Are you following BTC price through Telegram channel?

[MrSpasybo]

Interesting idea. Because indeed if there is a notification from some of the channels, there must be a desire for us to open it. And after opening it, then there will be various other curiosity to check the market again and again. and if the market is really dropping, then the worry will really happen. and here, we understand very well that if we are worried, then it would be better if we win ourselves first rather than seeing the market condition that is really crashing like it is now, while on the other hand, we don't want to sell it or we prefer to hold them.

I have quite a bit of experience with Telegram and am leveraging it for my work, including tracking the crypto market through BTC price and macro news channels. Perhaps the BTC price channel on Telegram is a simple way to balance daily work with the habit of tracking the highly volatile crypto market.

I used to like accumulating Candy on Coingecko because it seemed quite interesting and fun, but when I opened Coingecko, I often spent an extra 5-10 minutes tracking my Portfolio, then I would lose focus due to being too happy when the balance increased or too sad when the token price dropped sharply. I had to give up the habit of spending a lot of time on the price chart to be able to work more effectively and maintain a stable income for my family and DCA crypto.

[rizqillah]

Yeah you're right. We have different way to check the prices in crypto market. But if you're a trader I don't think they use telegram to be notified about the price because normally the trader look at the chart so that they can analyze the market base on it. It's impossible to analyze the chart with just numbers. So it depends on what do you do in crypto, and I don't disagree that there are some people who really use telegram for price updates.

I am not an intra-day trader, I am a holder so I rarely spend much time on the price chart when using a smartphone. I usually research the BTC price chart when using a laptop and opening the TradingView website, that is when I want to assess and predict the market.

When I only use a smartphone, it is difficult for me to make predictions. I just need to know the fluctuations in the market: what zone the BTC price is in and whether it confirms a bearish/bullish signal. I have seen many investors monitor the market through the Binance app, quite few people just need to know the BTC price through a Telegram channel like me ^^

Oh, that's why. I believe most holders won't go to trading because they don't know how to analyze the chart. There are only few of them who can really analyze the market. Holders usually refers to a long term traders which is sold their assets when it reaches an specific price or year.

Honestly, even me I don't like to analyze the chart through smartphone because it's too small. You can't clearly see the setup, it can ruin my trades. I have to make sure that all of my trades are quality.

        -      Well at the moment, I'm still using one of the top exchanges and still trading views on what's happening with the price value of bitcoin in the market. This is where I'm really comfortable and confident when I do fundamental or technical analysis on an exchange.

Similar to what's happening now and of course we've seen some downtrends and currently the momentum is going up but it looks like it's only short then
in the end the price will go down again.

Currently the crypto market is experiencing a correction and we don't know when it will go up again, it's better to be patient and keep holding our coins.
let's just wait for good news that can boost the price of bitcoin and make the crypto market go up again.
because the price of bitcoin below $ 90K makes the price of altcoin also fall and it is difficult to approach ATH.

[MrSpasybo]

Currently the crypto market is experiencing a correction and we don't know when it will go up again, it's better to be patient and keep holding our coins.
let's just wait for good news that can boost the price of bitcoin and make the crypto market go up again.
because the price of bitcoin below $ 90K makes the price of altcoin also fall and it is difficult to approach ATH.

We have a lot of good news such as Spot ETFs for ALTs, bills for BTC reserve funds for US states and federal government, Bybit recovery after the hack, the reactivation of money printing machines all over the world... However, token prices continue to decrease, perhaps the good news has been overlooked by investors amidst market anxiety about inflation and trade wars.

Frankly, despite constantly following macro news, I rarely consider them when making investment decisions. I think price chart fluctuations are enough basis for me to buy, hold and sell. Temporarily, BTC price is still in an uptrend channel, has not fallen below $75K, so I don't have enough reason to sell off tokens and leave the crypto market. I still feel secure keeping the habit of checking BTC price a few times a day while using Telegram ^^

[Stompix]

I would never understand using Telegram channels for following prices of anything, there are 101 and one apps in Google Play that have widgets you can use to display the price right on your phone home screen, so why go through the rouble os using a secondary app that can easily be exploited by someone taking over that channel in the first place?

