Bitcoin Forum

I'm used to the habit of not checking my wallet for days especially when am not expecting any coin or token from anywhere even though I have some token on the wallet. Recently I just check the wallet after been abandon for days and I observed this with this token.

https://i.ibb.co/fqPPnzy/Screenshot-20230528-071320-2.jpg

This token has done 3883217% in some days without me observing at all. Even though this was a rug pull but let assume it real that is how I'm going to miss out the great opportunity.


CONCLUSION
It's a good deal for one to check his/her wallet at least once in a day. This will help you to control the funds in your wallet. Old token may do good within minute, one can take such advantage to make good cash out of such forgotten token.

If you are a crypto trader, you can check your wallet every day because you need to observe price movement and make decisions. But it is needless for a long-term holder to check his wallet every day because it is irrelevant. Long-term holders already have plans on how to handle their investments so there is no need to check the wallet often. Also checking your wallet every day can cause FUD which might make you sell your holding prematurely. Checking your bitcoin wallet every day can expose you to hacks or scams especially if you are not using a well-secured wallet. The more you expose your wallet to the internet, the greater the chances of experiencing problems. Most holders keep their investments in air-gapped wallets and leave them for a long time.

It is really risky. Your wallet can receive honeypot scam tokens.

You can verify those tokens with these websites and don't interact with their smart contracts if you are unsure.
8 ways to check if it's a token scam (https://dappradar.com/blog/8-ways-to-check-if-its-a-token-scam)
https://honeypot.is/
https://detecthoneypot.com/
https://github.com/dappradar/tokens-blacklist

This is shitcoin, you should consider to check where this coin can be traded, not only about the price. Based on coinmarketcap [1], this coin traded on Pancakeswap, Gate.io and Bitrue. Both of Gate.io [2] and Bitrue [3] have been known as scam exchanges, moreover Bitrue was got hacked few months ago [4]. This mean you only have one choice, you need to trade in Pancakeswap, but the problem is AXL/WBNB pair volume is small. Do you think someone willing to buy the coin that the price suddenly reach more than 100000%?

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[1] https://coinmarketcap.com/currencies/axl-inu/markets/
[2] https://bitcointalk.org/index.php?topic=5412850.0
[3] https://bitcointalk.org/index.php?topic=5329248.0
[4] https://bitcointalk.org/index.php?topic=5448821.0

If you invest in altcoins and are unsure about their future and roadmap, you should check your wallet on a frequent basis to avoid losing all of your money.

Bitcoin investors always have peace of mind because they are very confidence in Bitcoin because of its transparency; also, Bitcoin is the leader of cryptocurrency, and Bitcoin price movements affect the price of the entire market. As a result, if you invest in Bitcoin, you won't have to worry about regularly checking your wallet.

This is not a wise advice, because it is impossible to browse the wallet every minute, and it is difficult for the time of your browsing the wallet to coincide with the time of the currency’s rise, given that the rise of such currencies is fast and does not last for more than a quarter of an hour, even if you activate the notification and you are lucky to be connected when that currency rises It may take some time before you can sell it.

Such tokens are not suitable for long-term storage, and therefore withdrawing them to the wallet is not a smart idea. Trade them with a trading bot so that it sells as soon as the currency reaches a certain price, and then you will not need to check the wallet continuously.

The only problem is that such bots work in central exchanges and the exchange may be hacked, but the chance of hacking is less than the chance that you will be able to deposit it in a timely manner.

Sometimes you receive random coins you forgot from airdrops years or months ago. or they just randomly give it to confuse you because there are lots of scams nowadays that are even baiting people and luring them with a few coins in your wallet so that will get curious about it. Once they successfully lead you to their site, that's when the real game begins they are working hard to capture your attention and guide you to invest in their pump and coins and eventually the worst-case scenario is they are giving some rewards to others via referral program as well and it would be a nightmare if you are the one recruit the other victims to invest. so the best thing to do is to completely ignore it once you receive such random coins in your wallet if there is no decent price in it.

The spike 3883217%

However, most of the time because of a shit (exchange) there is no so much liquidity on that coin (like shitcoin). Then, with just a few hundred bucks $ can easily change the % coin with really fast.

