How often do you check on your Crytpo/Bitcoin?

[armanda90]

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.

[joniboini]

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.

[JoyMarsha]

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.

[Freemind]

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.

[MUGNIA]

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

[Litzki1990]

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.

[Dr.Bitcoin_Strange]

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.

[taufik123]

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.

[Crypto Library]

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.

[Dr.Bitcoin_Strange]

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.

[Agbe]

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.

[taufik123]

-snip-
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.