Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: igor4btc on April 22, 2021, 03:30:42 PM
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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.
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I check the Bitcoin price four, maybe five times a day. Sometimes - more often than that.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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 .
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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 .
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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.
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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.
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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.
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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.
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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!
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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?
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
Yeah, a HODLer actually has no need to always be checking on his wallet or his bitcoin quite frequently, because one the benefits of HODLing is to ride out temporary market fluctuations and you're considering Bitcoin for its long-term potentials rather than monitoring the market movement as it could force one to emd up makimg drastic and uncalculated risks.
Well the only reason one can check his wallet more often could be for the sake of acquiring knowledge for reference purpose or to get information about the wallet he uses for developments and if the need for possible adjustments would arise.
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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.
You told perfect. I am also avoid regularly check my crypto wallet. I am holdind some coin in different wallet. But which i am holding for long time that's wallet i check that with long time distance. But i have some coin in my another wallet thats wallet i check regularly because some times i do buy and sell. And some time i withdraw my profit. So i check it after some times/ regularly.
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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.
I think most of us do the same. We don't count about checking the market frequently. It is not necessary to count it, why we must know it. ;D I only more often to check the market if I have a plan to sell my coins or I want to do daily trading. If it is a usual day, I sometimes didn't check the market. We know the market looks a bit sideway now.
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.
It is normal if we check our portfolio. We monitor the progress of our investment. We need to know how far the price increasing and how far it dropping. It is sometimes to be considered to sell or buy coins. Monitoring the market is a must activity to do but it is not always to do daily.
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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.
I think most of us do the same. We don't count about checking the market frequently. It is not necessary to count it, why we must know it. ;D I only more often to check the market if I have a plan to sell my coins or I want to do daily trading. If it is a usual day, I sometimes didn't check the market. We know the market looks a bit sideway now.
Because I am a typical holder and don't make trading decisions very often, I rarely check market conditions. Initially, I often checked Bitcoin market conditions, but because there was never any impact or no action, I reduced my intensity in checking market conditions. I don't check the market, it doesn't mean I don't care about my assets, but this is also my strategy to be a little less emotional when there is FUD or when the market is correcting.
From my previous experience, my decisions are always messy because emotions are still involved. And my previous evaluation was to start using reason and mathematics to make decisions, rather than using emotion and heart.
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Because I am a typical holder and don't make trading decisions very often, I rarely check market conditions. Initially, I often checked Bitcoin market conditions, but because there was never any impact or no action, I reduced my intensity in checking market conditions. I don't check the market, it doesn't mean I don't care about my assets, but this is also my strategy to be a little less emotional when there is FUD or when the market is correcting.
From my previous experience, my decisions are always messy because emotions are still involved. And my previous evaluation was to start using reason and mathematics to make decisions, rather than using emotion and heart.
Well, I believe that checking the market status and especially the account has become a habit of many investors. There are many reasons for this, but it usually comes from the fact that investors are not experienced enough, do not know how to handle risks with OCO + Stop-loss orders or set alerts on market monitoring applications. They also often worry and need to see the price chart to feel like they are monitoring and not missing any investment or profit-taking opportunities in the market.
I also do not encourage this behavior, as constantly checking the market can be time-consuming, reduce concentration on daily work and is also useless for objective market fluctuations, it is only harmful to investment psychology. Long-term investors do not need to constantly check daily fluctuations, professional investors do not need to stop orders manually.
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Re: How often do you check on your Crytpo/Bitcoin?
I'm not a trader, but I look at my crypto portfolio at around 10x or even more on a daily basis.
Why? None. I just want to keep myself updated with what's happening with cryptocurrency and my portfolio as well. After all, I don't make impulsive decisions like selling my tokens when I see it went up 10% or more. I've been doing this for years already that I made it a hobby already. I guess there's nothing wrong with that, right? Looking at it when I wake up in the morning, when I'm eating breakfast, when I sleep at night. I don't call it an addiction though. It's just that, I just want to look at my portfolio and what's happening on crypto as much as I can. :D
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Re: How often do you check on your Crytpo/Bitcoin?
I'm not a trader, but I look at my crypto portfolio at around 10x or even more on a daily basis.
Why? None. I just want to keep myself updated with what's happening with cryptocurrency and my portfolio as well. After all, I don't make impulsive decisions like selling my tokens when I see it went up 10% or more. I've been doing this for years already that I made it a hobby already. I guess there's nothing wrong with that, right? Looking at it when I wake up in the morning, when I'm eating breakfast, when I sleep at night. I don't call it an addiction though. It's just that, I just want to look at my portfolio and what's happening on crypto as much as I can. :D
There's indeed nothing wrong with that. You can only find something wrong if you're not the only one regularly checking your portfolio 😂 I mean, showing it to some kind of social media group or group chats whenever there's a rally or dump ongoing in the market just like what we regularly see in facebook, x or even in instagram.
If you have been in crypto, you can really build up a hobby of checking your portfolio on a daily basis. It's just a matter of how we let the market condition to affect ourselves whether we will do panic selling or do panic buying.
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Actually I check price of coins I hold rather than go into my crypto portfolio and check. As I know I much I hold, I just calculate myself. But I'm waiting for the right time to trade those and not hurrying even if goes up by some percentage. I'm confident good time will come for sure.
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Actually I check price of coins I hold rather than go into my crypto portfolio and check. As I know I much I hold, I just calculate myself. But I'm waiting for the right time to trade those and not hurrying even if goes up by some percentage. I'm confident good time will come for sure.
