Have you not relented in viewing your account wallet? - page 5.

sheenshane

legendary

Activity: 2366

Merit: 1206

I remember my self when I was a new in investing in Bitcoin and other altcoins. I always checked my portfolio from time to time just to ensure and know if there is already my profit. I realized not to visit within a month and surprise my self of what is the result either dump or pumped. At least I can think better rather than always checking my portfolio.

I may advise don't look the market if you don't want to need them or something to convert into fiat. Holding in the long term is a good and wise decision to better the earning of profit. Bear this in your mind that always invest that you can afford or considered as your extra money, not the 1 month budget of your family. Cheesy

semobo

full member

Activity: 1498

Merit: 146

Quote from: TIDOVEE on November 09, 2019, 01:24:37 PM

It's been a while that the dump has persisted, many have hoped and predicted in several direction especially for the middle of the year till now and many have become so weary, their we're times I check my wallet like thrice a day, later twice, once and now a whole day I may not check. Most time like thrice a week, i'm sure i am not alone in this condition, how about you?

If you are tired of trying and trying,then its not a wonder that habits changed,myself changed from checking the prices few times a day from checking the price one or two times a week,but if there is a massive bump or dump on prices I will get notification.

bassbity

sr. member

Activity: 1092

Merit: 284

I think it does not need to be checked every day in your wallet? if you trade every time it's reasonable, the dump now is not very significant, so you can monitor your wallet at any time and you can see the development of tokens in your wallet how the prospects are going forward. and I don't do every day like you.

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

Quote from: TIDOVEE on November 09, 2019, 01:24:37 PM

It's been a while that the dump has persisted, many have hoped and predicted in several direction especially for the middle of the year till now and many have become so weary, their we're times I check my wallet like thrice a day, later twice, once and now a whole day I may not check. Most time like thrice a week, i'm sure i am not alone in this condition, how about you?

That always happpen to me. Checking it to see price different from price before hopping that the price increase in just 1 day at the same time affraid if the price of my holding decrease.

inthelongrun

hero member

Activity: 1848

Merit: 601

The Martian Child

During 2017, I think in every hour I am checking my bitcoin and altcoins except when I am sleeping or very busy. I am always excited seeing the updates of my precious coins. It changed a lot during 2018. I started to stay away from my wallets to avoid stress and depression. Later on, I started to slowly sell it little by little. Now I only have few altcoins and lesser bitcoins than 2017. 2017 and 2018 were a big learning experience for all of us. There is no problem holding them long term but we should exclude money that are to be used short term.

Wexnident

hero member

Activity: 2576

Merit: 666

I don't take loans, ask for sig if I ever do.

As a day trader ,checking wallet everyday is a must but in terms of long investment, I'd rather wait for a bullish season or check my wallet out a week before what I think would be the bullish season. It is a good practice to often check the news though, just in case anything happens. But that doesn't mean you should let occasional dumps get the best of you.

It is indeed true, checking your wallet everytime brings out quite a paranoia inside of you. Even in normal occasions, this could occur quite often.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: TIDOVEE on November 09, 2019, 01:24:37 PM

It's been a while that the dump has persisted, many have hoped and predicted in several direction especially for the middle of the year till now and many have become so weary, their we're times I check my wallet like thrice a day, later twice, once and now a whole day I may not check. Most time like thrice a week, i'm sure i am not alone in this condition, how about you?

I stay away from checking my wallet because I know that we are still going to trade sideways anyway, so what the point of regularly checking it? But I had to admit that during the bull run, Lol, I don't know, but like everyday I have to go visit my wallet and see how much I gain that day by just HOLDing on my coins.

But I have move on and mature already, perhaps once or thrice a day and then I go on with my regular life. Perhaps another check when I was about to sleep. If the price slips down, I'm not affected that much because this is supposedly a journey and you need a lot of patience as well.

ajeef

sr. member

Activity: 728

Merit: 251

Quote from: TIDOVEE on November 09, 2019, 01:24:37 PM

It's been a while that the dump has persisted, many have hoped and predicted in several direction especially for the middle of the year till now and many have become so weary, their we're times I check my wallet like thrice a day, later twice, once and now a whole day I may not check. Most time like thrice a week, i'm sure i am not alone in this condition, how about you?

It's okay in cryptocurrency investment for not cheking our wallet all the time because our intention is for investing we should just check our wallet every week or more. Because keep watching at our investment movement will make us doubt moreover when the price is crashed. We will have a will to cutloss and lost our investment. So, just let the market move and if we choose a good coin i'm sure it will comeback in months. So, before we can calm of our investment, we have to choose a potential coins first

iamaruf

sr. member

Activity: 1064

Merit: 265

Vave.com - Crypto Casino

This is really a bad habit.in 2017 i was doing that. But in this case i was worried and disappointed.Now i don’t check my wallet. Even i check my wallet once per month.

