Topic: Don't start your day by checking the price of bitcoin in the morning. - page 3. (Read 912 times)
October 10, 2018, 01:44:24 PM
If you are a long term investor, then you really don't need to watch the value every day. The best advice I've heard - just buy bitcoin and forget about it, remember only a few years. Constant monitoring of the price only makes you nervous.
October 10, 2018, 11:43:47 AM
I personally believe that there is nothing wrong should a person start his day checking out the price of bitcoin, i think it is fairly normal, there's no addiction truth to that. I think addiction will be indicated by a constant checking of prices several times a day with frequency ranging in a matter of minutes only.
Additionally, the price of bitcoin only affects you so much if your maturity turns out to be sour and not fully ripe regarding the volatility of bitcoin's price. Otherwise, there's really nothing to worry much, you simply wanted to check how bitcoin is doing as you start your day and i find that cool. It's nearly the same as checking the weather forecast , you check it not because you hate the rain but to be smart enough to bring your umbrella with you when advisable to do so.
Additionally, the price of bitcoin only affects you so much if your maturity turns out to be sour and not fully ripe regarding the volatility of bitcoin's price. Otherwise, there's really nothing to worry much, you simply wanted to check how bitcoin is doing as you start your day and i find that cool. It's nearly the same as checking the weather forecast , you check it not because you hate the rain but to be smart enough to bring your umbrella with you when advisable to do so.
October 10, 2018, 11:37:15 AM
This problem concerns a very large number of people. My morning also begins with the fact that I open my laptop and check the value of my assets. I do it even if I want to go to the toilet. First, I look into my laptop and then allow myself to do my other business. I think this is not quite normal. This is a definite addiction.
October 10, 2018, 11:36:33 AM
If you're starting your day by checking the price of bitcoin and sometimes the price of it has decreases then it will make you unhappy and depressed. So you have to change this habit and check it at the end of the day if it is an investment, not the part of day trading.
October 10, 2018, 11:36:21 AM
Nothing like that, I start my day with checking the prices of selected coins where I have invested and may invest in future. It may depress, sometimes, but most of the time I will be having a plan about what to concentrate in the day.
October 10, 2018, 10:51:51 AM
Personally I check the price from time to time especially at the end of the day. In the morning I tend to see lower price. Of course this depends from the geographical location of the user but if you are just holding for the long run then simply check the price biweekly.
I always check in the morning, usually the price is stable rather than early in the morning because the server may have to update it on time, I am honest, I check it at 5 am at dawn and the results must be stable, in my opinion
October 10, 2018, 10:49:50 AM
Personally I check the price from time to time especially at the end of the day. In the morning I tend to see lower price. Of course this depends from the geographical location of the user but if you are just holding for the long run then simply check the price biweekly.
I think it is okay and normal to check the status of the price of the bitcoin particularly if you are holding some and just waiting for it to exchange or sell. Looking at the price first thing in the morning will mitivate you or not. It will be your motivator to continue to work hard and pursue some. Being aware to the current price is a good thing because you now when is the right time to act.
October 10, 2018, 10:41:42 AM
It's been a few months I decided to hold bitcoin, and I haven't intend to trade. I only invested for long term investment and it was grateful because I bought bitcoin at a price of $6000. Therefore, I am not dependent on seeing the price of bitcoin every day, even more with what you said 'seeing the price of bitcoin after waking up' it will not give an effect to change investments and choose trading.
October 10, 2018, 10:39:45 AM
Actually, it's not very good if investors see that the price movements every day will affect the psychological trading and management of the investor itself, but there are 3 classes in the trading session which must be considered, this might represent the investor.
1. Short Term
in this category, the short term is classified as only using trading with a fairly short term, usually classified in just a few hours.
2. Intraday
in this category, traders will usually use trading hold up to 1 day or a fairly long period of 1-3 days and it will take time to see the analysis every day.
3. Long Term
in this category, traders are not recommended to see every day, usually in this condition, traders are more likely to HODL until the deadline for profit has been determined in a long time
1. Short Term
in this category, the short term is classified as only using trading with a fairly short term, usually classified in just a few hours.
