how often do you check BTC price and how to cope with stress? - page 18.

onrise

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Quote from: Sadlife on April 22, 2018, 12:10:16 AM

Well the best thing to do is dont look at the price so you wont get depress by it. Instead find some activity that will take off your mind from it like spending your valuable time earning bitcoin or do some trading. For me i just do some signature campaigns then wait for the news when the btc price is bullish once more.

If you are a long term investor their should be no stress at all as you are a long term investors and small dip does not effects you any how as market in long run will give you return and possible you can make multiple times returns easily .

Sadlife

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Well the best thing to do is dont look at the price so you wont get depress by it. Instead find some activity that will take off your mind from it like spending your valuable time earning bitcoin or do some trading. For me i just do some signature campaigns then wait for the news when the btc price is bullish once more.

steveabrahams

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Quote from: mikelexus on April 17, 2018, 10:53:54 AM

how often do you check BTC price and how to cope with stress associated with this? I am checking it every few hours and it drives me crazy and makes me anxious. Is there anybody in a similar situation and how do you cope with this?

PS: I was trying to do this once a month, but I think, I missed the beginning of the bear market in January this year because of this.

Thanks,
Mike

To be honest i always check the bitcoin price everyday, always when i wake up. It's like a habbit right now, if i don't check the price for a day, i will becom curious and can't think anything beside bitcoin price. Maybe it's because i hold some amount on bitcoin. I know what you feel man, it's also makes me anxious.

Redhead5

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Quote from: Madeon on April 17, 2018, 12:59:44 PM

My advice is to never invest more then you afford to lose, by that principle you will not be stressed with the BTC price, I recommend checking it once per day, just to stay up to date.

To eventually cope up the stress of the swing price in the market you should keep an eye daily to be more updated of bitcoin crypto currency. Because BTC is very volatile and fluctuates everyday. Just keep calm and be patient to get out of sudden stress for an unexpected swings.

Tamilson

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Quote from: Rollkal on April 21, 2018, 03:49:43 AM

I have invested in BTC and I often check prices, but I try not to worry too much about them, their prices are fluctuating frequently does not fit some people who are weak heart and do not take risks. Be confident in this market.

Exactly and I guess you bought bitcoin and planned to HODL it so the fluctuations will never should bother you unless you're a day trader. Checking my coins regularly is just a usual thing for me though I hold it for medium term and seeing how volatile the market made me realize that if I'm holding a stabilize coin then I'll just wake up in the morning with huge profit on my face.

goldcoinminer

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Quote from: vinz7229 on April 21, 2018, 05:08:44 PM

Quote from: mikelexus on April 17, 2018, 10:53:54 AM

how often do you check BTC price and how to cope with stress associated with this? I am checking it every few hours and it drives me crazy and makes me anxious. Is there anybody in a similar situation and how do you cope with this?

PS: I was trying to do this once a month, but I think, I missed the beginning of the bear market in January this year because of this.

Thanks,
Mike

For me I check it daily so that I can missed the time when Bitcoin pumps up. Remember that Bitcoin is very volatile so if you can make it at least every 3 hours of monitoring much better, to avoid profit loss. But if in case you missed it don't panic just let it in your wallet cause I assure it will bounce back again.

As long as you know how to control your emotions,it would be fine if you check if often.But in my part,i prefer to check it twice daily,in daytime and nightime.There are really times that the market is red,and it seems that the more i see the price,the more i become depressed and i'm sure this happens also to those people who also made big investments in bitcoin.

vinz7229

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Quote from: mikelexus on April 17, 2018, 10:53:54 AM

how often do you check BTC price and how to cope with stress associated with this? I am checking it every few hours and it drives me crazy and makes me anxious. Is there anybody in a similar situation and how do you cope with this?

PS: I was trying to do this once a month, but I think, I missed the beginning of the bear market in January this year because of this.

Thanks,
Mike

For me I check it daily so that I can missed the time when Bitcoin pumps up. Remember that Bitcoin is very volatile so if you can make it at least every 3 hours of monitoring much better, to avoid profit loss. But if in case you missed it don't panic just let it in your wallet cause I assure it will bounce back again.

Fatunad

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Quote from: rose9696 on April 21, 2018, 03:45:42 AM

Quote from: mikelexus on April 17, 2018, 10:53:54 AM

how often do you check BTC price and how to cope with stress associated with this? I am checking it every few hours and it drives me crazy and makes me anxious. Is there anybody in a similar situation and how do you cope with this?

PS: I was trying to do this once a month, but I think, I missed the beginning of the bear market in January this year because of this.

Thanks,
Mike

I will often calm down when checking the market. I never worry because I am very confident in bitcoin when I have invested in it. This helps me a lot and it gives me a good spirit to seek out new investments.
The spirit is very important in the trade. So learn how to adjust your mind before doing this task. Wink

Adjustments should really be done nor you should really be prepared on the things you would able to find out or seen. Prices is way too volatile on any case which when you do have an investment you will surely got stressed if you do check it every now and then.Same goes on my side where i do check out things actively not only to bitcoin but also into other investments which will give anxiety when bear markets hits you.

Harper6

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Quote from: renes on April 20, 2018, 08:12:58 AM

I check coinmarketcap five or six times a day, I feel bad when prices go down though I am still not in loss, I cope with that easily because I see the potential

Well this is not good I think because price use to increase and decrease and if you will see the price down it can make you stressful and maybe you will lose your hope, if you want to keep your eyes on the market then it will be easy to for you to get profit and don’t keep on looking anymore,. If you have trading for long term then don’t worry, keep your eyes on the market but it will be good to check it every week instead of every day, as it can distract you.