LouVandetta

sr. member

Activity: 602

Merit: 253

I didn't check my wallet that often. Since I'm more like a weekly trader, so what's the difference checking them every other time. Actively checking our wallet could also affect our emotions. The more we checked them the more freak out we are. That could lead to panic sell and all. If it's only checking prices, I do that almost every day. Give yourself some break.

Quote

Just always set the bot for stop-loss so that you won't lose too much if it's bear market.
Or if you are trading on Binance just use their tool properly like stop limit then take profit and stop-loss to make sure you won't lose the opportunity to make a profit and you can't lose too much if the coins are going to massive drop.

These things come in handy when you want to be a good traders. reduce the chance of losses when trading and don't really want to check your bags that often.

GreatArkansas

legendary

Activity: 2338

Merit: 1354

I remember my self before, always hourly or daily checking my account wallet.
I think that is only relevant if you frequently trading, or using some trading services ,just like what BitMaxz said above.
If you are looking for long term investment or trading for long term. Checking your account wallet time to time is not really important, it will just make you worried and your time will be wasted or much worst, it will lead you to something like FUD, because you worried why the price has dumped or pumped.

BitMaxz

legendary

Activity: 3374

Merit: 3095

BTC price road to $80k

Are you using a bot for trading?
If yes why are you worrying about your account wallet?

Just always set the bot for stop-loss so that you won't lose too much if it's bear market.
Or if you are trading on Binance just use their tool properly like stop limit then take profit and stop-loss to make sure you won't lose the opportunity to make a profit and you can't lose too much if the coins are going to massive drop.

jhenfelipe

hero member

Activity: 1372

Merit: 647

I think many crypto holders are in the same boat as you, from actively viewing wallet before to rarely check wallet during the dump. What for, right? There's no reason to view your wallet from time to time if you don't have a plan to trade, considering today's price. Don't stress yourself.

Personally, I rarely check my balances even before. If I do, it's through block explorers and not directly opening my wallets. I recommend it that way if you will not do any transaction.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

I am not too often to check my wallet. If I want to check something, that will be the bitcoin price. I let my wallet like what it is, and I only check when I want to withdraw. You don't need to do that because that will makes you too busy to check your wallet, and you can forget what you need to do. Just try to stay calm and leave your wallet in that place, try it for one day, then try with another day, and so on.

1Referee

legendary

Activity: 2170

Merit: 1427

The more you look at your portfolio as a non trader, the more likely it is that you either sell at a loss in panic, or sell well below your initial target price because you are too tempted to secure the profits that you already realized.

If you don't trust yourself, you can time-lock your coins (requires some technical understanding) to a certain block hight to make sure you don't sell until 2020 or 2021. From what I have read on various social media platforms, it seems to be something people are doing more frequently nowadays. This is only something you should consider when you know for sure that you don't need the funds in the forthcoming years.

oktana

sr. member

Activity: 1582

Merit: 281

Eloncoin.org - Mars, here we come!

Quote from: TIDOVEE on November 09, 2019, 01:24:37 PM

It's been a while that the dump has persisted, many have hoped and predicted in several direction especially for the middle of the year till now and many have become so weary, their we're times I check my wallet like thrice a day, later twice, once and now a whole day I may not check. Most time like thrice a week, i'm sure i am not alone in this condition, how about you?

if you don't have activity to accumulate assets, then you don't have to do that, or do you always check your altcoin wallet on myetherwallet? You only need to check the development of the team's roadmap in their official telegram. Position yourself as a long-term holder and you will not experience prolonged stress, including if you really hope and need it for important needs.

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

You don't need to do that, not unless you're a day trader, you can just see the price of the asset you have on CMC or just see the current situation of the market which is a little bit green for alts but a bit unfortunate for BTC.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: TIDOVEE on November 09, 2019, 01:24:37 PM

-snip-

The more you check your wallet the more paranoid you will become about your money and the more stress will come into your system making you sick. Embarrassed

It is important to maintain a healthy mindset when trading or investing. The market has been bad for many people, agreed. But dont let that have a bad toll on your body. This cycle of anxiety of seeing your wallet and the depression that follows on seeing your coins do bad should be avoided. Maybe take a break from the market for some months?

PS: Move this to "Trading Discussion", if that is the topic discussion you meant it to be.

TIDOVEE

sr. member

Activity: 1246

Merit: 255

It's been a while that the dump has persisted, many have hoped and predicted in several direction especially for the middle of the year till now and many have become so weary, their we're times I check my wallet like thrice a day, later twice, once and now a whole day I may not check. Most time like thrice a week, i'm sure i am not alone in this condition, how about you?

Topic: Have you not relented in viewing your account wallet? - page 5. (Read 1030 times)