how often do you check BTC price and how to cope with stress? - page 21.

wudackprod

full member

Activity: 1316

Merit: 121

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 check my wallet (etherscan) and to a coinmarketcap 10 times a day. I don't see anything wrong with this, because I should analyze which do with market. It is better to devote more time to work and your portfolio will grow, and you will be less nervous

gorandigitalnomad

newbie

Activity: 43

Merit: 0

I checking several times a day through the mobile app.
I has many altcoins and so I find it interesting track some personal stats.

yesss

member

Activity: 168

Merit: 10

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

With the current situation of the market, we need to always check and monitor the price of bitcoin when trading, it can be seen that at present, bitcoin prices are fluctuating complicated and are returning to the down cycle. I think that at this point you should not continue trading and transfer all assets to USDT to preserve the property.

parthgajjar

member

Activity: 273

Merit: 10

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 suspect that at this time the price of bitcoin is very sensitive, currently there are signs of continuing a deep decline after recovering to $ 8000 level. I believe that at the moment when the market is knitting in crisis, after every transaction you should move all the USDT to protect your capital and not worry about loss in the market storm.

Xardasim

sr. member

Activity: 1624

Merit: 250

I can offer you a very good way to get out of it. Think of it as if you just have no coins in your wallet. I mean, you don't change anything with the thought of it and looking at the price. Other than that, you can set an alarm at the price you are waiting for. Sooner or later, the alarm will ring when the coin is equal to that price.

crisanto01

sr. member

Activity: 644

Merit: 253

It is normal that every morning we regularly check the price of bitcoin as it becomes our habit, but I make sure that I am not affected no matter what, during my first 6 months I am stress all the time I am seeing the price going down but eventually cope up with it thinking always that it is fine and will still rise up.

hugeblack

legendary

Activity: 2702

Merit: 4002

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

1. I use sites to compare the price of bitcoin in exchange platforms and then calculate the average value of the price.
2. open Google search to find the average "using this word [Bitcoin price USD]".
3. calculate the difference between them and exclude the abnormal values(Often Asian platforms).
4. The resulting value is what makes me plan to sell or buy.

how to cope with stress:

I invest an amount that will not affect me very much if I lose so I do not take the risk nor sell until I get the planned price (Life is full of pitfalls).

akbitcoin

newbie

Activity: 13

Merit: 0

Normaly I only check it once a day. I use limits for buying and selling coins. I don't worry when I sold and price increase next day and I don't feel stressed.
Maybe main reason is I startet at the right time when price was 1000 $ for 1 BTC.

omonuyak

sr. member

Activity: 882

Merit: 269

I do refresh https://coinmarketcap.com three to four time daily to know the position of thinks. those that buy bitcoin at the right time always have their stress reduce as their will always be in profits. However in you buy at the wrong time there is no way you will be out of stress.

firemagus

jr. member

Activity: 32

Merit: 1

I check my portfolio several times a day... Grin

But no, I don't feel stressed when the value goes down (ok just a little!). I have already pulled out my seed capital and now just playing with free money..

boyshx

sr. member

Activity: 574

Merit: 251

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

Thats really bad way to go around this one. I mean checking the prices every other minute is meaningless. You are not even giving the air to breath to the market so that it can recover itself or make some progress in its volume. These things take time you know mate and you have to be cautious about it. I do check prices daily but mostly in the morning when I am having my breakfast and tea just to check that how the market is performing. I will not be surprised any day if it had moved down little. If someday I see too much dips then I will research on the forum first and then will react for my buy-sell orders. But getting anxious after looking the prices is worst thing.

mikelexus

newbie

Activity: 15

Merit: 3

Quote from: khufuking on April 17, 2018, 01:22:42 PM

I stopped care about BTC since the huge dip in market . All I am doing now it trying to increase my BTC holding and getting ready foe when the market recover , I do not care a lot when this will happen but I know at some point I will start to worry I Know this point is not know and I hope it will not come before the recovery of the market . I will pray for that Grin

I think this is a right approach. I was also thinking of waiting for a bull market and only then come back. It is like in poker if you have a weak hand, you fold, if you have strong hand you play.

How are you trying to increase your BTC holdings?

khufuking

sr. member

Activity: 840

Merit: 266

I stopped care about BTC since the huge dip in market . All I am doing now it trying to increase my BTC holding and getting ready foe when the market recover , I do not care a lot when this will happen but I know at some point I will start to worry I Know this point is not know and I hope it will not come before the recovery of the market . I will pray for that Grin

Madeon

newbie

Activity: 48

Merit: 0

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.

az6.2

newbie

Activity: 518

Merit: 0

BTC and ETH course added to the widget on the smartphone-I can see them all day.
As for stress, life in Russia is one continuous stress!

hodlftw

full member

Activity: 326

Merit: 104

Santa Coin

I check either once a day in the morning or at night. When I was on vacation last week I checked 0 times in a whole week. Was quite proud of myself for that and honestly it boils down to your stress and pressure level. I don't feel stressed or pressured therefore I check it when I please. If I was very nervous (as I was when starting out last year) I checked several times a day, if not at least 10. Once you get some experience and once you get some profit behind you the stress should ease up. Until then I would keep myself as busy as possible, and if you can delete whatever tracking apps you have on your phone. That way if you want to check you have to physically walk to a computer.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

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.

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

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?

if you are anything like (the old) me then what you are doing means that you don't know what you are doing that is why you keep checking the price!
otherwise if you know what you are doing, if you can speculate the market and make an educated decision and make logical moves based on that decision then you don't need to keep checking the price.

for example if you analyzed the market and decided it is a good time to buy with the least risk and placed an order you won't have to endure stress.
and with experience you should know what to do when that small chance of failure happened and you started losing money.

RoftheN

full member

Activity: 546

Merit: 100

If it stresses you out means that you have invested way more money than you should have. You have broken the one rule that everyone keep on saying. Try to not check the price more than three times in a day and set alerts if you feel that you will miss out on the price swings. Also if you believe in the project than the price shouldn't matter that much to you.

Wipro

hero member

Activity: 924

Merit: 512

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 have more than 2.5 USD in my wallet but I do not see the bitcoin value in the any price index websites because if there is price dump with the huge blow. I make mind upset for the complete day or couple of days.
If you can to the bitcointalk and invested that time means you may find the heavy loss by seeing at the present time but if you invest the money today before we see the big bump in the market. That time you make the double amount comparing in USD.

Topic: how often do you check BTC price and how to cope with stress? - page 21. (Read 2773 times)