Don't start your day by checking the price of bitcoin in the morning. - page 2.

tegarp90

full member

Activity: 546

Merit: 100

Quote from: CryptopreneurBrainboss on October 10, 2018, 12:45:24 AM

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

bitcoin is worldwide and different side of the country has different timezone.
So, our morning is not the same i think.

DarkBullet

member

Activity: 336

Merit: 55

This is so me! Haha! When I wake up in the morning, I immediately open my mobile phone and connect to the internet to see the price of bitcoin and other altcoins. This maybe an addiction but I always see it helpful specially if you are tracking the growth movement or losses of your investment. You can't actually resist not looking on the price of bitcoin early in the morning because the pump happens surprisingly and you might miss that opportunity that happens rarely nowadays.

actueal

jr. member

Activity: 42

Merit: 2

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.

becklyn06

newbie

Activity: 79

Merit: 0

The temptation to wakeup and have bitcoin price in ones mind is sort of inevitable especially with the volatile nature of the current bearish market but its just safe to get distracted with other things and only look up current price if you must. I read recently that bulls may take as long as mid 2019 to have their run.

rosemary4u

jr. member

Activity: 392

Merit: 1

Personally I don't like checking the price of bitcoin on a daily basis, all that I do is to check at most every three days when am not actively involved in trading. The advice is great for hodlers, as you HODL, you don't really need to be checking the price that frequently as that might scare you looking at the recent state of the market.

happy weblancer

full member

Activity: 518

Merit: 114

Quote from: zazarb on October 11, 2018, 04:06:33 AM

Quote from: ?? on ??

Quote from: 42K on October 10, 2018, 03:17:11 PM

Checking the price of BTC in the morning doesn't mean it will reduce the price further buddy but to know whether the market is moving or not. I think its never a bad idea check the market early in the morning and even before you go to bed.

You don't understand what I'm trying to say, I'm not saying checking the price of bitcoin is bad but the intention used in checking the price is what I'm concerned about. What if you check the price in the morning and it has dip making your capital reduced by almost 30% it may end up making you to be sad the whole day which is not good and most time it leads to High blood pressure.

It's a psychological thing, if such things affect you so much, then you're not in the right place. Because every smart person who trades in this market understands that the price can not rise every day , so he does not care so much when he finds a fall in prices as he gets up.

And I like to look at CoinMarketCap every morning. If the price of crypto currency rises, I am glad if it falls, I think: it means that tomorrow it will jump! The market can't always be in the same trend, because it's the financial market!

Crypto Girl

sr. member

Activity: 980

Merit: 294

Quote from: Kprawn on October 10, 2018, 09:49:26 AM

A lot of people are anticipating a repeat of last years performance, so they constantly have to check the price to see when the push will come.

And that reality still strike us, yeah some of us are silently hoping that one morning we will wake up that the price had reach new ath, we're actually waiting in vain tho. I don't think checking the price is such an addiction, as long as you're used to all of these pump and dump and you didn't easily sway by fuds then nothing can change on how you look the market.

qiman

hero member

Activity: 1036

Merit: 504

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.

Market-desi

jr. member

Activity: 202

Merit: 1

if I have no day except investing in bitcoin and altcoin. and I almost every day and time always check the bitcoin and coin prices that I bought using bitcoin. because I really want to learn and pay attention to the bitcoin price chart

zazarb

legendary

Activity: 3584

Merit: 1548

Get loan in just five minutes goo.gl/8WMW6n

Quote from: ?? on ??

Quote from: 42K on October 10, 2018, 03:17:11 PM

Checking the price of BTC in the morning doesn't mean it will reduce the price further buddy but to know whether the market is moving or not. I think its never a bad idea check the market early in the morning and even before you go to bed.

You don't understand what I'm trying to say, I'm not saying checking the price of bitcoin is bad but the intention used in checking the price is what I'm concerned about. What if you check the price in the morning and it has dip making your capital reduced by almost 30% it may end up making you to be sad the whole day which is not good and most time it leads to High blood pressure.

It's a psychological thing, if such things affect you so much, then you're not in the right place. Because every smart person who trades in this market understands that the price can not rise every day , so he does not care so much when he finds a fall in prices as he gets up.

yhan2x

full member

Activity: 350

Merit: 100

when i open my explorer ill browse and check the market price time to time. so i have an idea when i need to trade my coins.

Ale75Opus

member

Activity: 308

Merit: 10

Quote from: CryptopreneurBrainboss on October 10, 2018, 12:45:24 AM

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

Perhaps you are certainly right, but I probably cannot change my habits. For me, trading in this market is the main job, and for me it is very important to control the situation and control the prices of coins. Just in time, I stopped taking everything to heart and get upset about falling prices. Now I am more relaxed about everything and feel more confident when I check the price of Bitcoin in the morning

SunGod-1

copper member

Activity: 24

Merit: 0

Research to the point of being comfortable in what you have put your money into, this will give you peace of mind to some degree.
Never use money that you cannot afford to lose.
Always think long term and the key word here is patience.
Delete all tabs, apps etc that waste time offering you current market fluctuations and portfolio updates. No amount of staring at price daily will do anything but give you “induced bipolar”.

Phan Long

jr. member

Activity: 238

Merit: 2

For some people, checking Bitcoin prices every morning is a routine and important task every day, otherwise they will be upset. This may affect your psychology as Bitcoin prices go up or down.

magnat7691

member

Activity: 350

Merit: 10

It makes no sense to look at the price every morning, if you hold and can not influence the course of events.

42K

member

Activity: 364

Merit: 10

Erotic Industry on the Blockchain! RachelX

Checking the price of BTC in the morning doesn't mean it will reduce the price further buddy but to know whether the market is moving or not. I think its never a bad idea check the market early in the morning and even before you go to bed.

BCTalkaccountforsale

full member

Activity: 308

Merit: 101

A good and useful advice for everyone. When investing in Bitcoin you should not regularly see its value daily as it will make your psychological instability. It's hard to avoid the bull market, but if you do not have confidence in the penny you invest in, it's likely to cause you to lose a lot.

Jahmal32

copper member

Activity: 322

Merit: 0

Quote from: CryptopreneurBrainboss on October 10, 2018, 12:45:24 AM

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

I'm checking the price, but I'm not nervous. Because I don't have bitcoin.

But there are tokens which in case of falling will be closed automatically by stop order. So everybody relax. Wink

clonely

member

Activity: 490

Merit: 10

SEND AND RECEIVE MONEY INSTANTLY

I was always on the phone last year. I was always following the prices. I'm more comfortable now. I set my stop loss and sales targets and set up alarms via blockfolio.

aray80

member

Activity: 420

Merit: 10

Reduce activities that trigger anxiety and make you stress, and adapt to market movements to strengthen confidence in investments that have been targeted for a period of time.

Topic: Don't start your day by checking the price of bitcoin in the morning. - page 2. (Read 912 times)