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Topic: Don't look at btc every five minutes - page 13. (Read 2443 times)

member
Activity: 103
Merit: 10
March 11, 2018, 11:36:46 AM

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
Unlike the alts, bitcoin is relatively stable investation. You don't need to check BTC price every minute - there are no major changes in a short term as usual.
newbie
Activity: 21
Merit: 0
March 11, 2018, 11:29:40 AM
Checking btc every five minutes, I think is a bit exaggerated. I really don’t see the point of it. Undecided
full member
Activity: 1292
Merit: 101
Vave.com
March 11, 2018, 11:22:08 AM
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning

Its ok that if we track in every minute it can make us panicked. But If we look at the past it just got low at the early of the year,same things are happening now.  So I think we should make a plan to buy at the low stage to become profited we need to remind it ups and down is a common habit of market. .So that we won't be panicked more.
hero member
Activity: 1526
Merit: 501
DGbet.fun - Crypto Sportsbook
March 11, 2018, 10:54:18 AM
I agree with you. BTC is more suitable for long term investment. there are many things you have to do in this market to get profit. why do you just focus on checking BTC price? you should not do that.
If we are trading day and focusing on btc, checking the price on a regular basis is also a proper thing but we check every 5 minutes, that would be an inappropriate thing because the market will not fluctuate too much during that time. In addition, it also has a negative effect on our psychology when bitcoin receives bad news and prices drop sharply, and observing too much will make us think negatively then we will become anxious, sometimes we will panic sell, this mistake is too stupid, we should not let ourselves fall into that situation, calm, patient and waiting, these are the conditions to become a successful trader
newbie
Activity: 1022
Merit: 0
March 11, 2018, 09:20:36 AM
look up BTC after every five minutes it's really like a crazy man but nothing else. As member of newbie you don't look at BTC for every five minutes. Buy and sell of BTC is so difficult in local market and must have knowledge more  about BTC.
member
Activity: 210
Merit: 10
Never DO AIRDROPS
March 11, 2018, 07:18:32 AM
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
bener what your word, it should not be too see bitcoin in every minute, it is not justified, not even good for yourself. bitcoin prices sometimes rise and can also go down, if you monitor bitcoin every minute, it will make yourself exhausted, and can make you dizzy. when you see bitcoin at a low price, you can feel a sudden panic. that's why it's not recommended to monitor bitcoin in every minute. bitcoin prices may change at any time.
Errghh... What do you mean?. I cant find bener on my dictionary, Oh i forgot you are English Expert.
But, serious. I cant stop my laugh at this person. When you want to speak English, use your translate Properly. Idiot if you translate whole sentences and copying it out.
Another Indonesian try to write English properly. Undecided
newbie
Activity: 136
Merit: 0
March 10, 2018, 03:59:32 PM
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
bener what your word, it should not be too see bitcoin in every minute, it is not justified, not even good for yourself. bitcoin prices sometimes rise and can also go down, if you monitor bitcoin every minute, it will make yourself exhausted, and can make you dizzy. when you see bitcoin at a low price, you can feel a sudden panic. that's why it's not recommended to monitor bitcoin in every minute. bitcoin prices may change at any time.
newbie
Activity: 210
Merit: 0
March 10, 2018, 02:13:05 PM
Absolutely agree with you brother, if we look btc every 5 minutes its makes us more panic so its better to buy and wait unless you got some profit.
member
Activity: 378
Merit: 17
March 10, 2018, 02:07:29 PM
I think A lot of investors including me look at bitcoin price quite often and it is very stressful. So, looking at bitcoin price in several hours interval would be less stressful and better.
member
Activity: 210
Merit: 10
Never DO AIRDROPS
March 10, 2018, 12:51:49 PM
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning

I can understand, to update the value every 5 minutes if you trade but if you only need to hold, look at the value 2 or 3 times a day may be enough other items becomes an obsession!
And yah, it is not good for your eyes and heart. Because you will force eyes to watch Screen every time? Huh and Heart because the price can sudden Drop Drastically. I hope they not get Heart Attack after watching Bitcoin/ Alt values every time. I agree watch the value 2-3 times everyday is Enough. Analyze and Decide when the price always rise everyday and keep your eye on it. Grin
sr. member
Activity: 560
Merit: 250
March 10, 2018, 11:06:36 AM
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning

yes you really should not see the condition of the market every day because it will make you confused and not confident, you should just close the market but do not forget to put a sell order when expensive so you are not too late to sell assets you have at expensive prices.
full member
Activity: 263
Merit: 100
YGOLD is a Defi platform
March 10, 2018, 09:56:40 AM
I agree with you. BTC is more suitable for long term investment. there are many things you have to do in this market to get profit. why do you just focus on checking BTC price? you should not do that.
member
Activity: 336
Merit: 10
March 10, 2018, 09:01:01 AM
I think this is not good for your health as well as the spirit, efficiency of your business. With bitcoin is a long-term speculation over time. Even if it goes up or down, you look at continuous price charts that only make the body fatigue. even lead to stress. Especially at the time it goes down, you should try to get your body to rest and work with science. This is good for health and business efficiency.
member
Activity: 252
Merit: 10
March 10, 2018, 07:55:44 AM
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
Honestly, I am like this even any coin or token that I am holding I always look at the price and if the the price is going down I am panicking and honestly I am like in the big mess of my life just like that.
legendary
Activity: 2450
Merit: 1047
March 10, 2018, 07:51:28 AM
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
As long time trader and holder of Bitcoin I seldom check Bitcoin price I am more into looking altcoin price, especially on the ICO where I invested I do not panic everytime bitcoin is showing red unless the price goes down to 50% of its value.
member
Activity: 238
Merit: 10
March 10, 2018, 07:34:20 AM
I agree not to look out to bitcoin price in every 5 minutes because the time will be long for us to wait for the increase of bitcoin price. It really make us feel weak in monitoring for the price going up and down. This is what I like in this forum since there are a lot of unexpected that could happen to us and our decisions are the keys to a certain destination. Being paranoid about your money is what inexperienced persons do
member
Activity: 686
Merit: 30
March 10, 2018, 04:46:26 AM
nice advice , im agree with you , few month ago i just watching trading site for 5-10 minute frequently and that always make me scared , right now i just open it for 1 time in 3 day
newbie
Activity: 181
Merit: 0
March 09, 2018, 09:16:52 PM
Of course the main purpose of bitcoin is long term investment, if we always see btc every minute it will make us panic and sell it, like stock market, btc will go down if many people do panicsell.
member
Activity: 280
Merit: 10
March 09, 2018, 09:03:03 PM
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
Yes, I am one of the people who keep on tracking the value of bitcoin .Before I really easily got panic when I saw it's falling down and when I think it will increase a little bit I immidiately convert it to fiat money but now I already used how the market plays so I dont panic anymore.
member
Activity: 294
Merit: 10
March 09, 2018, 05:49:54 PM
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
You can see that bitcoin prices are dropping sharply in the past few days, bitcoin prices are down from $ 11,800 and are now closing at $ 9100 and still falling sharply in the coming days. I think bitcoin prices will continue to fall sharply in the last few days and may continue to fall further today. Therefore, we have to monitor the price of the BTC minutes and many different time frames to have the most comprehensive and accurate view.
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