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Author Topic: How often do you check on your Crytpo/Bitcoin?  (Read 9427 times)

Offline bayu7adi

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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #105 on: July 04, 2024, 12:07:13 PM »
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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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #105 on: July 04, 2024, 12:07:13 PM »

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Offline Dr.Bitcoin_Strange

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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #106 on: July 04, 2024, 01:26:28 PM »
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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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #106 on: July 04, 2024, 01:26:28 PM »

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Offline Baofeng

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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #107 on: July 04, 2024, 02:49:49 PM »
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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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #108 on: July 04, 2024, 08:58:07 PM »
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.

Offline UNIVERSE

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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #109 on: July 04, 2024, 11:04:27 PM »
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.


Offline lepbagong

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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #110 on: July 05, 2024, 08:32:56 AM »
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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Offline Dr.Bitcoin_Strange

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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #111 on: July 05, 2024, 03:34:39 PM »
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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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #111 on: July 05, 2024, 03:34:39 PM »


Offline bounceback

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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #112 on: July 05, 2024, 03:56:52 PM »
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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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #113 on: July 05, 2024, 09:23:59 PM »
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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Offline Jewan420

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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #114 on: July 06, 2024, 07:53:09 AM »
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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Offline libert19

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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #115 on: July 06, 2024, 08:58:01 AM »
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.

Offline EluguHcman

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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #116 on: July 06, 2024, 12:18:08 PM »
Set alerts for major dips and also for gains, have a look at bitcointicker.co for the 24-hour view in the morning and make your decision on what your doing today, buy, sell, hold, or swap, etc,

set your market limit buy/sells for the day for buying in and selling and also coin pair swaps and your free until tomorrow but mAke sure you log all trades into coinstats or something similar or use your own excel sheet or program your own small logging program for desktop or mobile etc even a browser app will do.
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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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #117 on: July 11, 2024, 12:33:59 PM »
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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Offline armanda90

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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #118 on: July 11, 2024, 06:06:20 PM »
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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Re: How often do you check on your Crytpo/Bitcoin?
« Reply #119 on: July 11, 2024, 06:27:23 PM »
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.

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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.
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