Do you watch the price of your altcoin everyday? - page 24.

naily

member

Activity: 350

Merit: 10

Quote from: joypark333 on December 29, 2017, 08:26:24 PM

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?

as a currency trading crypto checking the price or value we are investing is very important, because it will give you a decision what you should do if there is a change in price

xnightly

newbie

Activity: 66

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it's hard not to, unless the market is being super bearish like during late june-july of this year

shesheboy

full member

Activity: 714

Merit: 114

Quote from: joypark333 on December 29, 2017, 08:26:24 PM

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?

actually were on the same boat because im also doing that. i oftenly check the price of my altcoins every single day and sometimes im addicted to it , to the point that i check it every 20 to 30 minutes. that happens everytime i see a coin that has been pumped out and reach its peak. however i think doing this practice is not a good habit anymore because i then forcibly tempted to sell my coins whenever or wherever i see a price hike in one of them. although i still earn a profit but i still regret it if the value of a coin could move up again.

lolchina

full member

Activity: 294

Merit: 103

Not just every day but also every time when i get up,even have app on my phone that follow market action of some coins and alarms that goes of if the target price is reached(blockfolio app)Trading is my main income as i am earning in few days more then i would earn in a year working the job for wich i went to colledge,yes its stresfull but you need to be cold headed for it

Dullmartini

full member

Activity: 196

Merit: 100

I look at the price of my coins every day, more than once a day. However, each coin I own i have a plan for. I also plan my investments. I know in advance which coins to buy, how long to hold, what level of profit I want (if it’s a short term hold) so I don’t get carried away with fud or fomo.

Partizanai

member

Activity: 112

Merit: 10

Quote from: joypark333 on December 29, 2017, 08:26:24 PM

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 watch my coins every day, i read all the news about them, some days if i feel that dump will happen i sell part of them

M0N3YMAGNET

full member

Activity: 159

Merit: 100

I check my prices on a daily basis. When your money is at stake, I think it's important to watch every penny.

mx667

full member

Activity: 294

Merit: 114

Quote from: rbv on December 30, 2017, 07:02:37 PM

I wrote a simple HTML file which retrieves the current prices of my coins and then calculates how much my investements are worth at the moment, the difference to the money I put into them initially and a gain factor. It's nice to see what is going on but I think it would be healthier to blindly HODL for a while and focus on more important issues. Different sites provide nice widgets you can use in HTML, see for example https://coinmarketcap.com/widget/ or https://www.coingecko.com/en/widgets/ticker/iota/usd

I do not think so, I never check and track the price of cryptocurrency at all times. But it really depends on your profession. If you are a trader, then you need to check always at all times. But if you're not a trader and just a long-term investment, then I guess you do not have to check every time. Suppose you've collected and bought some Altcoin, then you want to invest long term. Automatically you will not care about the price and just read the news occasionally. You need a check, but you do not have to check every time. I hope you understand what I mean and do not misunderstand. I usually just check from news and discussion of people only.

8rch7

sr. member

Activity: 1344

Merit: 459

Vave.com - Crypto Casino

If you trade, I think yes should always keep paying attention to price movements. But if you do not want to bother, you can take advantage of some applications that have a feature alarm price crypto, just by setting the alarm to sound when a certain price.

rbv

newbie

Activity: 49

Merit: 0

I wrote a simple HTML file which retrieves the current prices of my coins and then calculates how much my investements are worth at the moment, the difference to the money I put into them initially and a gain factor. It's nice to see what is going on but I think it would be healthier to blindly HODL for a while and focus on more important issues.

Different sites provide nice widgets you can use in HTML, see for example https://coinmarketcap.com/widget/ or https://www.coingecko.com/en/widgets/ticker/iota/usd

markint

member

Activity: 329

Merit: 14

I know that this is not a healthy habit, but I can not avoid my obsession to be continuously observing the behavior of the markets throughout the day. There are times I can not sleep or I wake up in the early morning just to observe the price of my cryptos. I know I must find some way to overcome this harmful trend, but I have not found it yet.

yonton

sr. member

Activity: 854

Merit: 262

I do but that's only because it's a rather large amount. NEM is the next big coin to pop btw Wink

Zakhal

full member

Activity: 280

Merit: 100

I love crypto

It depends on whether Im making money or not. If the flow is alive then I can relax. If its not then I have to find a way to restart it, and then its more time consuming.

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: joypark333 on December 29, 2017, 08:26:24 PM

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?

It will put the more emotion. But i just to do it to train my mentalsm. as you can see how so many people are so made if the price goes down. I just use the app like blockfolio to watch the price for all of my portfolios everyday. To give a good mental for me. it looks good but at the same time bad for you.

zorranco

full member

Activity: 177

Merit: 100

U serious? Grin

I watch it at least 1 time every 2 hours.

I don't use stop losses, so sleeping is forbidden Cool

SaoAccel

member

Activity: 378

Merit: 16

I use an app that i downloaded in the playstore named Blackfolio. It's easier in there to watch the prices there. And it's better if you always watch the prices of your coin if you're a trader so that you will know where will you invest next.

explorecrypto

newbie

Activity: 17

Merit: 0

I have blockfolio where I track the ALT rates and put in alerts.

MV7

full member

Activity: 322

Merit: 107

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

I usually watch the price a few times a day, but not like every 5 minutes or so. That would definitely be unhealthy and not really even profitable. I tried day trading some time ago and doing swing trades / making 30 trades a day I found is not as profitable as just holding a coin for a week or month and then selling. I would definitely advise against checking prices every 10 minutes or something because it will just give you anxiety.

rainangel7

member

Activity: 84

Merit: 10

I downloaded an app that saves me alot of time, look at all my coin in 1 minute and see the profit too, the app is coincap.io if anyone is interested

krayzie32

sr. member

Activity: 479

Merit: 250

https://streamies.io/

checking price everyday is the good way to check the market fluctuation. You have to catch the news to give the important decision. What's about the emotion? you have to accept and train your emotion under pressure if you wanna succeed.

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