How often do you check on your Crytpo/Bitcoin?

[sheenshane]

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.

[Agbe]

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.

[Aanuoluwatofunmi]

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.

[Agbe]

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.

[lepbagong]

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.

[Kemarit]

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.

[libert19]

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.

[Sim_card]

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.

[Z-tight]

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.

[Agbe]

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.

[Freemind]

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.

[taufik123]

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.

[nakamura12]

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.

[MrSpasybo]

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.

[Paragon2]

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.