A check on your wallet on daily basis can earn you some dollar - page 3.

Quidat

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Quote from: odunybiz on July 05, 2023, 12:20:29 AM

I'm used to the habit of not checking my wallet for days especially when am not expecting any coin or token from anywhere even though I have some token on the wallet. Recently I just check the wallet after been abandon for days and I observed this with this token.
--

This token has done 3883217% in some days without me observing at all. Even though this was a rug pull but let assume it real that is how I'm going to miss out the great opportunity.

CONCLUSION
It's a good deal for one to check his/her wallet at least once in a day. This will help you to control the funds in your wallet. Old token may do good within minute, one can take such advantage to make good cash out of such forgotten token.

Totally giving out that kind of regret eh? This is the problem on having multiple wallets and knowing that the coins you've been holding wont really be that monitored from time to time.
I did experience such events on which it did really end up for me to miss out those profit taking opportunity which it might be able to earn more how many folds with my investment.
Totally give out that kind of feeling of regret and stress specially you do know that you had missed out that huge chance on making money but you do make it slip just because you havent
done any checks.

Sometimes these long wicks could be also a bug or something like that or someone do make out that wrong price order but basing on the experience on Binance, you cant really that
sell order unless if this one talks about futures but not really on spot trades. Crypto alert apps might help but most of the case they are really that left behind
anytime there's that sudden spike.

JeffBrad12

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such effort to check daily for the sake of something that rarely occurrs just seemed like massive waste of time to me.
no point checking daily since shitcoin usually could be rising even the liquidity might not be even there.
so whats the point of it rising in value if there is no liquidity to back it up its just like waste of time honestly, i'd just usually disregard all these coins.
no point at all dealing with them, moreover lately there has been many method of draining wallet. so someone must be careful.
moreover if the coin truly become massive, you'd eventually notice it anyway.

serjent05

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I will echo others' suggestions and advice that there is no need to check our wallets daily. We just need to get a regular update on the price of our holdings and be ready to sell when our shitcoins got pump hardly. I know the pain of missing out on updates and not being able to sell our shitcoins when they got pumped. Being a trader, we need to know the price changes of our holdings since it is one of the SOP when we invest on shitcoins because these kinds of altcoin is very fast to get dump after it was pumped really hard.

dothebeats

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I wouldn't recommend anyone to check on their wallet everyday. This will be a cause for anxiety and you getting disappointed if there isn't any positive change on your account. What I'd personally do is check back every once in a while with no set dates, and just forget about if it's an alt that isn't really getting that much attention at all. The most important coins to look for are the big ones as usually other altcoins only follow the trend of these coins no matter the weather. Perhaps some small deviations here and there but ultimately, when btc goes up, almost every alt goes up.

Psynthax

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just put an alarm on these old shitcoins and you're fine, no need to check every day. there are many tools that gonna make your life easier.
I just think that these also exposes you to the risk of dealing with scam coins so you should know that if you don't pay attention enough you might lose your investments.

Johnyz

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There’s no wrong about checking your wallet from time to time and I’m sure you are just doing this because you are waiting for something, probably waiting for a time to take profit or to buy more. Though if you are not a trader and still have no plan to sell your holdings then I believe its better to check your wallet once a day, this can lessen your stress and frustrations, as a holder its also stressful to wait longer so have your balance approach towards the market.

The Cryptovator

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There's no need to constantly check your wallet every day. Simply keep an eye on your holding tokens and monitor significant changes in their prices. When you notice a significant shift, you can take appropriate action. However, visiting your wallet occasionally isn't a bad idea, but it's not really necessary.

KingsDen

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Quote from: Husires on July 05, 2023, 05:30:27 AM

Quote from: odunybiz on July 05, 2023, 12:20:29 AM

It's a good deal for one to check his/her wallet at least once in a day. This will help you to control the funds in your wallet. Old token may do good within minute, one can take such advantage to make good cash out of such forgotten token.

This is not a wise advice, because it is impossible to browse the wallet every minute, and it is difficult for the time of your browsing the wallet to coincide with the time of the currency’s rise, given that the rise of such currencies is fast and does not last for more than a quarter of an hour, even if you activate the notification and you are lucky to be connected when that currency rises It may take some time before you can sell it.

It all depends on the type of coin you are holding and the nature of investment you are having. Like someone who only has bitcoin in the wallet does not have need to check wallets often.
Again if the bitcoin investor is a long term investor, it may take months and years without checking their portfolio. I also think that checking portfolio often will pose a risk of exposing your wallet.

timoshani

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Monitoring the wallet constantly is difficult. Even with bots. Yes, and there is no need for this. Equally, there is a possibility of missing the jump in the price of any shield, as in your case. It is better to use this time to search for interesting tokens or participate in projects.

nelson4lov

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It's not a bad idea from OP. I don't only check my old wallets, I also check my old exchange account especially those they were available during the ICO era. I have been lucky enough to see some tokens in hundreds of $ after over a dozen month since the account has been unused. It's a good practice I would say but also be cautious enough to check the token contract on the corresponding block explorer to ensure that it's a safe token contract to interact with.

Overall, it's not a bad practice - just apply caution to check legitimacy of the tokens found.

nicolas222

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In fact we should often check our wallet often even important price changes can happen in a fraction of a second, personally i use a price check app that i have set up to send alerts when the altcoins i am interested in reach a certain value

Husires

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Quote from: ryzaadit on July 05, 2023, 08:12:09 AM

The spike 3883217%

However, most of the time because of a shit (exchange) there is no so much liquidity on that coin (like shitcoin). Then, with just a few hundred bucks $ can easily change the % coin with really fast.

Nothing new for this one, just a shitcoin without liquidity. that's all.

