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Topic: Do you watch the price of your altcoin everyday? - page 23. (Read 2102 times)

newbie
Activity: 236
Merit: 0
I'm watching quite a lot. But only because I'm building my portfolio and try to catch the right moment to buy the chosen projects.


If the initial build is done, I will hodl for at least mid of 2018. Maybe even longer. That means checking is not neccessary every day.
newbie
Activity: 42
Merit: 0
I’m watching at it every hour.
member
Activity: 210
Merit: 10
Yes I watch almost every 2 hours.
sr. member
Activity: 1190
Merit: 250
COMBONetwork
Everyday, I watch the price of the coin that I have bought. But sometimes this could cause FUD or FOMO if the coin pump or dump tremendously. I sold my coins when I saw the price go up, but missed out the huger profit.
I think if you watch the price of your coin everyday, it will put pressure on your emotion.
Some people just buy it and don't think about it, which could be good or bad.
What do you think? Do you watch the price everyday? If not, how often do you watch it?
How do you feel before you watch it?
Even i watch the price every hour to keep prices are suddenly rising or falling. To anticipate the unwanted thing happens that is losing some capital.
full member
Activity: 420
Merit: 100
Yes, this is the behavior that you see in all investors that all see their prices of invested altcoin. Not only the altcoin but every asset like, stock, bond, commodity etc. This is the natural phenomenon of every person and this habit is derived from the fear of loss and greed to take profit.
newbie
Activity: 22
Merit: 0
I was discussing with my friends yesterday about cryptocurrencies investments and he said he do by his coin and keep it until said after one year. I have to adopt that in other not to sell out of panic or taking profit early and starting regretting. I also do watch my altcoins several times in day but I have decided to follow my friend ways of buying and holding for 2018. I believe what happened in 2017 is going to repeat itself again.
I agree, I've started to do the same. Just holding some coins who have strong fundamentals. As long as the fundamentals don't change, then I don't need to change out of the coin.
Doesn't stop me still looking through a ton of coins and consuming tons of Bitcoin news though. lol
It still doesn't make downturns any easier though.  Tongue
sr. member
Activity: 882
Merit: 282
I was discussing with my friends yesterday about cryptocurrencies investments and he said he do by his coin and keep it until said after one year. I have to adopt that in other not to sell out of panic or taking profit early and starting regretting. I also do watch my altcoins several times in day but I have decided to follow my friend ways of buying and holding for 2018. I believe what happened in 2017 is going to repeat itself again.
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
Everyday, I watch the price of the coin that I have bought. But sometimes this could cause FUD or FOMO if the coin pump or dump tremendously. I sold my coins when I saw the price go up, but missed out the huger profit.
I think if you watch the price of your coin everyday, it will put pressure on your emotion.
Some people just buy it and don't think about it, which could be good or bad.
What do you think? Do you watch the price everyday? If not, how often do you watch it?
How do you feel before you watch it?

I used to. I used to watch every coin I owned and a lot of other coins I did not own. Every chance I had, and first thing when I woke up, and last thing before I went to bed. Did it make me a better trader? No. It probably made me worse. I got excited some times, buying when I saw dips I did not expect, or selling too quickly. The best is, Set entry and exit points (that means profits as well as losses) and stick to them religiously. In fact, stick to it better than religion. Especially stick to losses, never change your mind. That way, you also do not stay glued to the charts every day. Unhealthy and ultimately unhelpful.
newbie
Activity: 15
Merit: 0
Thank you guys for your reply. I am holding my coins as long-term investment. I have 4 kinds of altcoins. If you were holding for long term, how often would you watch the price?
full member
Activity: 434
Merit: 175
All altcoin is pump and dump coin at the first month of its launch. Or even if already 6 month old. The good altcoin is only altcoin which has thr reall use case and people really using it on daily basis or inthe futures people believe the technologies will be usefull by people arround the world. And also privacy coin. Privacy coin such monero, zcash, deep union really have their investor keeping those coin from dumping
newbie
Activity: 30
Merit: 0
i watch it several times every day. And i have some clear goals when to sell again so i don't care when the price is dropping for a while
jr. member
Activity: 70
Merit: 2
I check the coins that I bought for long term hodl about twice a day, after wake up and before sleep, just for curiosity how it is going. When talking about more risky coins, for these that I made stop loss and buy limits on exchanges, I check it by 10 minutes to 1/2 hours a day, depends  Roll Eyes But closer to the first limit of 10 minutes than 1/2 hours. Probably it's not only me doing this, right?  Grin
full member
Activity: 966
Merit: 153
Watching the price of your cryptocurrencies will put your pressure high. Because some times the prices are not stable. As an investors or trader you will be prompt to act quickly by selling it off causing you to miss huge prices when it comes.  So you should try to watch it three to four times a week atleast to keep updated. But you must keep your ears open, by reading latest news on cryptocurrencies. These will help you to know your next action. And one more thing, whenever the is low, don't rush off to sell it off, keep calm to decide your next move.
full member
Activity: 168
Merit: 101
Checking price everyday is the good way to check the market fluctuation.  You have to catch the news to give the important decision. you have to accept and train your emotion under pressure if you wanna succeed and I think it us a good way to make profit through small fluctuations. Short term traders always check the price on daily basis.
full member
Activity: 184
Merit: 100
I use blockfolio. Highly recommend it, saves so much time as it gives you your accumulated profit/loss in one go. Today, I am up  Smiley
sr. member
Activity: 910
Merit: 255
I check more than every day!
I check every 10 15 minutes  Cheesy. And even whenever i wake up at midnight i open blockfolio app and checking all the altcoin prices i have. I know many of you also doing the same.
sr. member
Activity: 696
Merit: 258
Watching price of your altcoin everyday is not wrong, you need to watch it only to monitor the growth and need to fix up a time limit or target price to achieve the desired profit. Until then you may or may not watch everyday, but need to closely monitor the trend occasionally.
full member
Activity: 280
Merit: 102
When buying always pick long term and only get coins you believe will have more value in the future. That way whatever happens you won't have to worry until a few years later.

But its good to always also keep tabs on coin prices. By doing so you'll have more chances of spotting very good buying opportunities. Just today i earned a few hundred dollars just by simply trading XRP at a good price range.
member
Activity: 378
Merit: 10
I watch it everyday just to make sure how it works on market so I can set a point when I should sell it.
hero member
Activity: 1778
Merit: 504
WorkAsPro
Everyday, I watch the price of the coin that I have bought. But sometimes this could cause FUD or FOMO if the coin pump or dump tremendously. I sold my coins when I saw the price go up, but missed out the huger profit.
I think if you watch the price of your coin everyday, it will put pressure on your emotion.
Some people just buy it and don't think about it, which could be good or bad.
What do you think? Do you watch the price everyday? If not, how often do you watch it?
How do you feel before you watch it?
I always see prices on coinmarketcap every day because this is my daily job. For me this really affects your psychology a lot because if the altcoin is down then you will definitely feel anxious and can sell everything to preserve your capital. It's best to calm down before buying and selling
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