Nothing new for this one, just a shitcoin without liquidity. that's all.

I agree, usually those shitcoins that pumped that much don't have liquidity at all. And that means that you can't even sell and take that moment of selling it.
As much as you wanna sell, no taker is there as it's risky for the observers and traders that have noticed that pump. In other scenario that you're holding good tokens or altcoins, you have to take time at least when you've got spare time to check on how it is going. That's a norm even if you're just a long time holder just for you to check on what's happening and how much you've gained/loss on it.

In general, everyone has knowledge about whether their coins can be manipulated for price increases or not, and most holders prefer to invest in coins from reputable projects. They do not have faith in meme coins that are prone to sudden price increases followed by sharp drops, as well as scams where developers abandon the project. If you hold Ethereum or Bitcoin, there is no need to monitor the price on a daily basis. Anyway, most people frequently check prices, but there are very few holders or traders who don't. As shown in the chart you posted, pumping can also occur, which involves manipulation with very low trading volume. I have seen this happen many times, so there is no need to regret or think that we missed an opportunity.

Someone buyng their own limit sell orders? My guess is that you couldn't have sold your tokens anyway because i am betting there weren't any limit buy orders on those levels, just market buys for a thin sell wall that was most likely dev or a bot buying their own tokens for fake price action. Either that or a glitch. You don't need to watch your wallet constantly, that's not healthy.

I used to check my wallet almost daily and then I gave up this habit, because 99% of the coins that my scam wallet receives are worthless.
Mostly scammers are sending these tokens to scam to trick people into traps.

This is useless if you don't have any tokens that you are expecting that will pump. The example picture is just a rug pull which the value is fake. Most likely that token came from a scam airdrop which scammer is using nowadays by spamming their scam tokens through airdrop then charge some ridiculous fee just to swap it on DEX.

I have a wallet for almost 5 years and there's nothing inside until now. So using your advice will just waste my time if I do this for 5 years consistently. A rug pull token shouldn't bother you to do that because checking your wallet regularly will loss your focus especially if you are doing important things usch as work.

Well first of all thanks for the tip. I also agree, that as a crypto investor the motto "I just wanna hodl so i buy and then i don't look at my coins at all for several years" is not a smart thing to do and can even lead to a total loss of your investment. A lot of stuff is going on in the crypto space with hacks and security breaches.
So stuff like the issuing of a new token is not that rare and i just had that a few weeks ago with Poolz. You had to claim your new poolz token on a website. So if you are not following the space at all for a long time it is very much possible that the time for the token swap is running out and in the end you only have worthless tokens on your wallet.

This is if we assume that this exchange will allow users to register and create accounts and be able to sell at an appropriate time before the currency price begins to decline. some exchanges use fast bots and prevent the execution of orders to attract more liquidity. They may ask users for documents or more data before they can withdraw their currencies. Therefore, unless the currency is listed in less than 5 reliable and high-liquidity platforms, you will not be able to sell it if you are lucky and the price of that shitcoin increases.

scam exchanges will require users to deposit bitcoins to be able to withdraw.

In fact we should often check our wallet often even important price changes can happen in a fraction of a second, personally i use a price check app that i have set up to send alerts when the altcoins i am interested in reach a certain value

It's not a bad idea from OP. I don't only check my old wallets, I also check my old exchange account especially those they were available during the ICO era. I have been lucky enough to see some tokens in hundreds of $ after over a dozen month since the account has been unused. It's a good practice I would say but also be cautious enough to check the token contract on the corresponding block explorer to ensure that it's a safe token contract to interact with.

Overall, it's not a bad practice - just apply caution to check legitimacy of the tokens found.

Monitoring the wallet constantly is difficult. Even with bots. Yes, and there is no need for this. Equally, there is a possibility of missing the jump in the price of any shield, as in your case. It is better to use this time to search for interesting tokens or participate in projects.

It all depends on the type of coin you are holding and the nature of investment you are having. Like someone who only has bitcoin in the wallet does not have need to check wallets often.
Again if the bitcoin investor is a long term investor, it may take months and years without checking their portfolio. I also think that checking portfolio often will pose a risk of exposing your wallet.