2. Intraday
in this category, traders will usually use trading hold up to 1 day or a fairly long period of 1-3 days and it will take time to see the analysis every day.
3. Long Term
in this category, traders are not recommended to see every day, usually in this condition, traders are more likely to HODL until the deadline for profit has been determined in a long time
October 10, 2018, 10:33:54 AM
I am not fully agree with you. I check price of my Bitcoin and other coins regularly or 2-3 days later from coinmarketcap. This haven't any impact on my daily life but it helps me to think and find out new idea about my investment.
If checking the price helps you think and find out new ideas about your investment then it has impacted in your daily life but in the positive way. Don't forget all humans aren't the same so majority are affected negatively by so doing October 10, 2018, 09:49:26 AM
The thing with this impulsive behaviour to constantly check the price, stems from the consequences from last years spike in
the price. 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. My advice is to accept that Bitcoin is unpredictable and that it does not follow a specific price
history and once you accept that, then you will not constantly have to check what the price is. (Once a day, will be enough)
the price. 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. My advice is to accept that Bitcoin is unpredictable and that it does not follow a specific price
history and once you accept that, then you will not constantly have to check what the price is. (Once a day, will be enough)
October 10, 2018, 09:47:26 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.
Like seriously ? I know the fact that sometimes checking the price daily might lead to anxiety and blood pressure but the statement you made "day traders don't live long" is a very bold one. Not all day traders develop this habit and not all day traders develop blood pressure or so.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.
I am not a day trader yet I keep checking bitcoin's price first thing in the morning but I don't take it so seriously because I know that these fluctuations happen on a daily basis and even if I am in a loss, I will definitely get a chance to recover it.
October 10, 2018, 09:43:11 AM
Personally I check the price from time to time especially at the end of the day. In the morning I tend to see lower price. Of course this depends from the geographical location of the user but if you are just holding for the long run then simply check the price biweekly.
I always check in the morning, usually the price is stable rather than early in the morning because the server may have to update it on time, I am honest, I check it at 5 am at dawn and the results must be stable, in my opinion October 10, 2018, 09:35:58 AM
I think this is something addiction like using mobile phones, you can not control yourself for checking your phone all the time , same as BTC .
October 10, 2018, 09:34:42 AM
BTC
Bitcoin price won't change if we start each morning by a btc price check, if we are a real hodler we don't have to care about bitcoin daily price change, if it's bull or bear I don't care"
BTC
Bitcoin price won't change if we start each morning by a btc price check, if we are a real hodler we don't have to care about bitcoin daily price change, if it's bull or bear I don't care"
BTC
October 10, 2018, 09:29:50 AM
it looks ridiculous but unfortunately I only see prices at night when I want to fall asleep, because it helps me to fall asleep well, how can you think it's not good to see prices in the morning because every hour is the same
October 10, 2018, 09:20:05 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
I think everyone of us keep looking on the price chart of bitcoin because we wanted to be more aware on the current movement of bitcoin in which we all been waited for... most especially these days.If we are going to look back the chart of 2017 October bitcoin have started to pump up.I think everyone was just excited to see of bitcoin would surpass that moment or just stay its value just the way it was. 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
October 10, 2018, 09:16:36 AM
I often see the price of bitcoin and altcoin every morning when entering the internet. It has become a habit but probably not suitable for long term investment!
October 10, 2018, 09:09:18 AM
I am not fully agree with you. I check price of my Bitcoin and other coins regularly or 2-3 days later from coinmarketcap. This haven't any impact on my daily life but it helps me to think and find out new idea about my investment.
October 10, 2018, 08:58:02 AM
I check the price during the day and before going to bed my observations show that the price changes in the afternoon
More likely it depends on the Country you live in. For some people during the day means during the night for the others.
Obviously, day traders should be always updated with the price and see the movements that are happening, however, investors who're holding Bitcoin for the long term shouldn't be worried about the price that much and checking it every hour or so. It's more important to know what events around the world are happening and what could have an impact on the price of Bitcoin.
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