Bitcoin Forum

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?

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. :-[

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.     

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

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.

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.

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.

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.

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.

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.

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. :D

I've got a couple paper wallets I haven't even checked in years.. I don't even remember the balances on them. I did at first, but after a while, I just kind of forgot about them. It's a better idea to just put them away somewhere and forget about it. You will drive yourself crazy with the volatility that crypto brings if you check it everyday to see how you're doing.

In 2017 I check my wallet 3 times a day and I'm really happy to do that. Now when the market is in decline, I only check my wallet once a week, sometimes I do not check my wallet for months.
But I'm still here because I believe in the market and in the coins I hold. I try to earn more BTC as much as possible, hopefully by 2020 the school will grow and I will earn some money.

I got over obsessive price checking many years ago.

I enjoy guessing current prices based on the thread titles here.

I enjoy a weekly check of my numerous alts just to see how fucking pathetic they still are and they rarely disappoint.

Last year I still often check my wallet. for now at least 2 times a week I check my wallet, hoping there is a token that has been listing on the market,  just like 3 months ago (I am shocked) there is a token that has just been listing on the market and is worth around 100$ (when the project is a year has passed there is no progress) really feel very lucky.

I also used to obsessively check my wallet balances and their equivalents in fiat currency a few years ago, but I've mostly gotten used to the volatility that occurs with crypto and I only check my wallet(s) maybe once a week now, or if I notice there's some truly significant price movement happening. Crypto's volatile, and that's what you sign yourself up for when you get into it. You'll get used to it eventually.

It's also possible you have too much invested if you're obsessively checking your wallet. Consider how much you're risking, and if that's too much, take some out. If you've got a little less invested and you have less to lose as a result, you're likely going to worry less.

You aren't alone and im 100% sure of  that thing because we are all in the same situation on this very unpredictable market.Some do only held off BTC

and some do have some alts into their bags.So checking up your wallet is an inevitable thing mostly because you wouldn't know if such price increase
moment would be there or not.

Seeing your wallet will only make you more stressed if the situation is not what you want. honestly, I make a wallet when I will make a transaction, and compared to the wallet, I prefer to look at the price chart.

I am not so stressed with the current price decline, however, I only hold popular coins. other than that, I'm pretty sure the price will recover soon. so, stay relaxed, buddy. don't make stress yourself out by hoping your assets will increase in the near future. focusing on your work can make you forget your wallet for a moment.

This is not a very good practice on opening you wallet several times a day especially if you don't have a safe and secure computer or at least a clean one, with your uneasiness you are just opening yourself for your wallet to be compromise more. I would rather see some updates about the prices online or if you really can't handle opening your wallet I would suggest you download an app like blockfolio which can mimic the amount of crypto you have and their current market value, there are also browser-based portfolio management websites if you just want it in your browser. As for what you are experiencing yes you are not alone and I think the best way to deal with this is try to learn and be better on the next trade you will do because really everyone of us here can learn from our mistakes.

I tend to open my wallet atleast once a month (the hardware wallet). I used to open it in order to update the software (Ledger Live) thus if they have new features, I would be able to experience it. I don't check it daily or weekly since I intend to store it in a Ledger wallet for a long term hold meaning thus whatever happens to the market, I'll keep holding and that's shouldn't be changed.

I am stupid if I saying I didn't relented  everytime I view my wallet specially the coins I buy year ago until now there have no good feedback into the coin market cap. Anyway we need to accept and understanding is part investing in crypto, let's keep patiently control our emotions there was time crypto currency back into reality as expensive currency.

Checking like that is just a waste of time if you are just checking your assets worth you can just set a price alarm and move on. Being too paranoid like that will burden your mind with unnecessary thinking and tires yourself of nothing aswell while the truth is that wont change even the slightest price movement or if you are concerned regarding the security 2fa is the way to go. Im myself right noe rarely checking my wallet simply because of the thing I mentioned above.

Its really unresistable sometimes. We need to check or monitor it everyday especially if we are checking how much is the value for the moment. Its just a click away thus making it more accessible and irresistable to check. Sometimes, you just have to resist it just to skip the moment or having that time of unwinding from anything that can hamper your mind.

You don't need to do that all day if you are not a day trader, i often check the price only if i am speculating. I know it's a bit hard to resist watching them over and over again but time will come that you will get tired of doing that because you know it wouldn't do anything to the current price.

