Don't look at btc every five minutes - page 22.

Tamilson

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Quote from: Bitinity on February 25, 2018, 12:51:48 AM

Quote from: lani123lani on February 22, 2018, 01:13:04 PM

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. Grin

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.

Bitinity

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Quote from: lani123lani on February 22, 2018, 01:13:04 PM

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.

icecream sandwich

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Quote from: Walrus1 on February 03, 2018, 09:22:07 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 if you do not want to feel the pain on seeing that the bitcoins are still continues to fall do not check every minute because thats not gonna help the bitcoins to rise if you panic sell just like any other people. If you buy bitcoins and you are not gonna expect on selling it after a week because bitcoins today are for a long term investment not like before because they are falling and the right time to sell is when the go bacl to the moon again.

tuikindu

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I also agree that tracking every minute triggers panic selling, which is sure to make the market more volatile.

I am a long-term investor and I will check the price when I am free, because it is part of the fun.

Tuare aget

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Quote from: Walrus1 on February 03, 2018, 09:22:07 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

So if we know if that is the mistake then stop doing it to make sure we will never doing panic sell anymore specially for newbie.
I dont say that older experience trader never do a mistake but newbie do more mistake.

Lonego104

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Quote from: Walrus1 on February 03, 2018, 09:22:07 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 disagree, expert trader usually monitors their coins at every minute because there are times that you need to look at the price every minute most especially during buying and exit of coins. You need to understand the benefits of monitoring your coins at that interval.

If you are a long term investor then this is true that you don’t need to monitor your portfolio at this phase. It will only confuse your plan so I also encourage not looking at your coins or altcoins.

xitrum

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Quote from: Walrus1 on February 03, 2018, 09:22:07 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

We can see that today bitcoin prices are experiencing tremendous fluctuations in short time. Bitcoin prices are on the rise from $ 10400 to $ 9600, breaking the uptrend. I think it is very important to keep track of bitcoin prices everywhere and update prices every minute. to make accurate judgments and to make specific trade plans.

amber deposit

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Wait. And on whom then earn, if not alarmists will alarm. Grin

The main money in the markets is the result of emotions. There will be no emotion, no money.

xitrum

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Quote from: Walrus1 on February 03, 2018, 09:22:07 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

We can see that the bitcoin price is fluctuating in the last few hours, so we have to watch every minute to be able to give timely responses to every situation. Bitcoin prices are falling extremely fast and are now at $ 9800. I think the bitcoin price could be reduced so you should watch for the best bitcoin.

Jose Rizal

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Quote from: bttcoin on February 03, 2018, 09:39:48 PM

think this can be a very exciting activity, especially when the price of bitcoin is volatile. Then you try to feel like this roller coaster, go to heaven and go to hell, in a thought.

Well instead of monitoring the price of Bitcoin from time to time why not to produced more Bitcoin, why mot ot work harder so for the next time around you can have better amount than before, cause monitoring it will makes you kore excited only for the profit.

Gen-8

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in my opinion, we will continue to see and monitor this BTC if we do the trading, because of us always monitor the ups and downs of market price of this ditrading stock, we will know how targets we want from this trading. so if we do trading, we can not leave not to see this bitcoin even 5 minutes.

lani123lani

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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.

harimauagam

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It can make you panic and will hesitate to sell it, see it in 5 minutes because BTC can be expensive or cheap this is what might be called with a kind of bitcoin investment.

staywoke081

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Quote from: Walrus1 on February 03, 2018, 09:22:07 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

That is awful, I feel bad because I look at Bitcoin price before I get up and before I sleep. Even 2x in a day is enough for me, and most days I would like to check less if possible. Only problem is I have a bunch of alts so I actually need to know what Bitcoin is doing, because it may trigger some sell spots for me.

baby222

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In the beginning I used to look at my bitcoin very often (few times a day) but now I see the difference. I look rarely to it and I am more relaxed now. I don't panic when I see red

mOgliE

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Hi,

You are completely right. The point is that many people are only thinking about short-termism. So quite logically, they tend to quickly panick-selling!
Bitcoin is rather about long-termism and developping projects.

xiaohao111

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Quote from: Walrus1 on February 03, 2018, 09:22:07 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, when the beginners just buy bitcoin, they would have been paid close attention to the bitcoinof price changes, this will seriously affect people's mood, when a bitcoin prices, they will become panic and then sell the currency, so that they would lose a lot

cryptoalfs76

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Quote from: Walrus1 on February 03, 2018, 09:22:07 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

Will maybe your right of that statement bro,that always looking in the bitcoin price in the coin base can make us prone to panic especially if we are in long tern investment.but if you not also monitored everyhour into the coin base maybe also we cannot find a good trading in the market,because ,being a good traders you must find a good and have potential coins in the market.

blackmagical

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why you say that is a mistake, when most of traders is short-term holders and they need to track coinmaket to take profit?

CodyAlfaridzi

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Quote from: Walrus1 on February 03, 2018, 09:22:07 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

This is true not only for BTC, but for any kind of investment. Don't get too focused on micro timeframe movement when you are investing in something and don't get triggered to make action easily. These behaviors will most likely cause you losses and regrets. I've been through that stage before Cheesy

Before investing in something, do a thorough research, plan your actions, execute, stick with it, and get a life. Don't get too focused on them.

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