That's only applicable when you're holding altcoins, but if you're holding bitcoin, there's really no point regularly checking or monitoring current prices, since Bitcoin is meant to be held for the long-term before you can make good profits from it, so since you won't be trading it anytime soon, there'll be no point looking up the price, except of course you're just looking up the price for reference and analytical purpose.
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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.
I have two friends who are into trading and as I observe them, I realize, it's become their instinct to open binance app every few minutes, (yes, few minutes!), if mobile is in their hand they are going to open binance, or keep switching between their addictions such as Twitter-Whatsapp-Instagram.
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Re: How often do you check on your Crytpo/Bitcoin?
I'm not a trader, but I look at my crypto portfolio at around 10x or even more on a daily basis.
Why? None. I just want to keep myself updated with what's happening with cryptocurrency and my portfolio as well. After all, I don't make impulsive decisions like selling my tokens when I see it went up 10% or more. I've been doing this for years already that I made it a hobby already. I guess there's nothing wrong with that, right? Looking at it when I wake up in the morning, when I'm eating breakfast, when I sleep at night. I don't call it an addiction though. It's just that, I just want to look at my portfolio and what's happening on crypto as much as I can. :D
It is a fun fact that I actually do the same. I just check my portfolio whenever I have spare time and mobile is in my hands, see changes, and do nothing about it. Dont know how explain this properly. Definitely not curiosity, because I would be checking portfolio more frequently. Definitely not a some kind of a professional approach, because I would have reacted on recent ETH 25% price growth in last 24h (just an example). I would not call it an addiction either.
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I have some assets holding and most active checking the crypto or bitcoin price often during active using mobile phone, whenever my position during has internet access with my mobile phone always checking bitcoin or altcoin price because many unpredictable moment exactly yesterday with ethereum price increasing almost 25%.
I think if checking price or bitcoin and altcoin not often as usually has chance miss with great moment to sell ethereum on higher price, its not take more time when checking my altcoin assets price often because just looking the portfolio assets are increasing or not before checking price of some coins have been bookmark in my exchange market list.
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It is a fun fact that I actually do the same. I just check my portfolio whenever I have spare time and mobile is in my hands, see changes, and do nothing about it. Dont know how explain this properly. Definitely not curiosity, because I would be checking portfolio more frequently. Definitely not a some kind of a professional approach, because I would have reacted on recent ETH 25% price growth in last 24h (just an example). I would not call it an addiction either.
Maybe you can figure out the reason if you collect more data about your habit. A quick analysis can suggest several hypotheses, such as habit, slight curiosity, etc. I wouldn't be surprised if that just becomes a habit so you don't really have any motivation to do that other than doing the same thing you've always done for comfort. I have more or less the same habit, albeit not exactly related to trading or crypto. If I miss that activity for a few days, or even a day, I just feel slightly uncomfortable. It is not an addiction either since I don't necessarily gain dopamine from doing that. I think that's healthy compared to checking BTC price every minute or so.
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Re: How often do you check on your Crytpo/Bitcoin?
I can't really say, because I occasionally check it when my mind is pushed to it, to have a look at my bitcoin holdings, to know how the crypto market is pushing toward the bull run or bearish market. And how the crypto market is, whether It is in an uptrend or downtrend movement, will depend on how I go on with my DCA strategy of investing in bitcoin.
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I don't spend the day looking at my wallets to know the value of my coins/tokens, I think that's not good for mental health, besides, whether I look or not, whatever has to happen will happen without me being able to do “anything”. What I usually do is place a value limit close to the ATH of each coin/token and in this way receive a notification when the market is close to reaching values that it has not yet reached. When I started with cryptocurrencies, I spent a lot of time each day looking at the value of my assets, but I soon realized that it was a waste of time that prevented me from focusing on more important things.
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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.
not very often because I only check when I'm going to sell, if I don't need it I won't check the price or exchange
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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.
not very often because I only check when I'm going to sell, if I don't need it I won't check the price or exchange
We can easily check our bitcoins from where we hold our bitcoins. If we want to hold bitcoins for long term then we don't need to check bitcoins very much because if we keep checking our bitcoins every now and then we will never be able to hold our investment for long. If you absolutely need to check your balance, you can check your balance by entering where we hold our bitcoins.
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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.
not very often because I only check when I'm going to sell, if I don't need it I won't check the price or exchange
We can easily check our bitcoins from where we hold our bitcoins. If we want to hold bitcoins for long term then we don't need to check bitcoins very much because if we keep checking our bitcoins every now and then we will never be able to hold our investment for long. If you absolutely need to check your balance, you can check your balance by entering where we hold our bitcoins.
Indeed, for long-term HODLers there's really no need to regularly check your crypto asset or HODLings on a regular basis, rather they can choose to monitor the price movements of the coin and not necessarily how much their investments have grown, because if they always track their investments, it could force them to make some rational decisions, such as selling at a very unreasonable time, probably when during a DIP or when they're making some little profits.
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Indeed, for long-term HODLers there's really no need to regularly check your crypto asset or HODLings on a regular basis, rather they can choose to monitor the price movements of the coin and not necessarily how much their investments have grown, because if they always track their investments, it could force them to make some rational decisions, such as selling at a very unreasonable time, probably when during a DIP or when they're making some little profits.
It greatly influences decisions when long-term investments are always looked at.
This is my personal experience also with long-term investment at first, but after looking at the price too often,
then I was tempted to sell at a price that I thought was already high, but in the end it was still a pretty low price.