Checking your wallet too often will not lead to anything good. But nervousness can be earned easily.
But the point is not in the wallet verification itself, but in the reasons that prompt you to look there again and again.

Most likely, these are unjustified expectations, which we all suffer to one degree or another. But you have to be realistic.
If our expectations were not fulfilled, then we expected too much, that does not correspond to reality, we were mistaken. You need to accept this and move on.

I set up a series of notifications using the tabletrader program, and I sleep peacefully.

about primary wallet ?
well , i never checked since march 2019 , just btc inside :D
and also i never make payout transaction from it, so i guess that's safe perfectly.
on another wallet , of course that exchange wallet i checked it everyday, hodling short term,days trading.

Honestly I won't check the value of my holdings in my primary wallet because I am having this for future usage so whatever the value will be it will stay there but on my other wallet which I have been using for various purpose linked with my native value so I will check one or two times a week.

Only 3 times? Haha. I actually kind of check it all the time, but not because I open it. I just set so that every time I open my browser, the page that loads is a block explorer with my wallet address, not to check the price, but to make sure no transactions are happening that I never asked for;)

I think that's just the same as always patting your pocket to feel your wallet!

the same thing that I experienced when checking the balance of one third of the value ran out, but still calm, many people believe that crypto can grow at the end of the year. my advice do not check the balance value because it is very painful. better relax and never check the balance until the end of the year.

I have the same kind of condition before. Thrice is so little for me. I go for like 10 times a day to check my account just to see check every crypto that I had.
While some of them are in exchange, of course you will need to be careful with that. While waiting I am looking at the price history.
Good thing is, while doing it you can start trading.
You just need courage. This is to get away from boredom which is included when you are a holder of many coins.

Each time I check on people's response, being sincere that the dump makes one depressed is what I love. Many pretend to be very comfortable with the status quo, no matter our specialization be it, as mojor investor or trader. One will get bored when it is going one way. Only for those who are wealthy enough and have many other sources of income will careless about this dump

I don't think it depends on how rich you are. It depends on how confident you are. If you're a true believer then dumpage will annoy you but won't rattle you. That belief may well be horrifically misplaced but that's what gets you through. Time and learning are the main factors in developing it.

From a very long time now, I cannot remember when last that I checked my altcoin wallet because I have already given up on those coins that I have thee because the times that I have checked them, I could not really believe the amount of money that I am seeing all my investment drop to.

It is so much discouraging that I feel like just throwing away the wallet key, but it dawn on me that there was once a time in bitcoin time too when people felt this way and some gave up on bitcoin to the extent of even throwing their coins away, now this day, they are seriously regretting their action now, so I would not want same thing to happen to me in future again. So, I just left them there till the time that I will hear that altcoin bull run have started, but for now, I am only monitoring my bitcoin wallet.

Checking your wallet every now and then can be worrisome and strenuous whsn you can easily monitor the price of your respective token through coinmarket cap or using price notification application like blockfolio to constantly monitor the price of your token without necessarily heaving to check your wallet at all times. Crypto market has not been so rosy this year many are disappointed with the outcome and failed predictions and price speculations but in all just hold on to your tokens their price will rise again

This year I only check my wallet about 2 to 3 times only, it's frustrating to check especially when it's about half or more than half left in what 2017 looks to what it is now. But in the end it's still our choice what to do, check the projects if still updated and still have chance to increase or stop holding it thru trading if the team is not longer handling it properly.

that is correct , you will tempted to take a big risk looking for quick profit elsewhere.

what i mean is that there is no harm indeed to keep looking at your portofolio continuously hoping for something big happened spontaneously but if you rethink about that , are you sure aware about the basic investment and or trading itself that at some point there is a stagnation moment where your funds will going nowhere but sitting there at the same value for long period.
if you do aware about this , you will ignore to checking your portofolio relentlessly and simply putting an alarm on certain price.

i do setting an alarm on coinmarcetcap in case coin A dropped xx% or coin B move up xx% , you will feel better doing this.

Yes you are right and I fee you everytime I checked my digital wallet I'm always disappointed to the coin that I invested. Sometimes I want to accept the fact that I am wrong to trust and invest on that coin and there is also a time that I want to encash it and accept the loss but I give more patience and hoping for another price increase even a break even I will accept it.

Maybe that is why some people at here said that they are not much see their wallet. Because maybe a lot of bad affect can come more than good affect in bear trend like this when we see our wallet. And more than sad, worse thing you might be want to sell your assets and take the loss because can't wait longer.