There's no need to constantly check your wallet every day. Simply keep an eye on your holding tokens and monitor significant changes in their prices. When you notice a significant shift, you can take appropriate action. However, visiting your wallet occasionally isn't a bad idea, but it's not really necessary.

There’s no wrong about checking your wallet from time to time and I’m sure you are just doing this because you are waiting for something, probably waiting for a time to take profit or to buy more. Though if you are not a trader and still have no plan to sell your holdings then I believe its better to check your wallet once a day, this can lessen your stress and frustrations, as a holder its also stressful to wait longer so have your balance approach towards the market.

just put an alarm on these old shitcoins and you're fine, no need to check every day. there are many tools that gonna make your life easier.
I just think that these also exposes you to the risk of dealing with scam coins so you should know that if you don't pay attention enough you might lose your investments.

I wouldn't recommend anyone to check on their wallet everyday. This will be a cause for anxiety and you getting disappointed if there isn't any positive change on your account. What I'd personally do is check back every once in a while with no set dates, and just forget about if it's an alt that isn't really getting that much attention at all. The most important coins to look for are the big ones as usually other altcoins only follow the trend of these coins no matter the weather. Perhaps some small deviations here and there but ultimately, when btc goes up, almost every alt goes up.

I will echo others' suggestions and advice that there is no need to check our wallets daily.  We just need to get a regular update on the price of our holdings and be ready to sell when our shitcoins got pump hardly.  I know the pain of missing out on updates and not being able to sell our shitcoins when they got pumped.  Being a trader, we need to know the price changes of our holdings since it is one of the SOP when we invest on shitcoins because these kinds of altcoin is very fast to get dump after it was pumped really hard.

such effort to check daily for the sake of something that rarely occurrs just seemed like massive waste of time to me.
no point checking daily since shitcoin usually could be rising even the liquidity might not be even there.
so whats the point of it rising in value if there is no liquidity to back it up its just like waste of time honestly, i'd just usually disregard all these coins.
no point at all dealing with them, moreover lately there has been many method of draining wallet. so someone must be careful.
moreover if the coin truly become massive, you'd eventually notice it anyway.

Totally giving out that kind of regret eh? This is the problem on having multiple wallets and knowing that the coins you've been holding wont really be that monitored from time to time.
I did experience such events on which it did really end up for me to miss out those profit taking opportunity which it might be able to earn more how many folds with my investment.
Totally give out that kind of feeling of regret and stress specially you do know that you had missed out that huge chance on making money but you do make it slip just because you havent
done any checks.

Sometimes these long wicks could be also a bug or something like that or someone do make out that wrong price order but basing on the experience on Binance, you cant really that
sell order unless if this one talks about futures but not really on spot trades. Crypto alert apps might help but most of the case they are really that left behind
anytime there's that sudden spike.

Those are shitcoins. There's no point in checking your wallet every day. Usually the insane increase is due to some indication of a hack or maybe a bot. If it's a legit coin then it's not going to change very much. I'm not going to waste my time checking my wallet every day because I'm sure if it's a legit coin then if today it goes up to 100% then in a few weeks it will drop between 10-40%. This means that there will be no sharp increases and sharp drops in the price of the coin.

You are probably not a day trader or someone who is actively buying or selling cryptocurrencies or even collecting tokens by either bounties, airdrops, etc., because a person doing any of that would obviously have at least one check on their wallet every day, I used to have some Bitcoins in my wallet back in the day when the price of it was way lower than $60k, I used to keep checking the wallet every day to see if they are increasing or decreasing.

And I don't think that a person can actually get any time to buy and sell such tokens which go high in such large percentages because they can rug pull any time and you will lose all your money if you have made a purchase and it rug pulls and doesn't even let you sell your tokens even at a loss.

Well, if you know that the wallet that you own has multiple tokens or coins then I guess checking once or twice a day is a good thing.
However, if you have a wallet that you didn't use in any airdrops, or anything aside from that wallet being used as a storage for some top coins like Ethereum then why bother checking it for once or twice.

I have a wallet on Daedalus (Cardano), and Keplr (ATOM), and TBH, I only visit them once a week. Why? Because I don't expect any airdrop coins coming from them except for ATOM who gives free coins for those ATOM holders who are staking their coin. On the other hand, looking at your wallet on a daily basis might cause you to get disappointed because of the losses that you might see. You might feel disappointed in yourself because you might see your tokens on that wallet being down double digit percentages in a single day.

