Don't look at btc every five minutes - page 3.

mersal

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Quote from: ovcijisir on April 16, 2018, 01:59:45 PM

Quote from: MMA on April 16, 2018, 01:52:22 PM

Quote from: emmybd on April 16, 2018, 11:02:10 AM

It is very stressful to look at bitcoin price frequently. As bitcoin is a volatile currency, it fluctuates so much. News and rumours about bitcoin affect its price. So, looking at bitcoin price more often would cause you feel anxious.

In fact it is depending on your investment and interest, if you have invested a good amount of money in trading then you will surely check the bitcoin price regularly and frequently. To me whenever I invest a big amount of money in bitcoin then i really check the price from time to time, because we cannot say anything about bitcoin price and in fact anything can happen to bitcoin price in no time.

It depends on your trading. Some traders frequently check price and profit from rapid changes of value. To newbies it is better to hodl and don't trade too often because they often panic buy/sell and that is not good idea for trader.

Yes it is correct some trader's will sell their investment too quickly and buy some coins for that you will need to see every time the value of your investment but if you are a long term investment people it is not necessary in all time.

Mahanton

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Quote from: MMA on April 16, 2018, 01:52:22 PM

Quote from: emmybd on April 16, 2018, 11:02:10 AM

It is very stressful to look at bitcoin price frequently. As bitcoin is a volatile currency, it fluctuates so much. News and rumours about bitcoin affect its price. So, looking at bitcoin price more often would cause you feel anxious.

In fact it is depending on your investment and interest, if you have invested a good amount of money in trading then you will surely check the bitcoin price regularly and frequently. To me whenever I invest a big amount of money in bitcoin then i really check the price from time to time, because we cannot say anything about bitcoin price and in fact anything can happen to bitcoin price in no time.

You cant really avoid such thing specially when you invested big amounts and being worried will be there this is why we do actively check out on the recent progress either it goes down or your are profiting but actually this would be only good if you are doing shorting but if you are tending for long term then its not really needed on my side.Short term traders are the once who do made such moves.

ovcijisir

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🐪

Quote from: MMA on April 16, 2018, 01:52:22 PM

Quote from: emmybd on April 16, 2018, 11:02:10 AM

It is very stressful to look at bitcoin price frequently. As bitcoin is a volatile currency, it fluctuates so much. News and rumours about bitcoin affect its price. So, looking at bitcoin price more often would cause you feel anxious.

In fact it is depending on your investment and interest, if you have invested a good amount of money in trading then you will surely check the bitcoin price regularly and frequently. To me whenever I invest a big amount of money in bitcoin then i really check the price from time to time, because we cannot say anything about bitcoin price and in fact anything can happen to bitcoin price in no time.

It depends on your trading. Some traders frequently check price and profit from rapid changes of value. To newbies it is better to hodl and don't trade too often because they often panic buy/sell and that is not good idea for trader.

MMA

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Quote from: emmybd on April 16, 2018, 11:02:10 AM

It is very stressful to look at bitcoin price frequently. As bitcoin is a volatile currency, it fluctuates so much. News and rumours about bitcoin affect its price. So, looking at bitcoin price more often would cause you feel anxious.

In fact it is depending on your investment and interest, if you have invested a good amount of money in trading then you will surely check the bitcoin price regularly and frequently. To me whenever I invest a big amount of money in bitcoin then i really check the price from time to time, because we cannot say anything about bitcoin price and in fact anything can happen to bitcoin price in no time.

knightmairesaint

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Quote from: goaldigger on April 16, 2018, 09:50:52 AM

I agree with this. Checking the price from time to time can greatly affect someones decision and this is the common factor where weak hearts collapsed. If you will not check it, the element of surprise will make it more exciting and prevent you from doing such dumb things because of the pannic.

There is nothing with checking the market price especially if you are a trader and is currently trading. It is normal for us to do this because we want to make sure that we are going to gain profit. What is wrong is when you get too exaggerated in monitoring that you end up up checking the price as often as you can. Imagining this is already stressing me out, how much more is the person who is currently doing it.

Things like that is not healthy and will only cause you to do things and decide wrongly.

luckyluigi

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Oh, I have exactly the same problem in my life, I would promiss myself, that I will not look for just one day, and it does`nt work, lol. Itching to look on the price on market.

emmybd

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It is very stressful to look at bitcoin price frequently. As bitcoin is a volatile currency, it fluctuates so much. News and rumours about bitcoin affect its price. So, looking at bitcoin price more often would cause you feel anxious.

