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Topic: Don't start your day by checking the price of bitcoin in the morning. (Read 824 times)

full member
Activity: 331
Merit: 100
i think its okay to check the bitcoin price in the market at the morning, it will more effective when the market down, and you have some asset in cryptocurrency you shouldn't check the price periodically i think you can check it once in 2 days, so you never join the panic sell gang hahaha
I personally don't see the price of bitcoin every day, because I have the intention to save bitcoin until the end of this year. I only focus on working the factory to earn income and usually after getting a salary I see the price of bitcoin if there is a capital I immediately buy and save so that my bitcoin savings are increasing.
newbie
Activity: 322
Merit: 0
Health is indeed good wealth, but healthy without bitcoin is also not good, as well as bitcoin without health is also not good, that balance is needed to respond to the rise and fall of bitcoin calmly and take all opportunities.
newbie
Activity: 22
Merit: 0
Checking Bitcoin price is very interesting to me because I know where my investment is moving to. I make sure I check it early in the morning and also when going to bed and it gives me hope that better days are yet to come.

Me too. I can not stop checking bitcoin price every morning and before going to bed. It help me to have a peace of mind.
hero member
Activity: 1148
Merit: 504
LOL not only do I check the price of Bitcoin first thing in the morning, I also check the 1 day, 5 day, 1 month, 3 months, 1 year, 3 years, 5 years, max time charts; as if something will change in the past  Grin

It's a superstition more than an addiction.


I also often check the state of the market a month, 2 months, 6 months, a year ago, in order to compare it with the current state. And I don't see an addiction, because this is my work, I try to do it responsibly.
there is nothing wrong with checking prices every day, especially if you are a trader it would be great to do a price analysis on the
market, unless you are a holder and you are people that easy to panic, it is certainly not advisable to look at charts too often
legendary
Activity: 2380
Merit: 2369
I usually get hourly updates of bitcoin price, I like to know what's going on and if I survived the last 10 months (I mean, the whole 2018), I think I can keep going. I already understood that this year is gonna be terrible and I can't do nothing about it of course, so I am in peace with that. But I wanna know the price.
full member
Activity: 350
Merit: 100
i think its okay to check the bitcoin price in the market at the morning, it will more effective when the market down, and you have some asset in cryptocurrency you shouldn't check the price periodically i think you can check it once in 2 days, so you never join the panic sell gang hahaha
member
Activity: 909
Merit: 17
www.cd3d.app
  I think checking the price from time to time specially in the morning is just a part of the game. In crypto you have nothing to look at first but the price. If you are investors of course you still need to monitor the price. Everyone in crypto are always checking the price,i think,because it will help someone if he need to hold for so long or it's time to sell and buy another coins to invest.
full member
Activity: 434
Merit: 100
Well all depends on if you day trade for a living or if you want to grow a long term pension fund or wealth building activity. It is hard for those who own Bitcoin and trade daily not to look at the price but if you have made the commitment to invest long term, then looking daily in the morning might not be so important, unless of course we have a moon landing then you would want to press the sell button for that.