Overall, there's nothing wrong with checking on your wallet on a daily basis as long as you aren't affected of the potential impermanent losses that you may see. Checking it hoping that you might get some tokens that has value? Probably it's worth it if you used that wallet in joining airdrops, or different bounty campaigns here.

This coin isn't accepted in big centralized exchange and the liquidity is very low, there's a chance you can't sell even though you were noticed the coin surge up 3883217% at that time. I'd more believe with people who're receive an airdrop from a project by using their service when they were still new e.g. Uniswap.

It's not mean I want to convince you to use service from a new project, you're need to take a risk and there's no guarantee you will make money from it.

You will make some dollars if you sell from your wallet at a specific moment... but if you wait a bit longer before selling you can earn even more dollars! Or you can lose some dollars... Buy/sell, hurry/wait, every trader's daily/weekly dilemma...

So checking your wallet every day or every minute is meaningless if you are just watching... just relax and trust your investment. Add more from time to time, which can bring extra dollars in the future if you pick the right coin to invest in.

With a chart like this, it sounds really fishy. It's either a sh*t coin that is pumped by someone to make a profit or a scam token like honey pot that makes people want to accumulate or get that token but in return, you wallet has the potential to get hacked. I don't like token like this because it is full of risk that we don't want to get involved with. I suggest to not interact with tokens like this given that there are meny victims who lost their money because of interacting on this kind of tokens. Whether losing value from a shitcoin or your wallet being hacked because it is exploited.

I often run into this kind of thing and unfortunately it's just a "bug"  ;D
I agree with you that if we have to regularly check our wallet or token prices because of price increases no one knows. I once got a token from a bounty and I didn't sell it because the token was not listed on any CEX or DEX, after a few months I checked again and the token was registered on the DEX but unfortunately the good opportunity has passed.

It won’t hurt you much to spend few seconds to check your wallet if you have a shitcoin on it. I remember I have many garbage tokens on waves that gives me a huge profit since one of them turns out to be a legit airdrop which the project get fundings for their listing.

The chance is slim for this kind of miracle on shitcoin but it’s possible. Deoge was trading way below to the current price and considered as total shitcoin before but now it has a huge value after Elon invest on it out of nowhere. No one will predict on what shitcoins will whale use to pump.

if you have alts sitting on your wallet, yes why not? but if there's nothing, of course it is just a waste of time checking your wallet. hoping that someone mistakenly sent some tokens, i don't think so.
and most of the time, those pump and dump tokens are hard to follow as you have no idea when will they pull off such stunt.
but if you have alts that are still actively trading in the market, wouldn't hurt if you check them once in a while to see where they are heading to.

It has only grown "on paper". In reality, no one will ever be able to make such a profit. The whole point is that such projects, without demand, can become very expensive in an instant. When they rise in price, it does not mean that the project will have a lot of buyers at the expense of which you can fix this profit. As soon as you try to sell even a fraction of it, the rate will plummet just as fast, as there will be much more supply than demand in the market. Never pay attention to such bursts of profitability, it's all a bubble, air created to make you pay attention to this coin and buy it.

you should check your old exchange accounts and crypto wallets is a smart way to find valuable coins or tokens that you forgot or didn't recognize before. It is possible that if the projects are successful then the coin can have a significant value after a while. But caution is also required when interacting with token contracts on the block explorer. It is important to check the legitimacy and safety of the token to ensure that you are not exposed to risks or scams. Through reviewing, researching, and using trusted websites or services, you can check and evaluate the integrity of the token before interacting with it.

And if there are more than a hundred such wallets or accounts? It will take a lot of time to check all wallets. During this period, the price of tokens may drop significantly. There is a kind of lottery. Either I found out that some token had grown in price or accidentally found it in a nightmare. It is not smart to specifically monitor many accounts.

This is the type of thing that matters a lot because people do not know what they are looking at. At the bull run I remember clearly there was a lot of a dust attacks, like people would send small amounts to people so they would join their project, and when they connect the wallet they would empty the wallet instead.