The price kept going up and up until it was above my selling price, this made me regret selling it and should have just held it until the main price target was reached.
Becoming a long-term holder is not easy, requires a strong mentality and not being a Weak Hand because the Long-Term must be a diamond hand.
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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.
Even if I don't make any investment on I have regularly check 5 or 6 times the prices of my favorite cryptocurrencies and the coins I have invested even the I set on the limit and order. I don't use the excel currently that much but in the beginning time I created excel format to investment but it is also good habit to tracking investment by using google excel and best to use the desktop.
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Indeed, for long-term HODLers there's really no need to regularly check your crypto asset or HODLings on a regular basis, rather they can choose to monitor the price movements of the coin and not necessarily how much their investments have grown, because if they always track their investments, it could force them to make some rational decisions, such as selling at a very unreasonable time, probably when during a DIP or when they're making some little profits.
It greatly influences decisions when long-term investments are always looked at.
This is my personal experience also with long-term investment at first, but after looking at the price too often,
then I was tempted to sell at a price that I thought was already high, but in the end it was still a pretty low price.
The price kept going up and up until it was above my selling price, this made me regret selling it and should have just held it until the main price target was reached.
Yeah but having a set goal or a decided number of years you wish to HODL and equally having the discipline to stick to that decision would really contribute to avoiding such scenarios, because even some long-term HODLers often fall into this trap of selling when they feel the price has gone pretty high only to discover afterwards that it was infact a relatively low price compared to the price it attained afterwards.
But when an investor decides to HODL for, let's say 6 years, no matter the short-term fluctuations and changes in the market, you stayed determined to HODL till your HODLing period is over, you'll be able to avoid such temptation and still be in bigger profits when your HODLing period is over.
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Indeed, for long-term HODLers there's really no need to regularly check your crypto asset or HODLings on a regular basis, rather they can choose to monitor the price movements of the coin and not necessarily how much their investments have grown, because if they always track their investments, it could force them to make some rational decisions, such as selling at a very unreasonable time, probably when during a DIP or when they're making some little profits.
It greatly influences decisions when long-term investments are always looked at.
This is my personal experience also with long-term investment at first, but after looking at the price too often,
If someone is investing for long term then the person should not looked at the market price anymore and if possible he should use air-gapped wallet to store his coins and only top up whenever he has money to buy and makes sure that he has a set goal which he can work or invest with. With the air-gapped wallet, the investment is free from hack risk but he has to keep it in save place where he can easily assess it.
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But when an investor decides to HODL for, let's say 6 years, no matter the short-term fluctuations and changes in the market, you stayed determined to HODL till your HODLing period is over, you'll be able to avoid such temptation and still be in bigger profits when your HODLing period is over.
Determining a 6-year HODL period as you say it only depends on the matter of time and how long the HODL term is needed.
But it is better to also use the main price target that needs to be achieved in the 6 years.
For example, within 6 years, Bitcoin's main price target should reach $150k++ or even more.
But once the investment is underway and the ATH of $150k++ is achieved early, it may only take 3 years, then the target has been reached sooner.
Not only based on time, but the main price target can be reached faster or even longer.
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But when an investor decides to HODL for, let's say 6 years, no matter the short-term fluctuations and changes in the market, you stayed determined to HODL till your HODLing period is over, you'll be able to avoid such temptation and still be in bigger profits when your HODLing period is over.
Determining a 6-year HODL period as you say it only depends on the matter of time and how long the HODL term is needed.
But it is better to also use the main price target that needs to be achieved in the 6 years.
For example, within 6 years, Bitcoin's main price target should reach $150k++ or even more.
But once the investment is underway and the ATH of $150k++ is achieved early, it may only take 3 years, then the target has been reached sooner.
Not only based on time, but the main price target can be reached faster or even longer.
That's right... this is more like a limitation for all of us so that we don't get too caught up in the greed of fluctuating prices, because basically most people in this world don't know when a bear market will suddenly come. This is nothing more than making arrangements to set a sell limit from the moment we buy coins, and also the profit representation has also been determined from the start.
However, if the two points used as reference are not profitable? Is losing the best way?
For example, if in the 6th year it turns out that Bitcoin is bearish... and the targeted $150k figure is not reached in those 6 years... is someone willing to take that loss at a very long time and wait??? I don't think anyone can accept it, so they will extend the holding period again or lower the target selling price
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If someone is investing for long term then the person should not looked at the market price anymore and if possible he should use air-gapped wallet to store his coins and only top up whenever he has money to buy and makes sure that he has a set goal which he can work or invest with. With the air-gapped wallet, the investment is free from hack risk but he has to keep it in save place where he can easily assess it.
For holder or investors with long term target investment not required checking market every time and they will looking one month or one year with current market price. But depend with your social media interaction following most of cryptocurrency influencer will be update with bitcoin or market price.
Holding assets for long team and easily access actually exchange wallet is good ideas, but can't guarantee how secure with your assets because many exchange recently got hack cases and collapse such as FTX exchange. For me if want to be long term holding in cryptocurrency will put my all assets in onw wallet more secure than exchange wallet.
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Re: How often do you check on your Crytpo/Bitcoin?
I can't really say, because I occasionally check it when my mind is pushed to it, to have a look at my bitcoin holdings, to know how the crypto market is pushing toward the bull run or bearish market. And how the crypto market is, whether It is in an uptrend or downtrend movement, will depend on how I go on with my DCA strategy of investing in bitcoin.
