or two notifications depending on what services you're using.
-
Usually, I log in to the forum twice a day and check coinmarketcap one or two times a day. I do not want to check my portfolio, but I want to check the price of Bitcoin and other coins. As a crypto user, this is my daily routine. But sometimes when the market moves a lot, I also check my portfolio. A simple little movement can change my portfolio a lot.
Usually, I get notifications from the apps I use daily, like the CEX and coinmarketcap apps. Those apps send notifications periodically when there are some major moves. Notifications like Bitcoin crossed 60K and stands at 60100 USD. So, I always get updated. I know some people check five to ten times a day. This is too much!
-
How often depends on the type of trade I make, if I am doing a quick trade or scalping then I can't look away from my phone or computer screen to monitor prices and always have to execute quickly to take profits.
But if I buy and then to hold long-term, then I will look at it again for a long period of time.
Maybe just monitor some market trends and prices when a lot of news comes up.
I also give an alarm on every bottom price I target and an alarm for the top price I want to achieve.
-
Since I focus on holding BTC, perhaps the frequency with which I check prices and new news about Bitcoin is once every 3 days... sometimes even once every 7 days... but for this halving moment, I check BTC prices more often up to once a day . Daily BTC price changes are not my basis for investing, so this is just something I do in my spare time.
It is quite often that you checked the price every 3-7 days. I don't know how often I check the price, I only do it when I think it is necessary. But I always update the information about crypto regularly because I think it is important. The price change is important but to know the current issues seems to be more important. However, if you are not a busy person, it is no problem to keep monitoring the price change more often. But for a busy person, checking it weekly is enough.
-
As long my mobile phone have internet access and full of battery I will check most of usually with cryptocurrency or bitcoin price, have many coins assets get down price and its important with routine checking market condition have moment to sell or buy back. I think not problem with how many often checking market condition if you have fund in cryptocurrency assets or having stable coins already for buying some coins when market get down.
Every opening mobile phone, first time I open exchange market application and looking for price down or pump to open buy order with some potential coins.
-
It is quite often that you checked the price every 3-7 days. I don't know how often I check the price, I only do it when I think it is necessary. But I always update the information about crypto regularly because I think it is important. The price change is important but to know the current issues seems to be more important. However, if you are not a busy person, it is no problem to keep monitoring the price change more often. But for a busy person, checking it weekly is enough.
I also agree with you, regular updates about crypto news are necessary to know what is happening in crypto.
It is included in the crypto fundamentals that will affect how the crypto price will go.
This will also provide vigilance when the price of the coin we are holding suddenly plummets and can be used to buy back or when the price is very pump beyond prediction can take profits quickly.
But for those who hold long-term with a predetermined target, it may be very rare to see the state of their coins,
but news about crypto is mandatory to know at all times.
-
It is quite often that you checked the price every 3-7 days. I don't know how often I check the price, I only do it when I think it is necessary. But I always update the information about crypto regularly because I think it is important. The price change is important but to know the current issues seems to be more important. However, if you are not a busy person, it is no problem to keep monitoring the price change more often. But for a busy person, checking it weekly is enough.
I also agree with you, regular updates about crypto news are necessary to know what is happening in crypto.
It is included in the crypto fundamentals that will affect how the crypto price will go.
This will also provide vigilance when the price of the coin we are holding suddenly plummets and can be used to buy back or when the price is very pump beyond prediction can take profits quickly.
But for those who hold long-term with a predetermined target, it may be very rare to see the state of their coins,
but news about crypto is mandatory to know at all times.
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
-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.
-
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?
-
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.
-
If an investor is new and if he is new to investing in Bitcoin, he checks his wallet several times a day, but a professional investor who has been investing in Bitcoin for a long time does not feel the need to check his wallet that much. For those who invest for the long term, the less time they can monitor the market or monitor their own investments, the better because the more times an investor looks at their wallet during the day, the more likely they are to sell their investments. But instead of thinking as I do, many people may think their own way and check their wallets as they wish.
-
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?
Are you asking whether a trader with a full-time offline job has a daily routine of making an open order and checking if the order is filed or not? I'm not a daily trader myself but if I have a daily goal, then checking my trades daily is a given. It doesn't matter how often you check the market in a given day if that is your goal IMO, unless you can't control yourself and get swayed easily by terrible signals, influencers, etc.
-
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?
Are you asking whether a trader with a full-time offline job has a daily routine of making an open order and checking if the order is filed or not? I'm not a daily trader myself but if I have a daily goal, then checking my trades daily is a given. It doesn't matter how often you check the market in a given day if that is your goal IMO, unless you can't control yourself and get swayed easily by terrible signals, influencers, etc.
90% of you on this thread are not traders and have no reason to check on your assets every few minutes unless you left your wallet application open and you clicked on it by chance while doing something else.
