Bitcoin Forum

This is very emotional period for crypto investors and lots of people are beginning to panic. If I should suggest it's time to buy more then delete the wallet from your close monitoring while you carefully secure your private key. The bull will definitely take the upper hand again but to when this change will effect no one can tell except for mere speculation. So why not save yourself the heartbreak and delete the wallet while you hold for a long term

I don't think that there's a need to delete your wallet but if that works for you to avoid stress during this correction then do it.

But it's simple and the same by not looking at your wallets. I know it's hard to avoid doing it because you're keeping close monitoring for the gains and losses that you're making today.

Just use this moment as inspiration that you're going to thrive and in the future, this investment that you're avoiding to look at will definitely going to be fruitful.

I like this idea very much and I am doing something like that myself :)
However, if someone has already experienced a few such breakdowns in the market, then at that moment do not panic. For new users, this solution is definitely one of the best. As the history of the Bitcoin price shows, after large drops we have a period of calm and then a return for new ATH. This time it will be the same.

I don't think deleting your wallet is a good idea. For someone like me, I need my wallets around so I can dip into them, pick up some stablecoins and buy up some much needed coins or tokens. You never know when you'll need it. Hang in there, mate

Turning off price alerts or just deleting price monitoring apps could be enough.

Find another hobby to spend your extra time and help you forget about crypto for a while but I doubt that's going to happen hehe. You'll be hooked once you get your hand into crypto and that could have a positive or negative effect on you.

If you read the OP statement again, you'll understand that it was not literally about deleting a wallet, but about delete instruments for viewing the wallet. The point is not to watch what is happening with the price all the time, but to forget about it for a while and come back when the situation on the cryptocurrency market calms down.

You meant about going away from always watching your wallet and wait for the next years and maybe your asset will become hundreds thousands of USD or even millions USD. So many newbies are feeling scared caused by this dump and this is also triggering so many people to make various TA that doesn't even come true. I guess that's wrong if you're calling to delete the wallet.

Yeah but again people will have different opinion with your title. It's better to say that anyone should not stay in front of their monitor just to watch the market to be recovered again. You should reprhrase your sentences. It may make others mislead with the context in your thread.

Agree that the topic is a bit misleading. At first, I thought the OP was so desperate, broken by price drops, that he wanted to delete the wallet and forget about cryptocurrencies forever. :)

I agree that new increases will come sooner or later, so don't panic and check the price every few minutes. It would be wise to wait a few days or even weeks for the weak hends to sell everything and the bulls to start riding up again.

I have been doing this and im feel good right now although that i have been loosing a lot of money but that's not a problem and i do believe if the crypto market will recover anytime soon. Im not even touching my portofolio apps right now caused by i know that if that will not good for my mental after seeing my position was going down a lot even i have been taking so many profit from the market at the early of december but im still having some altcoins in my wallet too.
Anyone should do this especially for those newbies coz this will save them all from being depressed after seeing the market that is not even recovering again. Im still good with it and i can stay away from my portfolios until the next halving will come soon. .

You say a very easy way to stay tension free. But it is a very difficult task to delete the wallet and forget about it for a long time. Because again and again you will feel as if I saw once the price of coin increased or decreased. I don't think most people can do that.

I feel that if this is the best way for anyone to secure their mental. So many people are feeling depressed and stressed after their are seeing their bags worth nothing right now. I know that this is a good suggestion for people who have problem with their mental but this doesn't mean if running away from the reality didn't look good at all. That can also be used as a way to practice more. Dump and pump in the crypto are just common thing and this is how people are practicing their mental. The fact that bearish market can't be avoided and what you can try to do to accumulate more tokens from the market rather than try to leave from the reality. market can recover again anytime and you should not feel worry about that. Deleting or stay away from your wallet can be a disaster because you must gradually check your wallet.

hahahah lot of emotion happen  ;D but i will completely aggree even tho profesionall trader will felt the hurt  ;D ;D but actually there is lot people that buy and forget

so before delete your wallet make sure that ur backup the private key  ;D ;D

In bearish coinditions sometimes there are altcoins got pumped, I think by delete or forgetting the wallet you will be possible lose the opportunity, unless the coins you hold are coins that are quite stable such as ETH BNB just save it and wait for the next bull trend better than having to see your porto often.
But compared to continuing stress with current conditions it is better to see another opportunity by buying some coins that have the potential to up in the long term.

Just stop looking at your wallet and everything will be okay. I am sure that there are some people who can be easily depressed seeing his/her crypto portfolio going down in value in such a short period of time and since there is nothing we can do with that then we should just shrug things off. I have been with cryptocurrency for years and though it has not yet made me rich because of very big stupid mistakes, I am still inclined to believe that in due time the whole market can be making a comeback. We have seen this same thing before and surely this is not the first and not even the last.

Why delete the wallet anyway? We are in the altcoins season period of time now, but it doesn't mean this is the time to panic, of course not!
instead of panic, we should buy if you have money now then hold. Almost at this point of time its too difficult to make some activity about in trading here in the cryptocurrency. But that's the only thing we can do for now.

If you're a type of investor who can be easily tempted and cant handle your emotions and if it can help you to refrain from checking your wallet and the market for the value of your coins, then why not?

As long as you secure your private keys to access it in time then im not seeing any issue about this.

It depends on how we deal with this bearish market but if you can handle the situation without deleting your wallet then its much better.

well, I understand this trope. but if someone actually deletes their wallet, it's too risky, especially if there are still many people who don't keep their private keys.
however, I agree with that. for now, instead of panicking, you should look for other things that might make you forget about your assets for a moment. it could be when you return, the price has recovered or even higher. however, at this time no doubt many people were panicking. however, I prefer to be patient and look for other activities rather than keep thinking about it.

There can only be highs if there are also lows before you know it's just that simple. It is also true that there need to be people that are making a loss in order to enable others to make a profit. During a negative market like this there is not only a time of regret, sadness and anger but also a time of opportunity. At the moment you can buy big and established projects like Bitcoin, Ethereum, Solana, Polkadot and so on for at least a 30% discount in comparison to the price a few days or weeks ago. The only thing is that we can not be sure, if we don't see another hefty and fast decrease in the overall market prices. You just have to take that risk.

Just set your mind fixed, deleting isn't a solution and if someone wants to delete they can delete just by creating the wallet again with the private key they have. Accept that if your portfolio is in red because you can't see its in green forever, if it becomes like that then it will be boring and non profitable investment.

There is no need to delete your wallet if that is because of the crypto trend because if you have control and not always monitoring the market, you can have your wallet on your devices. If you want to buy many coins, you can send them to your wallet so there is no need to delete your wallet. Besides that, if you still have your wallet, if the market rise suddenly, you can sell it right away and enjoy your profit so you do not need to wait until the wallet is installed again.

this period can also destroy greedy people and investors, panic will continue to be hit if we invest on the basis of greed regardless of what should be avoided, so many purchases only apply to top coins that have stable movements in normal market conditions, it's better to save yourself from greed and avoiding the huge risks that arise as a result of buying, nowadays there is nothing more comfortable than waiting for recovery, than buying bitcoins in my opinion.