As for the guys following charts on tradingview, how did that work up during the last dump?
You people realize there is no chart and no indicator in this world that can predict what the orange money in charge of the biggest economy would do next?

[Aanuoluwatofunmi]

I don't use the telegram channel for my own bitcoin market price speculation and follow up, because I do observe that one can get different prices at a time depending on the platform being used, while more frequently, I make use of the exchanges to compare the market price, then also use coinmarketcap for my final review when it comes to checking on for the bitcoin market price, I don't think I can trust the use of telegram for that.

[MrSpasybo]

I would never understand using Telegram channels for following prices of anything, there are 101 and one apps in Google Play that have widgets you can use to display the price right on your phone home screen, so why go through the rouble os using a secondary app that can easily be exploited by someone taking over that channel in the first place?

As for the guys following charts on tradingview, how did that work up during the last dump?
You people realize there is no chart and no indicator in this world that can predict what the orange money in charge of the biggest economy would do next?

Using a Telegram channel to track BTC price is just my own way to balance the need to monitor the market with the stability of my psychology in investing. I use Telegram on PCs and smartphones, I can track BTC price anytime during work or rest without having to do any extra actions like unlocking the phone or switching to the home screen ^^

Market monitoring does not equate to attempting to predict market fluctuations, I quite like predicting but predictions often do not play an important role in my investment decisions. I have simple criteria to follow to protect my capital and profit in this market.

[Vx1]

I don't use the telegram channel for my own bitcoin market price speculation and follow up, because I do observe that one can get different prices at a time depending on the platform being used, while more frequently, I make use of the exchanges to compare the market price, then also use coinmarketcap for my final review when it comes to checking on for the bitcoin market price, I don't think I can trust the use of telegram for that.

Actually, we can search for various sources to find out, observe and analyze Bitcoin price movements. We can't just focus on one platform like Telegram, there are many ways we can do to follow Bitcoin price movements. The most common is by looking at price movements in the market, that's also what I often do. Because that's what I think is easier and simpler to do.

[MrSpasybo]

Actually, we can search for various sources to find out, observe and analyze Bitcoin price movements. We can't just focus on one platform like Telegram, there are many ways we can do to follow Bitcoin price movements. The most common is by looking at price movements in the market, that's also what I often do. Because that's what I think is easier and simpler to do.

Yeah, there are many ways for investors to update the market status. For example this morning, I saw the unusual price increase of BTC back to the $90K price zone through the Telegram channel. Then I opened TradingView and started to determine what was happening in the crypto market: it seemed to be a recovery after the announcement from Trump about the strategic crypto reserve fund.

Other investors can choose applications from CEXs, from Coinmarketcap, Coingecko, Blockfolio, TradingView... as long as they feel convenient and suitable for their specific needs. In the end, we monitor the market to optimize profits from this market only ^^

[Trongduy]

It doesn't matter how you are monitoring the market what matters is that you should not allow it affect you emotionally or force you into making decisions due to fear, uncertainty and doubt. What works for you may not work for another, this is why everyone cannot monitor the market the way you do. There are people who steadily monitor the market but yet because they are mentally and emotionally strong it is having no effect on them and their investment decision, they simply monitor the market for updates.

I used to have a bad habit: due to lack of investment experience, I was stressed, and when stressed, I wanted to know how my account was doing, I was stressed when the price increased and wanted to take profits, and I also wanted to leave the market when the price decreased. In the end, those strong emotions didn't turn into profits, they even made me lose more profits, luckily I didn't lose money.

Now I also limit checking BTC price and many other tokens, checking the price 1-2 times a day is enough to know where the market is and what I need to do to survive and take profits in this market.

[bitterguy28]

I used to have a bad habit: due to lack of investment experience, I was stressed, and when stressed, I wanted to know how my account was doing, I was stressed when the price increased and wanted to take profits, and I also wanted to leave the market when the price decreased. In the end, those strong emotions didn't turn into profits, they even made me lose more profits, luckily I didn't lose money.

past is past and you should not dwell on this anymore but we also have to learn from this because you may not have lost money exactly but you lost so much more possible profits only if you had just stayed level headed at all times it is difficult at times to be objective and level headed when it comes to money because admit it or not we humans are very greedy but we need to think about the long term results

[Amug123]

As a seasoned cryptocurrency trader, I have discovered that incessant price notification are more of a hindrance than help, the constant stream of updates only serve to heighten my emotional sensitivity,  which can cloud my judgment and compromise my trading decision.  To maintain a clear head and stay focused on my strategy,  I have found it essential to filter all the noise and only receive notifications that truly matters . This selection approach helps me to conserve mental energy, reducing stress and ultimately make more informed trading decisions.