This is correct, that is the reason I try not to look at it every five minutes. It will lead to you wanting to cut losses and panic sell whatever token or coin you're holding. It's not a good idea to do that. Just hold onto it for a little while longer and you'll more than likely be in profit again. Checking it too often not only stresses you out, but ends up costing you money.

Same situation where i do already get tired on checking out my wallet everytime yet ive known that ive been holding btc
majority of my port yet i already converted out my alts to btc for 80% and had some 20% left on alts on my wallet.
Since the market is on sideways and doesnt have some significant rise up then thats the main reason that checking every
now and then isnt really that necessary.

I only check my wallet once or twice a week using blockchain explorer to see if my coins are safe but I am updated on the news, development, partnership and price movement of the coin I hold. The market is still in a bad condition so there is no point on checking my wallet everyday but I'm very positive that the day will come when market become bullish again.

Well most good trading strategies will involve exit prices, you shouldn't be holding onto your coins if they're dropping below your target price. Use stop-loss orders to ensure that if the price goes below a certain threshold you can exit your position and convert it to cash or a stablecoin until you're happy with the state of the market again. Selling at a 10% loss then buying back in when you think its near the bottom is better than holding through a 50% loss.

People find ways to keep themselves off the trading habit by indulging in other work too. Not everyone is a full-time crypto trader here. They also trade stocks, shares, commodities, metals and so on. Many of us are into other alternatives income methods and even other have a day job to look after. Taking a short break from trading is productive and that is the reason why a weekend exists after a week. ;)

People who are wealthy enough will not be taking risk with their wealth unless they have some insurance over a loss. For bitcoin that does not exist. So they are more likely to not invest. As for whales of bitcoin, they pump and dump and then go silent. They are least bothered about the current price. They will take into advantage any price that exists.

many people also do the same thing. I can even reach 1 week without opening a wallet. why should I do this? because it is useless to see the condition of the wallet but the price does not increase, this will only make disappointment.

Each of us are hoping and expect some tremendous pump on the different coins that we hold but unfortunately during the time we check it doesn't pump and in the worst case it's value getting low. Well, being part here is just to try our risk but somehow we just try it and nobody knows what will be come on the next days that might have a tremendous increase having a possible huge amount of profit someday.

Now I think about it I haven't checked my main bitcoin wallet for about two years. Not even sure how much is in there. I'd better see if it's still there.

There are also a couple of alts I haven't bothered looking at for well over two years. A few could well be officially dead. Can't be bothered to check those.

it's hard to totals the assets that we have if we hold more than 5 or 10 assets in one trade. We should have a portofolio controlled application like the famous one blockfolio that we can download from playstore which can help us to manage our trades and portofolio in structure.

When it comes to the markets most of the time I cannot be a single day without checking the price of the coins in which I'm interested, but when it comes my wallet I only check it once a week, this has nothing to do with my confidence in my investments it has to do with the fact that I do not trust in hackers and I want to see that my holdings are safe, fortunately for me this has been the case for many years so it is almost a waste of time but I'm willing to waste it just to make sure that my coins are still there.

I only checked the price of cryptos via blackfolio maybe thrice daily I never bothered to check my wallet as you rightly said its doesn't add anything if the price of that particular coin dumps definitely I would be sad and disappointed then but now I am unperturbed because I am very sure the price would recover whenever it dump.

for what often sees a wallet, I think only traders are entitled to do that because they work every day and the profits that go in and out of their wallets are always every day. so you can use your time for more important things than checking your wallet more often

Feeling of being disappointed is just a normal stuff for those people who have been holding some coins and btc into their own wallet.Due to current market condition,it cant really be avoided
for you to be stressed out to see a tanking or moving sideways of your holdings.

The feeling of got worried that the market might go even more lower is always there thats why its a stressful thing even if you do just hold and waiting and hoping for the market to become bullish.

When it comes to checking to my wallet.Im not doing it on daily basis yet i do check it only when i saw theres a big movement on the entire market.

I'm on this same table, I hardly check my wallet these days because of the price that has been down. But since we got into this December I have been checking it out regularly, like once every two or three days and there are times I will check it more than that. The money I have in my wallet is not something I should be worried about, I'm very much ready to take the risk this time around. I don't know if the price will go up or not, I no longer have time for all these billionaires or whatever they call themselves that are always saying things that are not true. If the price goes up I'm good, and if it doesn't I'm still good.