In the past few weeks, I only look at my crypto portfolio once a day anymore. It wasn't as often as it was before that where I look at it more than ten times a day.
I don't know the exact reason why, but I guess the fact that I don't want to see the market going down anymore might be one. Another is that, I temporarily stopped accumulating some cryptocurrencies because my funds that must go to investing are being put to something way more important. I'll resume it as soon as I'm done.
If your strategy is just DCA then checking it more often will not help you because at the end of the day, you will not make decisions based off of the short term price movements. If you're a long term holder, looking at it on a daily basis will not change anything... or at least a bit.
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Re: How often do you check on your Crytpo/Bitcoin?
I can't really say, because I occasionally check it when my mind is pushed to it, to have a look at my bitcoin holdings, to know how the crypto market is pushing toward the bull run or bearish market. And how the crypto market is, whether It is in an uptrend or downtrend movement, will depend on how I go on with my DCA strategy of investing in bitcoin.
It wasn't as often as it was before that where I look at it more than ten times a day.
Lol, I remember and I tried this before.
But instead of holding my Bitcoin, I was tempted to sell it.
IMO, we shouldn't be obsessed with what we have in crypto, a small mistake might lead to hacking our crypto.
But instead, keep up with the major news and trends in the cryptocurrency market without constantly watching your wallet.
I tend to agree with the DCA way of purchasing your crypto, checking the price daily is always an ideal way than always checking your crypto.
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If someone is investing for long term then the person should not looked at the market price anymore and if possible he should use air-gapped wallet to store his coins and only top up whenever he has money to buy and makes sure that he has a set goal which he can work or invest with. With the air-gapped wallet, the investment is free from hack risk but he has to keep it in save place where he can easily assess it.
For holder or investors with long term target investment not required checking market every time and they will looking one month or one year with current market price. But depend with your social media interaction following most of cryptocurrency influencer will be update with bitcoin or market price.
Holding assets for long team and easily access actually exchange wallet is good ideas, but can't guarantee how secure with your assets because many exchange recently got hack cases and collapse such as FTX exchange. For me if want to be long term holding in cryptocurrency will put my all assets in onw wallet more secure than exchange wallet.
I think I didn't mention storing or keeping your assets (coins) in exchange and I will never advise anyone to do that but if you want to sell your coins then you can send it to the exchange and sell them off instantly. And if any investors is keeping her or his coins exchange for long term investment then that person is newbie in the cryptocurrency ecosystem market space. And nobody with his right senses will do that for long term investment. And for the checking the price, if the person is in any forum, it is good to know the current price so he can also contribute to knowledge when a group of people are discussing about bitcoin so it is necessary know that.
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If someone is investing for long term then the person should not looked at the market price anymore and if possible he should use air-gapped wallet to store his coins and only top up whenever he has money to buy and makes sure that he has a set goal which he can work or invest with. With the air-gapped wallet, the investment is free from hack risk but he has to keep it in save place where he can easily assess it.
For holder or investors with long term target investment not required checking market every time and they will looking one month or one year with current market price. But depend with your social media interaction following most of cryptocurrency influencer will be update with bitcoin or market price.
Holding assets for long team and easily access actually exchange wallet is good ideas, but can't guarantee how secure with your assets because many exchange recently got hack cases and collapse such as FTX exchange. For me if want to be long term holding in cryptocurrency will put my all assets in onw wallet more secure than exchange wallet.
I think I didn't mention storing or keeping your assets (coins) in exchange and I will never advise anyone to do that but if you want to sell your coins then you can send it to the exchange and sell them off instantly. And if any investors is keeping her or his coins exchange for long term investment then that person is newbie in the cryptocurrency ecosystem market space. And nobody with his right senses will do that for long term investment. And for the checking the price, if the person is in any forum, it is good to know the current price so he can also contribute to knowledge when a group of people are discussing about bitcoin so it is necessary know that.
If you're a trader and make uses of the exchanges, then you may have to often check on your wallet for such act includes what is expected of you on a daily basis, while as for someone who is not a short time trader, can always make us of a non custodial personal wallet to hold his asset with having to check on it frequently as those using a centralized exchange, but to clarify your point well, making use of a centralized exchange is very risky and its more advised not to use any or avoid having much investment on them.
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If you're a trader and make uses of the exchanges, then you may have to often check on your wallet for such act includes what is expected of you on a daily basis, while as for someone who is not a short time trader, can always make us of a non custodial personal wallet to hold his asset with having to check on it frequently as those using a centralized exchange, but to clarify your point well, making use of a centralized exchange is very risky and its more advised not to use any or avoid having much investment on them.
Traders and investors are not the same. Like me I am an investor and I have not checked the price of Bitcoin since morning but I have seen it from other discussions but a trader must check the price to enter and stop the trade at anytime. So please don't mix them. And as I said exchange is not where to keep coins but to trade with p2p and other services. And the risk is for the both investment and trading. Like those who bought bitcoin last week are on the losing side today because the price is below $66k and if the price is below $60k then they have to wait for another bull market to get gain. That is the long term investment we are talking about.
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Indeed, for long-term HODLers there's really no need to regularly check your crypto asset or HODLings on a regular basis, rather they can choose to monitor the price movements of the coin and not necessarily how much their investments have grown, because if they always track their investments, it could force them to make some rational decisions, such as selling at a very unreasonable time, probably when during a DIP or when they're making some little profits.
It greatly influences decisions when long-term investments are always looked at.