Donceng

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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

what you say is true, sometimes people always panic if often see the market movement, better to invest using long term, because this will make us relax.

panjul07

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Quote from: AMHURSICKUS on April 16, 2018, 10:12:10 AM

I agree to you sir, the more you see the bitcoin price every minutes, the more you get panic.
I only check the price of the bitcoin if theres a news about big increase or bih decrease and when i have to convert my bitcoin into our currency. Just trust btc its price will gonna recover, just wait and always be patient.

Normally and logically, panic will always come whenever you see the price moving no matter it is going up or going down. Indeed mostly, people getting panic whenever they see the price is going down. So it does not matter if you look at it every 5 minutes or every hour or every 24 hours, if you cant control yourself then you'll always be panic. The key is yourself, if you can manage your own emotion whether to stay on your plan or move to your other plan then you will not need to be panic.

boyshx

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Quote from: Kambal2000 on April 14, 2018, 10:56:02 AM

Quote from: bealjulian on April 14, 2018, 10:38:08 AM

Once you set the price, it will show the notification when it will reach that price. So do not worry about price pump or dump.Im not against on praying but this is totally irrelevant into this very volatile market. I am always calm when trading and always consider before buying or selling because all mistakes can be paid in money and when buying I always wait at least 30 minutes to be able to sell immediately

Seeing the price regularly will make you think in two situation depending in your thinking. For some, they will become sad and stress when the price continues to go down but if you are positive thinker you will see the price also in a positive way. You will see it as a good opportunity to invest.

Yeah that one true as well. I mean we can not forget that we do need to checkout the prices for the purpose of trading where we can just grab out loved coins when they are falling down and consider it opportunity over the panic situation. If everyone starts keeping that kind of attitude then I am pretty sure we can control our emotions while checking out the prices. However as trader I do believe that seeing the prices over and over again is helpful when it comes to the good trading. I mean I have to watch it all the time so that I can be on time for the stop loss orders. Otherwise I might just end up loosing money. So yeah I agree to this one that its upto the person how to take it, positive way or negative way.

AMHURSICKUS

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I agree to you sir, the more you see the bitcoin price every minutes, the more you get panic.
I only check the price of the bitcoin if theres a news about big increase or bih decrease and when i have to convert my bitcoin into our currency. Just trust btc its price will gonna recover, just wait and always be patient.

monkeykiss21

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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

In bitcoin you really know what is the circumstances of it. Because bitcoin is just like a roller coaster.. Sometimes it goes up and probably goes down. So don't panic if it's gonna happen, it's only a part of all things.

Lenzie

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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

When it is your first time on trading it can't be helped that you looked at it every minute but as you go by you'll realize by experience to create a strategy and organize time because looking at it every minute is really tiring.

Nyeyzel

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Yes, that ways right don’t always look at the price of the bitcoin, because you can’t do anything. It is prone to do something bad if you are always looking at it, like panic selling if the price gradually decrease.

goaldigger

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I agree with this. Checking the price from time to time can greatly affect someones decision and this is the common factor where weak hearts collapsed. If you will not check it, the element of surprise will make it more exciting and prevent you from doing such dumb things because of the pannic.

liivii

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Yes you have to monitor the price of bitcoin every now and then but looking at it every five minutes is just a nonsense idea and you only wasted your time, so instead of five minutes make a plan of monitoring the coin every 1 to 2 hours so that it will maximize the price movement of the coin. If your afraid to lose your money so you do the every 5 minutes monitoring then you don't really know what is bitcoin and your not ready enough to take the risk. Make yourself busy like trade some alt coins so that the attention you put in monitoring the price bitcoin will lessen.

holtzmann

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I will quote one guy from here: He said. I’d rather go to absolute zero, rather than sell of my portfolio while the prices are so low. Totally agree.)

headache1327

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It isnt necessary to look so often at the cost of the bought coin. You have to choose carefully time for investment, and then forget about it and not give in to panic of the market. Then you will see the necessary result.

gudrun

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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 think that in order to be able to trade successfully you should not observe and analyze techniques in small time frames, you should analyze from timeframes to large timeframes, I analyze from timeframes H4 Then H1 and find the entry point on the M15 timer. I genuinely believe that you can all be successful if you follow the above guidelines.

oracleongoodbye

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We all know that Bitcoin's price is very volatile, so we don't have to panic or to be very emotional whenever the price go down. I think before investing in BTC we need to make our detailed plan about holding, and the most profitable plan is storing the bitcoins for long term. Bitcoin is expected to rise highly in the few next years.

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