That must be a fact. When I kept checking my wallet, it pushed me to be aggressive toward hunting more money in short time period which eventually leading to make myself as an addicted gambler. Yes, when being aggressive, you may choose whatever opportunities in front of you rather than being selective on options.

It makes sense to check your wallet from time to time, even if you do not see the benefit of it there is still some to have, the most important is that you will know that your coins are safe which is not a small thing in my opinion because you never know what kind of trick a scammer or a hacker could try to pull on you and just watching how the price has moved in a particular coin is not going to give you the most important information which is if you still have your coins.

U always keep checking it and it never makes me sad, even during a dump. Guess why. :P

Because most of my investment was pre 2017 bubble which means that even if we are dumping below 5k I'm still ahead in fiat value and if you are not - fuck fiat value. 1 bitcoin equals 1 bitcoin! :D Don't follow my ideas, but I can tell you that it's important to get over it and be calm whatever happens. If you allow your wallet to dictate your mood for the day you'll fall into depression.

Checking wallet? In fact, I have never checked a wallet like you, who seems to have to check it once a day at least, I don't think it's too important to do as long as we are sure our funds are safe in the wallet. Afterall, why do we have to check the wallet that often, are you checking it for fear of your wallet being hacked or are you checking in hopes that your funds will increase with a surprise because you might receive a gift or whatever, or maybe you are checking because maybe the coin exchange rate has increased ? Because I think if only to check the exchange rate do not have to check the wallet.

The dump for this year was always happen and all we do is predicting on when be increasing the price again.

Not only thrice to checked my wallet a day maybe 4 times to make sure my wallet are always safe and my coins are in there always. Actually is my habit to checked always my wallet everyday. And Ill checked also the prices of the coins that I have in my wallet if they are also increasing the price, If they have some move to increase.

Your mindset is important, and you are thinking well mate because you can control your emotion. I also don’t care about the current situation of my wallet, because my goal is yet to come and I have to focus more on buying. If you do check your wallet always and feel bad about it, then you must control it and you must learn how to ignore the emotion and refocus yourself on what matters the most.

Before bitcoin and altcoin price dump you have ready to sell on higher price, many people keep waiting and holding their assets although have raise with higher price, then very disappointed when bitcoin and altcoin have lower price, before making the same mistake always get chance by selling your bitcoin with higher price and re investing after bitcoin have lower price.

Yes, I did that but not because bitcoin in red zone because see changed portfolio many times can disturb me to decide what's my next step?. That's normal because everyone need profit and show off to another person that crypto is legit. Stay focus get income even not using crypto just keep trying.

This is also a good method to hold in long term. True holders often do this and they never want to trade, they have strong faith in the growth of certain coins. Usually 3 times a week is too much, we should only see our wallet 1 time per week. And another way for us to hold better is to determine our stop loss and the levels we can sell for profit. Determining goals will help us not to be confused.

Being anxious about you account wallet can bring stress to your life. It can also affect your health, lifestyle and way of living. Try to record all your transactions for you to be able to monitor your activities to your account. If you're being anxious, try to stay calm and be comfortable on the security of your account.

Practice entertaining yourself and avoid always checking your account. I know that it is normal to check your account but if there's nothing wrong, don't panic stay calm. Make sure that you talk to your friends who experience the same problem as you and seek help to your friends.

Wayback in the middle of 2017 prior to bull run thing the first thing I usually do after woke up in the morning is to check first my portfolio then I also check it in my workplace all throughout the day since my work before is mostly in front of computer and I can freely access my crypto wallets but when bear comes I almost sold all my crypto to cut future loses I just left some very promising tokens that I really trusted up to now and for now I barely checked my wallets like 2-3 times a month only. 

So, what are you doing right now, I'm also doing it. I also often check my wallet. more precisely my portfolio estimation on the exchange. a falling market is tiring. and hope someday when looking at wallet, all estimates increase. but on the other hand, I also trade to amuse myself, because if I only look at the wallet, it won't change anything at this time. so I decided to trade by selling some of my coins.

Checking from time to time or multiple times would be dependent on how you are in your trading strategy. Imagine having a swing trading technique, and you are checking it by the minute. You certainly won't benefit from the checking of your balance, but you will get stressed when it's not going your way. That's just the reality that you will face. If you are a day trader, you are going to benefit from those daily routines, and that will suit your needs. You may be worried about your investment and to get an ease of mind, you should practice proper risk management, always.