This is my personal experience also with long-term investment at first, but after looking at the price too often,
If someone is investing for long term then the person should not looked at the market price anymore and if possible he should use air-gapped wallet to store his coins and only top up whenever he has money to buy and makes sure that he has a set goal which he can work or invest with. With the air-gapped wallet, the investment is free from hack risk but he has to keep it in save place where he can easily assess it.
This is a very wise opinion and should be done by all investors who make long-term investments, because of the belief that in time it will make a very good contribution to them., Because the target time is already known, and it continues to occur every 4 years, the thought is to continue buying and saving as much as possible while making the investment and there is no need to see how much and what happens to the price. Because it is certain that the price will increase in time according to the desires we have predicted. But you are right to always store what we have in the safest place from the risk of theft.
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If you're a trader and make uses of the exchanges, then you may have to often check on your wallet for such act includes what is expected of you on a daily basis, while as for someone who is not a short time trader, can always make us of a non custodial personal wallet to hold his asset with having to check on it frequently as those using a centralized exchange, but to clarify your point well, making use of a centralized exchange is very risky and its more advised not to use any or avoid having much investment on them.
Traders and investors are not the same. Like me I am an investor and I have not checked the price of Bitcoin since morning but I have seen it from other discussions but a trader must check the price to enter and stop the trade at anytime. So please don't mix them. And as I said exchange is not where to keep coins but to trade with p2p and other services. And the risk is for the both investment and trading. Like those who bought bitcoin last week are on the losing side today because the price is below $66k and if the price is below $60k then they have to wait for another bull market to get gain. That is the long term investment we are talking about.
Yes, they are totally different, a investors specially those who are here for the long haul, might not care for the price fluctuations unless they are planning to sell some of their stash in the next couple of weeks or month. So most likely they will have to check for the price regularly. But for short term speculators like day traders, of course their concern will always be what is the current price as they will want to sell very quickly, to make short term profits. As compare to long terms investors who might sell and timing the market when we are in a bull run and I believed if that is the case for the majority of us and our target price should not be below $100,000.
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As compare to long terms investors who might sell and timing the market when we are in a bull run and I believed if that is the case for the majority of us and our target price should not be below $100,000.
Lol, how similar, I have same $100k sell target for my btc and alt holdings (whatever may be alts price then), might not sell all but definitely gonna sell portion of holdings.
Regarding checking price, I don't without a reason, only check when my crypto friends or forums I'm part of talk about major dump/pump.
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Indeed, for long-term HODLers there's really no need to regularly check your crypto asset or HODLings on a regular basis, rather they can choose to monitor the price movements of the coin and not necessarily how much their investments have grown, because if they always track their investments, it could force them to make some rational decisions, such as selling at a very unreasonable time, probably when during a DIP or when they're making some little profits.
It greatly influences decisions when long-term investments are always looked at.
This is my personal experience also with long-term investment at first, but after looking at the price too often,
If someone is investing for long term then the person should not looked at the market price anymore and if possible he should use air-gapped wallet to store his coins and only top up whenever he has money to buy and makes sure that he has a set goal which he can work or invest with. With the air-gapped wallet, the investment is free from hack risk but he has to keep it in save place where he can easily assess it.
This is a very wise opinion and should be done by all investors who make long-term investments, because of the belief that in time it will make a very good contribution to them., Because the target time is already known, and it continues to occur every 4 years, the thought is to continue buying and saving as much as possible while making the investment and there is no need to see how much and what happens to the price. Because it is certain that the price will increase in time according to the desires we have predicted. But you are right to always store what we have in the safest place from the risk of theft.
I have a self custody wallet that I have not checked how much bitcoin is in it because that is my savings. What I do is that every week I send bitcoin into the wallet since I am a fan of the DCA strategy and that has hped me a lot to continue stacking my portfolio. I only check the price of bitcoin when I want to buy. My portfolio, is just the digits that I know but I don't check the value in USDT. There was a time that I made little profit from the pump of bitcoin price and I sold some coins after that bitcoin price dipped a d I saw my portfolio depreciates. Since then I said to myself that I will not get carried away with little profit.
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When I started with cryptocurrencies, I spent a lot of time each day looking at the value of my assets, but I soon realized that it was a waste of time that prevented me from focusing on more important things.
I think this happened to a lot of newbies in crypto, and it is easy to understand why. Being new to something that you do not fully understand can be really stressful, but when you begin to grow in it and understand things better, you'll know what to worry about and what not to.
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When I started with cryptocurrencies, I spent a lot of time each day looking at the value of my assets, but I soon realized that it was a waste of time that prevented me from focusing on more important things.
I think this happened to a lot of newbies in crypto, and it is easy to understand why. Being new to something that you do not fully understand can be really stressful, but when you begin to grow in it and understand things better, you'll know what to worry about and what not to.
But looking at the price of the coin has nothing to do with human activities and only thing or bad aspect of it is that it will disturb your mind. Mostly if you invest in the time.when the price was high and the time of checking, the price is low then you would have double mindset and that is why it is not good to check the price frequency but once a while to know if your coins are intact and the price at the time. And old investors have thick skin to over come some negative thinking but newbies are not. So they are likely to sell them off of they discovered that the price is going down.
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But looking at the price of the coin has nothing to do with human activities and only thing or bad aspect of it is that it will disturb your mind. Mostly if you invest in the time.when the price was high and the time of checking, the price is low then you would have double mindset and that is why it is not good to check the price frequency but once a while to know if your coins are intact and the price at the time. And old investors have thick skin to over come some negative thinking but newbies are not. So they are likely to sell them off of they discovered that the price is going down.