This is if we assume that this exchange will allow users to register and create accounts and be able to sell at an appropriate time before the currency price begins to decline. some exchanges use fast bots and prevent the execution of orders to attract more liquidity. They may ask users for documents or more data before they can withdraw their currencies. Therefore, unless the currency is listed in less than 5 reliable and high-liquidity platforms, you will not be able to sell it if you are lucky and the price of that shitcoin increases.

scam exchanges will require users to deposit bitcoins to be able to withdraw.

Jackl87

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Quote from: odunybiz on July 05, 2023, 12:20:29 AM

I'm used to the habit of not checking my wallet for days especially when am not expecting any coin or token from anywhere even though I have some token on the wallet. Recently I just check the wallet after been abandon for days and I observed this with this token.
This token has done 3883217% in some days without me observing at all. Even though this was a rug pull but let assume it real that is how I'm going to miss out the great opportunity.
It's a good deal for one to check his/her wallet at least once in a day. This will help you to control the funds in your wallet. Old token may do good within minute, one can take such advantage to make good cash out of such forgotten token.

Well first of all thanks for the tip. I also agree, that as a crypto investor the motto "I just wanna hodl so i buy and then i don't look at my coins at all for several years" is not a smart thing to do and can even lead to a total loss of your investment. A lot of stuff is going on in the crypto space with hacks and security breaches.
So stuff like the issuing of a new token is not that rare and i just had that a few weeks ago with Poolz. You had to claim your new poolz token on a website. So if you are not following the space at all for a long time it is very much possible that the time for the token swap is running out and in the end you only have worthless tokens on your wallet.

Wapfika

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Quote from: odunybiz on July 05, 2023, 12:20:29 AM

CONCLUSION
It's a good deal for one to check his/her wallet at least once in a day. This will help you to control the funds in your wallet. Old token may do good within minute, one can take such advantage to make good cash out of such forgotten token.

This is useless if you don't have any tokens that you are expecting that will pump. The example picture is just a rug pull which the value is fake. Most likely that token came from a scam airdrop which scammer is using nowadays by spamming their scam tokens through airdrop then charge some ridiculous fee just to swap it on DEX.

I have a wallet for almost 5 years and there's nothing inside until now. So using your advice will just waste my time if I do this for 5 years consistently. A rug pull token shouldn't bother you to do that because checking your wallet regularly will loss your focus especially if you are doing important things usch as work.

yhiaali3

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I used to check my wallet almost daily and then I gave up this habit, because 99% of the coins that my scam wallet receives are worthless.
Mostly scammers are sending these tokens to scam to trick people into traps.

o48o

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Quote from: odunybiz on July 05, 2023, 12:20:29 AM

I'm used to the habit of not checking my wallet for days especially when am not expecting any coin or token from anywhere even though I have some token on the wallet. Recently I just check the wallet after been abandon for days and I observed this with this token.
-cut-
This token has done 3883217% in some days without me observing at all. Even though this was a rug pull but let assume it real that is how I'm going to miss out the great opportunity.

CONCLUSION
It's a good deal for one to check his/her wallet at least once in a day. This will help you to control the funds in your wallet. Old token may do good within minute, one can take such advantage to make good cash out of such forgotten token.

Someone buyng their own limit sell orders? My guess is that you couldn't have sold your tokens anyway because i am betting there weren't any limit buy orders on those levels, just market buys for a thin sell wall that was most likely dev or a bot buying their own tokens for fake price action. Either that or a glitch. You don't need to watch your wallet constantly, that's not healthy.

gurunanakji777

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In general, everyone has knowledge about whether their coins can be manipulated for price increases or not, and most holders prefer to invest in coins from reputable projects. They do not have faith in meme coins that are prone to sudden price increases followed by sharp drops, as well as scams where developers abandon the project. If you hold Ethereum or Bitcoin, there is no need to monitor the price on a daily basis. Anyway, most people frequently check prices, but there are very few holders or traders who don't. As shown in the chart you posted, pumping can also occur, which involves manipulation with very low trading volume. I have seen this happen many times, so there is no need to regret or think that we missed an opportunity.

passwordnow

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Quote from: ryzaadit on July 05, 2023, 08:12:09 AM

The spike 3883217%

However, most of the time because of a shit (exchange) there is no so much liquidity on that coin (like shitcoin). Then, with just a few hundred bucks $ can easily change the % coin with really fast.

Nothing new for this one, just a shitcoin without liquidity. that's all.

I agree, usually those shitcoins that pumped that much don't have liquidity at all. And that means that you can't even sell and take that moment of selling it.
As much as you wanna sell, no taker is there as it's risky for the observers and traders that have noticed that pump. In other scenario that you're holding good tokens or altcoins, you have to take time at least when you've got spare time to check on how it is going. That's a norm even if you're just a long time holder just for you to check on what's happening and how much you've gained/loss on it.

ryzaadit

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The spike 3883217%

However, most of the time because of a shit (exchange) there is no so much liquidity on that coin (like shitcoin). Then, with just a few hundred bucks $ can easily change the % coin with really fast.

Nothing new for this one, just a shitcoin without liquidity. that's all.

yazher

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Sometimes you receive random coins you forgot from airdrops years or months ago. or they just randomly give it to confuse you because there are lots of scams nowadays that are even baiting people and luring them with a few coins in your wallet so that will get curious about it. Once they successfully lead you to their site, that's when the real game begins they are working hard to capture your attention and guide you to invest in their pump and coins and eventually the worst-case scenario is they are giving some rewards to others via referral program as well and it would be a nightmare if you are the one recruit the other victims to invest. so the best thing to do is to completely ignore it once you receive such random coins in your wallet if there is no decent price in it.

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