I experienced this a couple of times when I was entirely new in trading. I was worried about what I have gotten myself into, and I was always thinking about the present time and not in the long run. That's what made me so stressed and sad because it's not going my way. I learned how to trade with all the risk management properly and stick to one technique. Hopefully, this would lead me to a more significant path to being successful.

if it's passive without trying to add additional assets, then you only need to set a price alarm on your smartphone.

Daily traders also don't often check their wallets because they are busy constantly rotating trading orders, if the price difference is less than $ 1000 there won't be much difference, it needs more productive things to prevent overly acute curiosity.

Well again this mostly applies to newbie traders who don't have enough experiences yet and get too excited with the movement in value of the coins in their wallets. The more you're in trading, the less you'll be interested in checking the value of your asset all the time. That's because you'll be more aware of it simply by checking current events and being updated with what's happening.

Not only newbie traders but also those professionals who are anxious about there wallet. Nothing is invulnerable in terms of anxiety on your accounts. Be productive and try to circulate those trading transactions for you to work and prevent doing nothing.

Because doing nothing can lead you to over think so much that can suddenly damage your mental health. Do not always check if there's no changes to your accounts. Do not think about what isn't happening in the present. Concentrate on trading for you to exercise your mind as well as earning money.

Yes I sell them already if the price of those bitcoin and altcoins that I have is increasing to high than to hold it for so long it will be going dump if that happen. They will be disappointing if the price have go drop and then also regretting on why did not sell it on the time the high price situation.  Buying lower price and selling into high price that was always doing some of us in here.

I could say I'm one of these. But I realize that it won't make sense to check my wallet every day, it only adds disappointment to our ends when there is no improvement to our investment to see. I know it was important to regularly to check the status of our investment but I think it wasn't necessary to check it all the time if knew that there are no changes on it. What I am worried about here is to be caught FOMO that leads into out of control.

If for you it is not worth to check your wallet from time to time that is fine, but people like myself do it not because I expect that somehow my holdings are going to increase I do it just to make sure that my coins are still there, maybe I'm too paranoid but there have been several cases in the forum about people that believed they had a huge stash of coins, and when those coins began to go up in value they thought they will become rich only to discover that those coins have been stolen weeks ago.

Actually i do have that kind of behavior where i dont usually try to check about my profits or increase with my coins in stash but rather im just checking it out if those coins are still intact or not.
It isnt necessary though to open your wallet everytime yet you can check out the certain address.

Some are too keen on their wallet neither into these two possible reasons.It isnt bad though but its a stressful thing if you do actively check every now and then.

As long as you have the address in which you have your coins then you can use one of the many blockchain explorers that are on the Internet, that way to do not have to access your wallet to see if your money still there, personally I do not do this every day because I think that is a waste of time but I still do it once a week because I think it is important to take the security of my coins seriously and if that means taking a few minutes out of my life once a week I'm willing to do it.

I feel you bro, I used to check my wallet every hour and now, I don't even see twice a week. It's a sad feeling to see and remember those days. I strictly check the rates of coin which I wish to trade, no wallet balance.  :(

Once in a week is considerable but there were fellas who are too paranoid when it comes to coin security where they do check out everynow and then.
I might able to understand if you are short trader or daytrader but if you are just simply a hodler? Then its not really that necessary same as i said earlier.
Funny to think that even this simple acts is considered addictive on some.

I don't want to check my wallet in these days because i don't want to see my money faded away :D, it makes me worried. However i often check coinmarketcap twice a day to update the price and waiting for selling time.

Have been two weeks I am not viewing my bitcoin account balance because I think is waste my time with bitcoin and altcoin still with lower price, I keep close all my wallet because I think price is keep lower and waiting when bitcoin and altcoin up again for opening my wallet, I keep hold and patient waiting for when crypto have higher price and increase my assets again.

I also do not check balances directly, only occasionally see the price of bitcoin through the application. But bitcoin today is much better than yesterday and back in the $ 7k area, I will return to active trading if bitcoin returns strong in the $ 9k area

I am a little different from you because I have converted half of it into pax when it was still at $ 10k, the possibility of falling prices will still occur until the Christmas celebration ends.

What's the use of looking at your wallet when you know what you are trading and how much gains you are having in your trades.
Looking at your wallet won't increase your profits but will surely make you worry from time to time.
Be patient and just go with the flow and carry on with your trades as long as you are gaining profits from it.