That's what I meant when I said it can prevent us from focusing on more important things. For newbies, the possible mental burden of knowing that their investment is losing value can lead to anxiety and other types of disorders that can cause discomfort, that is why it is preferable that they “forget” about their investment and continue doing things related to cryptocurrencies or not. Checking the value of investments several times a day does not help anything or anyone.
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For the long term, maybe I will just buy and then leave it and not look at the market too often so that my psychology is not disturbed, especially when the market is bearish.
Only monitor occasionally whether the price has Dip or not, because I will buy again gradually.
Long-term investments do not have to be monitored all the time because the target price is still quite high, and if the target price is almost reached then I will always monitor it to determine whether I will sell everything or not.
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It depends on what you are doing if you ask me. If you are planning to hold after buying crypto like bitcoin then checking the price daily or weekly doesn't matter that much if you are planning to hold it in long term. For other situations, checking price daily would be good as it will help you manage your portfolio well if ever there's something going on like price increase or decrease and also news about crypto.
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It depends on what you are doing if you ask me. If you are planning to hold after buying crypto like bitcoin then checking the price daily or weekly doesn't matter that much if you are planning to hold it in long term. For other situations, checking price daily would be good as it will help you manage your portfolio well if ever there's something going on like price increase or decrease and also news about crypto.
I believe that everything has two sides: frequent account checking helps investors better control and manage their assets, which in turn helps them make more timely and accurate decisions. However, sometimes it can also create psychological instability for inexperienced investors and lead to wrong decisions based on extreme emotions such as greed and fear.
I think that when approaching this market, investors should decide their own position: if they are holders, they should follow the market from a far enough distance, meaning not following the market too often to avoid hasty decisions that affect long-term investment strategies. On the other hand, if they are traders and short-term investors, it is normal to observe the market continuously throughout the day to optimize profits, but it is necessary to close orders within the day to protect their trading psychology.
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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.
Yes it is the right decision, but you can login it from any device you mobile laptop or desktop. I can definitely use bitcoins by logging in. It's a simple method for sure.
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It depends on what you are doing if you ask me. If you are planning to hold after buying crypto like bitcoin then checking the price daily or weekly doesn't matter that much if you are planning to hold it in long term. For other situations, checking price daily would be good as it will help you manage your portfolio well if ever there's something going on like price increase or decrease and also news about crypto.
+1 .... Holding long-term has different habits compared to daily traders, which is why some people don't always check prices, but maybe only once a week or once every 3 days just to find out information, there are no short-term decisions or planning after seeing the price. Yes, because the target is long term.
So actually the answer varies depending on each individual's daily habits.
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It depends on what you are doing if you ask me. If you are planning to hold after buying crypto like bitcoin then checking the price daily or weekly doesn't matter that much if you are planning to hold it in long term. For other situations, checking price daily would be good as it will help you manage your portfolio well if ever there's something going on like price increase or decrease and also news about crypto.
+1 .... Holding long-term has different habits compared to daily traders, which is why some people don't always check prices, but maybe only once a week or once every 3 days just to find out information, there are no short-term decisions or planning after seeing the price. Yes, because the target is long term.
So actually the answer varies depending on each individual's daily habits.
Long-term investors and short-term traders often have different approaches and mindset towards the market. Long-term traders just as the name implies, focuses more on the long-term benefits of the market, rather than the short-term, they employ more of buy and hold technique, overlooking the market's short-term fluctuations and focusing on the long-term trajectory of the market. If they're to check the market performance/status, it'll be mostly on weekly basis or every few days just to know the actual status of the market and stay informed, but no matter the market conditions, they'll never make any sudden decision based on the short-term performance or changes.
This mostly prevents them from making some miscalculated and emotional decisions like buying in a peak, thinking it'll go higher and also selling during a market downturn, which can cause serious damages to one's investments.
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It depends on what you are doing if you ask me. If you are planning to hold after buying crypto like bitcoin then checking the price daily or weekly doesn't matter that much if you are planning to hold it in long term. For other situations, checking price daily would be good as it will help you manage your portfolio well if ever there's something going on like price increase or decrease and also news about crypto.
+1 .... Holding long-term has different habits compared to daily traders, which is why some people don't always check prices, but maybe only once a week or once every 3 days just to find out information, there are no short-term decisions or planning after seeing the price. Yes, because the target is long term.
So actually the answer varies depending on each individual's daily habits.
It also depends on how long have you been in the market,
Maybe < 2 years, you would have to check the market regularly and who knows, those people reaction negatively and sell their Bitcoin because they are worried that it will continue to go down and they are going to lose their investments.
>5 years experience, you've seen a full cycle already so you have that experience and not be affected by the price movement as you know that you needed to look at the bigger picture and not be afraid if the market like goes -10%. Instead you take this opportunity to accumulate.
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Since the price of each crypto is updated independently, those who associate themselves with 24hour crypto are the most updated. But in that case those who buy bitcoin only as a holding, check the price progress 5-6 times a day. I always review bitcoin prices because i want to buy on dips. Moreover even if i get a profit by selling then i always have to look at the rise in the price of bitcoin.
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Because I am a typical holder and don't make trading decisions very often, I rarely check market conditions. Initially, I often checked Bitcoin market conditions, but because there was never any impact or no action, I reduced my intensity in checking market conditions. I don't check the market, it doesn't mean I don't care about my assets, but this is also my strategy to be a little less emotional when there is FUD or when the market is correcting.
