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
wow this is just a simply but valuable advice,as myself always checking price everytime i have a chance and right,i mostly tempted to sell on panic and that attitude makes me do such action,having this in my mind now will help me lessen the chance of thinking this kind of issues.thanks to you mate for this one
Topic: Don't look at btc every five minutes - page 21. (Read 2443 times)
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
Totally understand this, especially now with the blockfolio and if you invest in altcoins alongside bitcoin the temptation to constantly check and scroll up and down is too much, I find myself doing it far too much, it would be much better if I just checked it maybe once a day or every couple of days, mentally it would be better. That's really stupid in many ways. I haven't done that but I think I know that some addicted to bitcoins are the ones who are doing it. It's really bad to your health so just do it 2x - 4x a day.
i have profit alot with btcbwhich is why i never worry whether the price dip to 50% but it sure its something that i could regret if i did 't check the price and the dumping happens. i certainly will go along
with the flow to take my profit before the -50%.
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
Something I personally noticed, is that you give coins much more value when you begin trading. Don't worry, this will go away. What might give you much rest is to set trade limits, take your loss at some points and grab profit elsewhere. Stick to your plans and only invest what you dare to lose. Think about the long haul and not short profit in this bearish market.
Admittedly, I cannot resist myself but to look on my blockfolio and I think it does not give me good results as instead of focusing
on the future, I worried on the present, I don't want to spend my emotion with bitcoin's price volatility.
That's really stupid in many ways. I haven't done that but I think I know that some addicted to bitcoins are the ones who are doing it. It's really bad to your health so just do it 2x - 4x a day.
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
Something I personally noticed, is that you give coins much more value when you begin trading. Don't worry, this will go away. What might give you much rest is to set trade limits, take your loss at some points and grab profit elsewhere. Stick to your plans and only invest what you dare to lose. Think about the long haul and not short profit in this bearish market.
Admittedly, I cannot resist myself but to look on my blockfolio and I think it does not give me good results as instead of focusing
on the future, I worried on the present, I don't want to spend my emotion with bitcoin's price volatility.
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
Something I personally noticed, is that you give coins much more value when you begin trading. Don't worry, this will go away. What might give you much rest is to set trade limits, take your loss at some points and grab profit elsewhere. Stick to your plans and only invest what you dare to lose. Think about the long haul and not short profit in this bearish market.
Absolutely correct, like a year after a day
Big fluctuations affect our emotions
I think there is no problem with the 4-hour line in the short term, but the weekly line is the key, with enough patience to earn
Big fluctuations affect our emotions
I think there is no problem with the 4-hour line in the short term, but the weekly line is the key, with enough patience to earn
I've been investing in bitcoin for a long time, and although I look at the price of bitcoin every day, I don't see it for five minutes, and I think it's a pleasure.
Yes, because everything's gonna be alright and already been issued for a new price. When we see that it is the existing price,and we need to control emotions of the best decisions. No matter if you keep opening your wallet it is still the same, BTC always been the strong price since 2009.
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
been there! I was exactly like this back when I was starting trading, as much as I dont want to check it every now and then I cannot resist it, as I was amazed by the first profit I made but after a day or 2 bitcoin dropped and ended up selling my bitcoin at loss. what a terrible feeling.
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 the market has been fluctuating continuously over the last few days. It can be seen that bitcoin prices are fluctuating continuously and there is no clear trend. Therefore, we must keep track of bitcoins at all times and at all times. Bitcoins always change every minute of the second, so if you watch every 5 minutes, you will not be able to keep up with the market.
You really remind me of late december when i checked my portfolio every single minute .. Green all over the place .. And now ! its becoming scary sometimes to do that.
For inexperienced people, trading can become very fast a kind of addiction, because there is a kind of childish belief that id we monitor the price all the time may be we can influence it. And the fear that - if we don't watch - something happen.
It's no different from check every minute mail or facebook. Stop it.
It's no different from check every minute mail or facebook. Stop it.
If you are an investor, then you do not need to control the market every 5 minutes. For an investor, one of the important skills is the ability to wait. And if you trade within a day, then the market must be constantly monitored. Otherwise, you can lose your money.
Yeah , i used to have blockfolio software on my phone and check the price every hour!
decided to remove it , some people are even worse , they have bitcoin ticker on apple watch!
it is frustrating to check it out frequently.
So you can see that the market is fluctuating continuously and extremely complex, so if you do not keep track of it, you will not be able to catch up on the market, resulting in extremely high losses and risks. . So we have to keep track of wherever we are so that we can coordinate and plan for specific investments. decided to remove it , some people are even worse , they have bitcoin ticker on apple watch!
it is frustrating to check it out frequently.
Yeah , i used to have blockfolio software on my phone and check the price every hour!
decided to remove it , some people are even worse , they have bitcoin ticker on apple watch!
it is frustrating to check it out frequently.
decided to remove it , some people are even worse , they have bitcoin ticker on apple watch!
it is frustrating to check it out frequently.
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
wow this is just a simply but valuable advice,as myself always checking price everytime i have a chance and right,i mostly tempted to sell on panic and that attitude makes me do such action,having this in my mind now will help me lessen the chance of thinking this kind of issues.thanks to you mate for this one legendary
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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
Yea you are right but first, we need to control emotion. if your emotion is controlled by you then it doesn't affect if you see the price in per sec.seeing bitcoin price, again and again, has also merits and demerits. Merits are it can help to do day trade.And demerit is treader will be shocked again and again. I agree with this theme no need to see bitcoin every five minutes because it can make you confused or panic losing bitcoin barley with cheap price.
It depends on the traders, no matter how often I check bitcoin price but if my main purpose is for long term hodling then I wont do panic selling. Checking bitcoin price more often will help traders to decide what to do. Panic selling usually done by beginner traders who are afraid to lose their money, they hope to make profit in short time but they are not ready with the fluctuation.
And no matter how often we check the price it won't change any way.
And if you're long term holder the price doesn't matter because you're not selling it. However, checking it every minute is a real struggle tho as we wanted to see if our coins doing, checking doesn't mean we want to sell it but rather just observe the market.
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