Checking on your prices so frequently causes anxiety and fear, anyway. Why do that to yourselves? Once a day is enough.
-
It will be dependent on how much I am invested in a certain project. I imagine myself checking from hour to hour on how long it will take to increase my investment. It just makes it more exciting when it increases.
It's not just the major price dips for me, but the moment that it gains is what I want. Dips for me are just the assets for sale.
In terms of frequency, I must say I'm more of multiple times a day but with the use of my widget. It's opened on my phone and laptop and just see the price of BTC currently. That's just my routine.
-
If an investor is new and if he is new to investing in Bitcoin, he checks his wallet several times a day, but a professional investor who has been investing in Bitcoin for a long time does not feel the need to check his wallet that much. For those who invest for the long term, the less time they can monitor the market or monitor their own investments, the better because the more times an investor looks at their wallet during the day, the more likely they are to sell their investments. But instead of thinking as I do, many people may think their own way and check their wallets as they wish.
You're absolutely right.
I believe one the reason for considering Bitcoin investment for its long-term potential is to get ride of emotional outburst due to temporary market fluctuations. So those who really do consider Bitcoin's long-term trajectory would care less about checking Bitcoin's short-term performance, and even if they decide to check, it wouldn't because of their investment but for other reasons.
Whoever checks his investment more often is either a short-term trader/investor, or someone who's relatively new to the market and hasn't gained any experience yet.
-
If an investor is new and if he is new to investing in Bitcoin, he checks his wallet several times a day, but a professional investor who has been investing in Bitcoin for a long time does not feel the need to check his wallet that much. For those who invest for the long term, the less time they can monitor the market or monitor their own investments, the better because the more times an investor looks at their wallet during the day, the more likely they are to sell their investments. But instead of thinking as I do, many people may think their own way and check their wallets as they wish.
You're absolutely right.
I believe one the reason for considering Bitcoin investment for its long-term potential is to get ride of emotional outburst due to temporary market fluctuations. So those who really do consider Bitcoin's long-term trajectory would care less about checking Bitcoin's short-term performance, and even if they decide to check, it wouldn't because of their investment but for other reasons.
Whoever checks his investment more often is either a short-term trader/investor, or someone who's relatively new to the market and hasn't gained any experience yet.
I don't check my wallet instead what I does is to check CMC to track down the price of cryptocurrency because opening wallet or monitoring the app where I store my assets looks so risky and you wouldn't know when you could get trap by people outside. I mean due how cryptocurrency is no longer friendly in our country i do avoid regular visiting my wallet.
-
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.
Same for me, I am also not counting how many times I commonly check market every day. because it's often enough. Somehow it has become a habit that when holding a cellphone after stopping for a moment, the thing to do is open Whatsapp and then open the market.
but yes, it's just a matter of checking the ups and downs, what coins are up and what coins are down. as well as checking our portfolio, or other things. And sometimes it doesn't have to be like that. What is certain is, if we do not feel objections and do not influence our emotional stability in our decisions, there is no problem. Unless we panic easily, this might be a little confusing. back to each individual.
-
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.
Same for me, I am also not counting how many times I commonly check market every day. because it's often enough. Somehow it has become a habit that when holding a cellphone after stopping for a moment, the thing to do is open Whatsapp and then open the market.
but yes, it's just a matter of checking the ups and downs, what coins are up and what coins are down. as well as checking our portfolio, or other things. And sometimes it doesn't have to be like that. What is certain is, if we do not feel objections and do not influence our emotional stability in our decisions, there is no problem. Unless we panic easily, this might be a little confusing. back to each individual.
Trust me I totally understand what that feels like, because cultivating and getting addicted to the habit of regularly checking the market is very very easy, especially when it's just too accessible. Sometimes you don't even know how and when you just manage to swing by, just like a reflex action where you just see your thumb always wanting to go there, even when you don't want to.
You're right that one needs to be very careful when checking the market because at that point, you could see something that'll motivate you or stir up your emotions into moving fast to take drastic actions or decisions that could affect your work.
-
Have done this and not extending my time now because since I learn Hodling means completely ? i understand why I must not check my funds from time to time and yeah to try preventing checking the market mostly.
because sometimes this will bring you to change your decisioning because of those mistakes.
-
Have done this and not extending my time now because since I learn Hodling means completely ? i understand why I must not check my funds from time to time and yeah to try preventing checking the market mostly.
because sometimes this will bring you to change your decisioning because of those mistakes.
Indeed. The more we look at the chart, we can see things we didn't see before. As a result, you will change the entry price. But in reality, the first one is correct and the other one is a mistake because it's just your emotion who affects your mind. So it's better to avoid looking at the chart after we made an entry and just wait until you received a notification. Sometimes when we are new to trading, we are so excited for the result which will cause as to look at price movement from time to time. It's very dangerous to our trading journey, we should stop this kind of habit as soon as possible.