Of course, if you are a long term holder, you won't check the market very often. Yes, Bitcoin brings big influence to the the whole crypto market, it is important to know Bitcoin trend before we decide anything about our investment. Sure, even if we don't check very often the market, we always care about our assets. But if we too often check the market, we may decide something bad because of we panic to see the market current condition.
From my previous experience, my decisions are always messy because emotions are still involved. And my previous evaluation was to start using reason and mathematics to make decisions, rather than using emotion and heart.
Yes, even we know the market current condition won't last forever, it can influence our emotion or our mentality. It is not good if we take a look the market too often. It just leads us to panic and decide something carelessly.
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Since the price of each crypto is updated independently, those who associate themselves with 24hour crypto are the most updated. But in that case those who buy bitcoin only as a holding, check the price progress 5-6 times a day. I always review bitcoin prices because i want to buy on dips. Moreover even if i get a profit by selling then i always have to look at the rise in the price of bitcoin.
Bitcoin movements are very fast and always change all the time and this movement is certain because it depends on the trades that occur every second. It all depends on your needs if you want to check every increase or decrease in Bitcoin, because investing will be different from trading.
If, like you, you really want to buy when there is a decline, you will always try to check every time, because Bitcoin moves very fast and there is always time to buy when it goes down and sell when it goes up, according to you analysis.
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For the long term, maybe I will just buy and then leave it and not look at the market too often so that my psychology is not disturbed, especially when the market is bearish.
Only monitor occasionally whether the price has Dip or not, because I will buy again gradually.
Long-term investments do not have to be monitored all the time because the target price is still quite high, and if the target price is almost reached then I will always monitor it to determine whether I will sell everything or not.
For sure, buying and HODLing for the long-term is a very good approach to avoid stressing about temporary market fluctuations and movements, there'll absolutely be no need to stress over daily market movements when you're investing for the long-term.
All you gotta do is just chill and let your investment grow overtime. And yeah, setting those price alerts could be a more preferable option so one doesn't miss out on an opportunity to buy a sweet DIP or reaching a particular price target.
But the most important thing remains having and maintaining a long-term perspective with your investment, because sometimes temporary market fluctuations can influence one's emotions and could sometimes make someone take certain decisions that could affect the person's investments negatively.
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Since market going down last two days, I am not active opening or checking the cryptocurrency price or checking my portfolio condition. Realize not get happy ending when checking the market price make us stop awhile around one week later keep opening the market price and hope any magical for bitcoin recovering back to the higher price.
Less capital recently although right now is very good opportunity fill our bag trough buy back some top potential altcoin I don't have any choose except waiting with my portfolio assets recovering and return back to higher price. Wish bitcoin and altcoin in near future can raise up again to higher price and today is most lower price of bitcoin.
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Since market going down last two days, I am not active opening or checking the cryptocurrency price or checking my portfolio condition.
I'm doing the inverse of it and actively checking the value of Bitcoin every few minutes to hours. The reason for that is simple, because the Bitcoin is getting dumped the other altcoins are also getting dumped and some of those altcoins are quite good and they have performed pretty well in past.
I've accumulated some of those altcoins when market was highly dumped and I'm already 10% up in some of the altcoins while 2-5% in other altcoins. I hope that those altcoins can gain 20-50% value within a month and that's going to be quite profitable for me.
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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 am not a trader nor am I an investor. But I often review Bitcoin price just to understand and gain experience of Bitcoin price behavior. I think it is important for a trader/investor to be experienced about price movements. This experience will help him understand, when to invest is profitable and when to invest is harmful.
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Just checked prices today cause there was bit of drama about dump on Twitter and telegram channels i'm subbed too — felt it's right time to buy and have scooped alt, hopefully it's a right entry and result will be juicy.
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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.
Nice purposeful but Bitcoin can not be stipulated to a daily minimum target due to its volatility so, you would either just set your alerts up until the day the market hits your expectations and then, you take your actions.
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Just checked prices today cause there was bit of drama about dump on Twitter and telegram channels i'm subbed too — felt it's right time to buy and have scooped alt, hopefully it's a right entry and result will be juicy.
It is very good to get used to checking prices on CMC or CGK where the current price is, because the movement for the past few weeks seems to continue to decline and there is no possibility to want it to increase again above $70K.
I think you can continue to pay close attention to what you say, information from X and Telegram, because all information is, of course, good to be digested well.
I agree, if we continue to accommodate altcoins, the potential is currently being corrected, because this opportunity is unlikely to happen again in the future.
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Right now the market condition drop drastically and make me very excited checking with bitcoin or market price almost every two hours, seems easily taking profit with short term although few percent behind market not stable yet and checking cryptocurrency price most often than usually get bigger opportunity earn much profitable.
I think many people or trader very excited regarding bitcoin not stable yet and still with lower price, just recovering few percent make altcoin raise up to higher price and later after bitcoin dropping has opportunity for purchasing back. I think still often for checking market price around each two or three hours every day before bitcoin raise up and stable on higher price.
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Since market going down last two days, I am not active opening or checking the cryptocurrency price or checking my portfolio condition. Realize not get happy ending when checking the market price make us stop awhile around one week later keep opening the market price and hope any magical for bitcoin recovering back to the higher price.
