A check on your wallet on daily basis can earn you some dollar - page 4.

Husires

legendary

Activity: 1596

Merit: 1288

Quote from: odunybiz on July 04, 2023, 11:20:29 PM

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.

Such tokens are not suitable for long-term storage, and therefore withdrawing them to the wallet is not a smart idea. Trade them with a trading bot so that it sells as soon as the currency reaches a certain price, and then you will not need to check the wallet continuously.

The only problem is that such bots work in central exchanges and the exchange may be hacked, but the chance of hacking is less than the chance that you will be able to deposit it in a timely manner.

Hyphen(-)

hero member

Activity: 994

Merit: 744

Quote from: odunybiz on July 04, 2023, 11:20:29 PM

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.

If you invest in altcoins and are unsure about their future and roadmap, you should check your wallet on a frequent basis to avoid losing all of your money.

Bitcoin investors always have peace of mind because they are very confidence in Bitcoin because of its transparency; also, Bitcoin is the leader of cryptocurrency, and Bitcoin price movements affect the price of the entire market. As a result, if you invest in Bitcoin, you won't have to worry about regularly checking your wallet.

Jawhead999

legendary

Activity: 1820

Merit: 1207

This is shitcoin, you should consider to check where this coin can be traded, not only about the price. Based on coinmarketcap [1], this coin traded on Pancakeswap, Gate.io and Bitrue. Both of Gate.io [2] and Bitrue [3] have been known as scam exchanges, moreover Bitrue was got hacked few months ago [4]. This mean you only have one choice, you need to trade in Pancakeswap, but the problem is AXL/WBNB pair volume is small. Do you think someone willing to buy the coin that the price suddenly reach more than 100000%?

[1] https://coinmarketcap.com/currencies/axl-inu/markets/
[2] https://bitcointalksearch.org/topic/warning-gateio-did-the-latest-scam-5412850
[3] https://bitcointalksearch.org/topic/scammed-by-bitrue-on-100000-scam-178-btc-5329248
[4] https://bitcointalksearch.org/topic/bitrue-exchange-hacked-for-23-million-5448821

SeriouslyGiveaway

full member

Activity: 504

Merit: 144

It is really risky. Your wallet can receive honeypot scam tokens.

You can verify those tokens with these websites and don't interact with their smart contracts if you are unsure.
8 ways to check if it's a token scam
https://honeypot.is/
https://detecthoneypot.com/
https://github.com/dappradar/tokens-blacklist

Fiatless

hero member

Activity: 574

Merit: 554

Leading Crypto Sports Betting & Casino Platform

If you are a crypto trader, you can check your wallet every day because you need to observe price movement and make decisions. But it is needless for a long-term holder to check his wallet every day because it is irrelevant. Long-term holders already have plans on how to handle their investments so there is no need to check the wallet often. Also checking your wallet every day can cause FUD which might make you sell your holding prematurely. Checking your bitcoin wallet every day can expose you to hacks or scams especially if you are not using a well-secured wallet. The more you expose your wallet to the internet, the greater the chances of experiencing problems. Most holders keep their investments in air-gapped wallets and leave them for a long time.

odunybiz

full member

Activity: 588

Merit: 119

Epsiloan Protocol

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.

Topic: A check on your wallet on daily basis can earn you some dollar - page 4. (Read 494 times)