[rizqillah]

I used to have a bad habit: due to lack of investment experience, I was stressed, and when stressed, I wanted to know how my account was doing, I was stressed when the price increased and wanted to take profits, and I also wanted to leave the market when the price decreased. In the end, those strong emotions didn't turn into profits, they even made me lose more profits, luckily I didn't lose money.

past is past and you should not dwell on this anymore but we also have to learn from this because you may not have lost money exactly but you lost so much more possible profits only if you had just stayed level headed at all times it is difficult at times to be objective and level headed when it comes to money because admit it or not we humans are very greedy but we need to think about the long term results

We must learn from the past, because by learning from past mistakes we will gain benefits in the future.
greed will always exist, but with good emotional management and always analyzing before making a decision.
I think as humans we do have bad emotions like greed and we must think logically so as not to get lost in greed.

[MrSpasybo]

As a seasoned cryptocurrency trader, I have discovered that incessant price notification are more of a hindrance than help, the constant stream of updates only serve to heighten my emotional sensitivity,  which can cloud my judgment and compromise my trading decision.  To maintain a clear head and stay focused on my strategy,  I have found it essential to filter all the noise and only receive notifications that truly matters . This selection approach helps me to conserve mental energy, reducing stress and ultimately make more informed trading decisions.

Yeah, I've also learned to just follow BTC price movements on the weekly timeframe to make assessments and predictions. Following BTC price through Telegram channels only satisfies my curiosity, luckily I haven't had to rush to open TradingView to analyze and cut losses on ALTs before a sudden and extremely large price movement of BTC.

Professional traders always have TP and SL, they have a cold head so they are often emotionless in the face of market fluctuations. I am trying and hope that I will have the same indifferent but effective trading psychology as them. At that time, following BTC price will be only for entertainment and serving small talk ^^

[enwi]

I used to have a bad habit: due to lack of investment experience, I was stressed, and when stressed, I wanted to know how my account was doing, I was stressed when the price increased and wanted to take profits, and I also wanted to leave the market when the price decreased. In the end, those strong emotions didn't turn into profits, they even made me lose more profits, luckily I didn't lose money.

past is past and you should not dwell on this anymore but we also have to learn from this because you may not have lost money exactly but you lost so much more possible profits only if you had just stayed level headed at all times it is difficult at times to be objective and level headed when it comes to money because admit it or not we humans are very greedy but we need to think about the long term results

We must learn from the past, because by learning from past mistakes we will gain benefits in the future.
greed will always exist, but with good emotional management and always analyzing before making a decision.
I think as humans we do have bad emotions like greed and we must think logically so as not to get lost in greed.

Indeed, every experience that one gets in the course of our life has some lesson to teach as far as the future challenges are concerned. So although greed stays a permanent human instinct, the actions related to that emotion can be adjusted to be much more reasonable and thought through. Analysis leads to less risk of making wrong decisions as those made are as a result of the findings. This is because logical thinking will ensure that we are ready for anything without failure of succumbing to some emotions that may come along the way. Probably, with the clear mind and the controlled attitude, one can make the correct choices and minimise detrimental effects of the actions which are taken impulsively.

[vegasus]

Professional traders always have TP and SL, they have a cold head so they are often emotionless in the face of market fluctuations. I am trying and hope that I will have the same indifferent but effective trading psychology as them. At that time, following BTC price will be only for entertainment and serving small talk ^^

Setting TP and SL is indeed one of the strategies of traders. And this is also one of the wisest risk management. At least, we can measure the results, especially if it is a loss. So that we can estimate what we should do in the next step. And what's more, traders usually don't just put 1 pair in trading, so we can also divide our focus better, still set well too.