I did scalp the market with this dump and I had some cool profit from my trading, if was profitable but it is not Bitcoin, I shorted sol and took profits through the help of the Volatility. However, the inflation rate that was announce today seem to favour the market and it's gaining some momentum and the German government should be shameful of selling their Bitcoin dumping on everyone.
Less capital recently although right now is very good opportunity fill our bag trough buy back some top potential altcoin I don't have any choose except waiting with my portfolio assets recovering and return back to higher price. Wish bitcoin and altcoin in near future can raise up again to higher price and today is most lower price of bitcoin.
I have some I bought recently but I'm not too satisfied because I have not had enough but this could be a little move up and then another major downward again as the Macd is still experiencing high sell pressure on the monthly chart. Maybe that can be a perfect opportunity to buy more before we finally go up again.
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..the German government should be shameful of selling their Bitcoin dumping on everyone.
Why would that be shameful? It's free market no?
I have some I bought recently but I'm not too satisfied because I have not had enough but this could be a little move up and then another major downward again as the Macd is still experiencing high sell pressure on the monthly chart. Maybe that can be a perfect opportunity to buy more before we finally go up again.
It's hard to predict bottom, so it may be wise to just scoop up whenever opportunity arises.
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Since market going down last two days, I am not active opening or checking the cryptocurrency price or checking my portfolio condition. Realize not get happy ending when checking the market price make us stop awhile around one week later keep opening the market price and hope any magical for bitcoin recovering back to the higher price.
I did scalp the market with this dump and I had some cool profit from my trading, if was profitable but it is not Bitcoin, I shorted sol and took profits through the help of the Volatility. However, the inflation rate that was announce today seem to favour the market and it's gaining some momentum and the German government should be shameful of selling their Bitcoin dumping on everyone.
Less capital recently although right now is very good opportunity fill our bag trough buy back some top potential altcoin I don't have any choose except waiting with my portfolio assets recovering and return back to higher price. Wish bitcoin and altcoin in near future can raise up again to higher price and today is most lower price of bitcoin.
I have some I bought recently but I'm not too satisfied because I have not had enough but this could be a little move up and then another major downward again as the Macd is still experiencing high sell pressure on the monthly chart. Maybe that can be a perfect opportunity to buy more before we finally go up again.
Nah, we are all good with the German government selling their Bitcoin, I mean if they really care about the price, they wouldn't dump it right? So it's good that they have sold it early when the price is still not in the 6 digits. We might seen worst if they dump it when we are in the $100,000 and cost a massive panic. They still have like 9 Bitcoin to off-load, so maybe this month they will do it. And after that, we are all good, they've sold their Bitcoins and then we still continue to accumulate. So yeah, this is a perfect opportunity to collect and buy at a cheap price, then HODL and wait for the price to go to 6 digits. Maybe by that time the government of Germany might regret their decision to sell early, but who cares.
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Less capital recently although right now is very good opportunity fill our bag trough buy back some top potential altcoin I don't have any choose except waiting with my portfolio assets recovering and return back to higher price. Wish bitcoin and altcoin in near future can raise up again to higher price and today is most lower price of bitcoin.
I have some I bought recently but I'm not too satisfied because I have not had enough but this could be a little move up and then another major downward again as the Macd is still experiencing high sell pressure on the monthly chart. Maybe that can be a perfect opportunity to buy more before we finally go up again.
If you don't feel satisfied with what you have done, that is normal, because your expectations of what you are doing may be too high, so that when you don't achieve that satisfaction, it doesn't happen, but there will always be an opportunity to do it if you really want to do it again.
I think you just need to be patient when there is a correction that might occur and at that time to immediately buy and hold it until an increase in accordance with the target has been achieved and just let it go. Remember there is always that opportunity.
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I set up alerts for big price swings and always check bitcointicker.co in the morning to see what's up. Based on that, I decide whether to buy, sell, or just hold. I also use market limits for my trades and keep a log in CoinStats. It really helps to track everything, whether you use a dedicated app or just an Excel sheet.
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I decide whether to buy, sell, or just hold. I also use market limits for my trades and keep a log in CoinStats. It really helps to track everything, whether you use a dedicated app or just an Excel sheet.
Are you a day trader??? making decisions every time there is a price fluctuation is something that is very dominant for a day trader... if you make decisions every time there is a relatively large price change, then it is nothing more than a day trader who always makes decisions every day too... and in my opinion it requires quite a large capital too, because the price decline that always occurs can make you have to buy and keep buying again.
Different from me, who is now more focused on holding... and will only buy again if there is a decline of up to 15% or more...I also don't check the price every day... maybe once every 3 days.... I tend to let go of my emotions so I can hold until I reach my target selling price.
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Nah, we are all good with the German government selling their Bitcoin, I mean if they really care about the price, they wouldn't dump it right? So it's good that they have sold it early when the price is still not in the 6 digits. We might seen worst if they dump it when we are in the $100,000 and cost a massive panic. They still have like 9 Bitcoin to off-load, so maybe this month they will do it. And after that, we are all good, they've sold their Bitcoins and then we still continue to accumulate. So yeah, this is a perfect opportunity to collect and buy at a cheap price, then HODL and wait for the price to go to 6 digits. Maybe by that time the government of Germany might regret their decision to sell early, but who cares.
Even if the German government sold at $100K, so what?
Did you know that Tesla sold most of their bitcoin when it was at it's peak of $69K or something? (well actually, they [Elon actually] tweeted that they would sell it) and it instantly tanked the price of Bitcoin.
And it's obviously that we've recovered from that, right? So what is the big deal about that?