I agree, we check the price of BTC to make our decisions in selling and buying stocks, It is a basic activity for traders who are in this type of industry, some of us are scared of losing profits but i think you will also earn from that, Seeing the move of a certain assets or coin will give you predictions and insights on its next price and value, by this you will overcome the stock loss and gain from it.
full member
Activity: 1232
Merit: 186
Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.
In my case, I don't have to overcome anything at all because I'm not a so called "addict" but for those who struggling then don't worry too much. There is nothing bad if you're very conscious about the market price because it's natural for an investor. But if you're addiction is up to extent that you check the market price every minute despite of being a hodler only then you now have a psychological problem (probably an OCD). Consult thr doctor.
If I'm not mistaken, what you are doing is you advertise the other topics you made. This is my first time to see something like this. If I were you, I will delete it since it is not mecessary at all Smiley.
member
Activity: 377
Merit: 10
The Premier Digital Asset Management Ecosystem
I think that you need to follow the trends and to be aware of the btc price both in the morning and evening daily if you are waitig for the chance to sell coins at a higher price and to become rich
member
Activity: 689
Merit: 14
World's First Crowd Owned Cryptocurrency Exchange
Many people have a habit of checking the price of their investments. I often check the price myself. But I try to fight against it and to put certain limits for myself. For example, no more than 3-4 times a day. Bitcoin is even rarer, because it is a long-term investment and there is no need to check its price often.
hero member
Activity: 1008
Merit: 500
Thank you for your suggestion but you can't people stop seeing the Bitcoin price regularly. Because it's like a habit now, Whatever we are, investor, holder or traders, we can't escape from the bitcoin downtrend market! So, I don't see any problem by checking the bitcoin price every morning, because we are habitual by seeing bitcoin low and high price.
newbie
Activity: 182
Merit: 0
I think that seems to be a habit of investors. Daily Bitcoin testing may be good for the green market but not as good as the red market because of the psychological fear of losing money. This may very well lead to Fomo that I know of. Your advice is a good thing for investors and very noticeable.
member
Activity: 322
Merit: 10
The New Pharma-Centric Marketplace
Similarly, you can advise not to watch the news in the morning, because they tend to be negative and will affect a person's mood throughout the day. In fact, it does not matter how often and at what time of the day or night you check the price of cryptocurrency, if it grows - you are on the rise, if it falls - you begin to experience negative emotions. This is the usual everyday life of any investor.
full member
Activity: 462
Merit: 104
LOL not only do I check the price of Bitcoin first thing in the morning, I also check the 1 day, 5 day, 1 month, 3 months, 1 year, 3 years, 5 years, max time charts; as if something will change in the past  Grin

It's a superstition more than an addiction.


I also often check the state of the market a month, 2 months, 6 months, a year ago, in order to compare it with the current state. And I don't see an addiction, because this is my work, I try to do it responsibly.
member
Activity: 516
Merit: 10
I checking coinmarketcap couple of times in everyday, i'm not btc holder so no need to checking btc prices. I have 26 different alt coins that is why i checking every few hours which coin price growing. But i think all crypto holder checking at least 1 time when wake up in the morning.
newbie
Activity: 5
Merit: 0
Many investors get addicted to checking the price of bitcoin first thing in the morning whether it be they're semi-holders or HODLERS (aiming to hodl for a very long time) . I read somewhere in respect to the stock market stating that, 'many investors day is determine by the price of his/her investment, leading to a great start if the price is up and bad start if price is down", because they checked the price of their investment first thing in the morning.
Although this information was based on the stock market, I know it also occurs in the Crypto market therefore I decided to give this advice here to benefit members of this forum, "avoid checking the price of bitcoin immediately you wake up in the morning, by so doing you're subconsciously programing your brain to response based on the price of bitcoin daily and these isn't good for your health. there's no gain in having wealth without health because health is wealth.

Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.


Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

Edited: advise is for bitcoin not some shitcoin wanna be bitcoin, if you invest in any of those, please check them every 5mins for that big pump so you dump lol Grin Roll Eyes
It's simple, the main thing is not to dwell on bitcoin and not to go to bed with the idea of how I spent the day (profitable or not). If you have lived this day and got a storm of emotions, then you should think about them. In the morning, drink a Cup of coffee, enjoy communication with your loved ones and only after you look at this, such an important exchange rate.
copper member
Activity: 294
Merit: 1
When I newly joined crypto,  I was used to checking the price of my holdings first thing in the morning. This singular act,  has a way of destabilizing my day.  So I stopped.
I resorted to checking prices during the day,  preferably at night.

I could say, I was not wired to withstand the price then because I was new to crypto.

member
Activity: 588
Merit: 10
They have their own strategies to benefit from Crypto. A trader of course will often check prices because actively checking prices will be more likely to make a profit. And if investment is certainly not too much to check prices, because to put profits they prefer for a certain period and wait for a better price increase.
full member
Activity: 518
Merit: 100
If you are very nervous after seeing the price of Bitcoin, then most likely you do not need to practice cryptocurrency, otherwise your health will be very badly damaged. If you want to trade a crypto, or through a financial exchange, then train in yourself mental stability.
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