Rollkal

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I have invested in BTC and I often check prices, but I try not to worry too much about them, their prices are fluctuating frequently does not fit some people who are weak heart and do not take risks. Be confident in this market.

rose9696

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Quote from: mikelexus on April 17, 2018, 10:53:54 AM

how often do you check BTC price and how to cope with stress associated with this? I am checking it every few hours and it drives me crazy and makes me anxious. Is there anybody in a similar situation and how do you cope with this?

PS: I was trying to do this once a month, but I think, I missed the beginning of the bear market in January this year because of this.

Thanks,
Mike

I will often calm down when checking the market. I never worry because I am very confident in bitcoin when I have invested in it. This helps me a lot and it gives me a good spirit to seek out new investments.
The spirit is very important in the trade. So learn how to adjust your mind before doing this task. Wink

BitcoinCommodor

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Quote from: Yagami nunnery on April 19, 2018, 04:11:46 AM

I don't have the fixed time to check the price of Bitcoin. If I have time, I'll go and look at it. Generally speaking, there will be no obvious changes, so I won't take a short look at its price. If the price drops, I Will not pay attention to it. Grin

If you have invested your money into bitcoin, then you need to keep on holding all your bitcoins for some good period and that you need not to make any hurries in it. I do check the market value of the bitcoin but I do that twice in a week or so. There is no such need of checking the market value after every 5 minutes or so as this will only add up more worries and will do nothing good.

whirlcoin

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To be honest I stopped checking the prices since the price dropped from $20K because whenever seeing the orices it create a scary situation which may drives me to sell my coins in panic.Only check the prices often if you are a trader or just forget that you have bitcoins in your wallet soin it will give you profits in some years.

bitgolden

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Quote from: Abuloool123 on April 18, 2018, 11:52:05 PM

Quote from: Abuloool123 on April 18, 2018, 06:14:56 AM

I'll admit that I still check BTC's price as frequent as when I first got into cryptocurrencies, but I sort of feel "numb" to the volatility. Bitcoin crashes by $5k? Meh. Alright. Time and experience in the blockchain ecosystem made me used to the huge price swings I guess.

People were expecting bitcoin to decrease more but it stopped at 5k dollars. Well, if a new investor has decided to buy bitcoin, it is still very expensive to spend 5k dollars at one time. But for those who bought bitcoin at higher value, especially between 15k to 20 dollars, that was the toughest time because apparently, the loss was a big one. However, smart investors would have bought even more bitcoin.

Vannie12

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Of course checking the price every minute will drive you nuts. Try checking it once daily. You do not have to check it that frequently because if you invested in cryptos, it is efficiently profitable in a long term basis. Try checking it weekly if you can not really resist it. As long as you invested at a cheap price, it can grow. If not and you invested when prices are particularly high, then leave it there for a year or two.
Coping is not possible if you won't restrain yourself being too doubtful. Stress could be lessen if you put your attention to other things that are worth working for.

Nahl

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crypto market were never sleep because it was trade for 24 hours and the market movement almost from every minutes were change so we should not missed the opportunities because if we too rare to see bitcoin price update then we will missed the train however currently i'm not so often checked bitcoin price because the market price were slightly better than last month but i'm watching the chart for every hours

acener

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Quote from: mikelexus on April 17, 2018, 10:53:54 AM

how often do you check BTC price and how to cope with stress associated with this? I am checking it every few hours and it drives me crazy and makes me anxious. Is there anybody in a similar situation and how do you cope with this?

PS: I was trying to do this once a month, but I think, I missed the beginning of the bear market in January this year because of this.

Thanks,
Mike

I often check BTC price since I am planning to sell my holdings this month but it actually stresses me every time I see that the prices are dropping down. Every time I see that the market is in red, I frequently panic than what I used to be. I still believe that frequent checking of BTC prices won't help us but would just make us feel fearful. Have patience and everything would work out well.

renes

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I check coinmarketcap five or six times a day, I feel bad when prices go down though I am still not in loss, I cope with that easily because I see the potential

entrepmind23

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I check it every day because I want to be updated with it and if possible I want to do short term trading so checking the BTC price is vital to my trading. As for the coping with stress, I just read the news and since nowadays almost all the news are positive then I am positive about the future of cryptocurrencies so my stress would be gone. Doing day trading or short term trading is stressful but if I wanted to learn then I should just bear with it so that I would improve. I just look at the positive side of things because I want to be a full time trader in the future.

shoreno

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Quote from: solarion on April 20, 2018, 06:32:51 AM

Quote from: TooDumbForBitcoin on April 20, 2018, 06:14:25 AM

I check all my hodlings once per day or when alrams are calls for my attention

Fortunately there are many apps and services which doing such monitoring easily and reliably

LOL, then you will get the stress and happiness equally bro, When the bitcoin value bumps up in the market we will be able to get the profit at the same time when we see the price goes cheap we should ready to hold the bitcoins for longtime.
Instead of that you can manipulate on various when the bitcoin goes to bigger in the market mate.

checking the market oftenly is indeed verry tiring and stressing because most of the times the value isnt going to move and they oftenly get dumped easily. there is only a small percent chance that a coin can pump high in just a single day. you may also missed the oppurtunity if you didnt scan the market to often.

In my case i do check the price everyday and every time wherever i open my browser because im not a busy person at all and i dont have a job outside , thats why i only foccus my time on this forum and on the chart.

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