I just want to emphasize this one since a lot of traders this day has this habit of monitoring their portfolio from time to time making them confuse on the situation they get into since the market is very volatile. Instead of monitoring your portfolio, I advice to do market analysis (TA) from an hour interval so you'll have the vision on what can possibly happen next.

Some people takes trading very seriously which in fact it should not be treated that way. I must agree on you with go with the flow and tides of the market.

This happens when you have a big portfolio, maybe some of which were bought by fake pumps making the person greedy to buy them. These types of people do exist and it is the reason why ICOs which turned useless have been existing and still continue to raise money in the name of another ICO/IEO or something.

It only increases the mental trauma. If the person is confident of their coins to go up then there is no need to check them everyday but only when ordering a trade of buy/sell. You need to have nerves of steel to remain alive in this market which is way more risky than stocks or commodities. But I am sure this type of practice is not going to help anyone.

I can somehow relate to this kind of situation where it do really increase mental stress or trauma yet you do know that you've been holding something that might possibly pump anytime.
You would really have that in mind that you shouldnt missed that time thats why you would always think for you to check from time to time because of that reason.
for having smaller portfolios then this kind of behavior is less.

Looking at the wallets definitely do not increase the amount of anyone portfolio but it is the habit of people to see that what changes occurred in the time interval because of the changes of the prices of the coins they hold especially those people who have different coins in an exchange as there they find the estimate value in USD of all of their coins. This habit give satisfaction to the holders a little bit when they see a little increase in their portfolio.

Yeah, i used to check my wallet lots of times a day and when downtrend happen its make me so annoy. I was sad for a long time and currently i have accepted the fact that i had lost. In these day, i'm looking to buy 1-3 potential altcoins with the rest of my balance and keep those in my wallet without checking everyday. I feel happier when do this and hope it will pay off in next uptrend.

Experienced and have a lot of discomfort when constantly checking our wallets in times of market crisis but I am forced to continue facing this crisis directly, instead of not continuing to watch because winning and losing on trading is something we need to feel, face, accept and then stand up, maybe we will be sad today but smile in the future. As long as we can go through this intense wave like you are doing, we will have many opportunities to recover the losses.

The same way what happen whit me after holding many assets in my wallet and exchange account, last two year maybe when I check with my assets have higher amount but when looking my assets today look frustrated and have lower price, its risk whit investing on bitcoin and altcoin then become usually when you have been in bitcoin and altcoin trading later.

Before I always check my wallet because to view my activities to make sure no intruder is trying to steal my information and my money this is a suitable method too for securing my balance. When the price of the bitcoin goes down, I did not check my cryptocurrency wallet recent recently because I know how to read the graph and also see the price chart. Now the price of the bitcoin goes up, and this is the time always to check my money because to monitor when do I need to pull out my money.

I'm not checking my wallet, i just opened my wallet when i want to make transaction with my wallet. Because i've always listed everything in my wallet on blockfolio and it could cover it all. So i don't need to check my wallet everytime instead of just opening of my blockfolio apps and it will summarize all of our assets

not for me i only check value of my holdings . If they increase or not i only check my wallet if theres a new balance i am waiting to recieve . But honestly for  the wallet no unless there something i need to like cashout to fiat top up and many other reasons.

I had not checked my wallet in months but I did it today and I found myself with the surprise that bitcoin is going up in price at an amazing speed, this was a pleasant surprise, I really believed 2020 would be like 2018 and this was very discouraging for me because 2018 was such a difficult year for me but this growth may seem to indicate that I have been wrong and this year could be like 2017 and we could see an amazing bull run especially after the halving.

I chekced them usually once a day because in my principle it's a good practice the be hands on to your investment regardless if your target price is too far to get reached already. Another reason why I can't leave my account unvisited for a long period of time is that I get tempted to check if it's still there of course it's a huge money for me and you can't take away that worry from me. Besides, it's not that difficult to check it as you may use portfolio platforms such as Blackfolio which is very easy to open via smartphone.

You are taking the question in a literal way when people ask you if you are checking your wallet they are saying if you are checking your holdings, and unfortunately as I became a trader I cannot avoid checking my holdings almost obsessively, I know it does not make a lot of sense but since I became a trader I cannot stop looking at it after I see a small movement of the price and during the next days I will try to only look at my holdings once a day so I can get rid of that habit.