This happened to literally thousands of people, and it was such a situation but even after the first few people warned against doing that and told people not to do it and yet people still did it. I don't understand why people are doing this, like even after being warned, why would you still keep doing it. In any case, it's exactly like you said, and there is nothing further to check about the bug itself.

Well, just checked his performance on CMC and it really pumped to half dollars but if you checked the volume on that day it only has $85k liquidity. I think you don't need to check your wallet everyday if you know the token will do good in the long term, this one is a total shitcoin and it pose really great risks of rug pull. Their twitter has been inactive since the beginning of the year but their token just pumped this May of 2023.

That's right, you have to be careful with lots of honeypot patterns. if we are tempted, one or another gets dusted attcak and runs out of gas it's useless if we take a swab. That's for sure. Why should we waste our time on something unnecessary.

The way CoinMarketCap works sometimes means it cannot be used as the main benchmark because the possible price difference between the place of purchase and those on the CMC list is still different, causing the estimated value of assets owned to sometimes not match the calculations. When looking at performance, it shows extraordinary progress from the start of the creation of CMC until now, when they have always developed to be the best.

Many have been hit by dusting attacks like that. interact with scam websites and get hit by dusting attacks or some of the new hacking methods nowadays, namely drained wallet, so all the tokens in your wallet can be stolen easily.


When you first look at CMC, sometimes there are errors or a mismatch between the Token price on CMC and the original price. Many of the shitcoins that I have checked on CMC reach thousands of dollars, but it's just a fake pump and the volume stays at zero and the shitcoins are worthless. and looking at the shitcoin information on CMC there are several lists of Exchange Listings and it actually doesn't have any volume and sometimes the names of some coins are the same. The development of CMC has been amazing and now several updates have made CMC more accurate and it is very rare for price or other mismatches to occur.

If you are a trader you have to always check your wallet to know the situation of the coin you are trading, and if you are expecting a coin, then you have to check if  it has entered or not. If you are holding shit coin or altcoin, then the magic that happened in the picture that you uploaded can happen, but if you are holding bitcoin I don’t believe something like that can happen.

Nothing is wrong with checking of wallet on a daily, but I don’t do that because I always end up making silly mistakes, it has happened to me multiple times before, am always having intention of holding my coin for long term, but if I keep on checking my wallet always and I see any little increase in a coins price I will always end up selling it and I will keep on waiting for it to come back to my entry price so that I can buy back, but most times it those not come back to those prices that’s why I don’t like checking my wallet always.

If I can buy my bitcoin to hold, then the only time I don open my wallet to check the bitcoin is whenever am having money and I want to top the bitcoin, but if am not going to do that, then I won’t open my wallet always.

That's a good one, I'm also checking my wallet at bscscan and etherscan because I had done many bounties and also I'm doing airdrops for which I was in search of the received amount every time haha. And mostly I checked for the previous bounties that I had did a long time ago, its my habit actually.

Yes, I knew it was a rug-pull currency. The scam currency team manipulates liquidity and creates a fake pump. Not all currencies in our wallets are legitimate, as there are many scam currencies and rug pulls, so before the owner of the wallet tries to sell them or buy more amounts of them (under the illusion that it is an excellent opportunity and it will be achieved for him profits), He must do his research first before making any decision. The point is that each of us reviews his wallet daily, as it is a semi-good idea. Through Coinmarketcap or Coingecko, we can use the Watchlists feature for the favorite currencies that we invested in order to be constantly informed of their market prices and everything related to them, without the matter being manual and without paying any attention to any scam currencies in our wallets.

That can be deceiving from just a glance.   There are some cases where a coin will have no volume and people go in and buy a dollars worth at such a high cost to give this impression of a spike when in fact its just that, manipulation.  Nothing goes that high that quick at mass volume.

It depends on the type of coins you are holding, if you are only holding bitcoin and other similar strong coins then even if you do not check your wallet daily you will find out they went through a spike just by reading some news or this forum, however if we are talking about some obscure token then it would be a better idea for you to create some alerts in the case the token you bought goes though a major price variation, and in this way you will save yourself the effort of checking your tokens for months while nothing happens during that period of time.

honestly i've seen so many attempt of scam through sending some random coins that have humongous value, this time maybe you're lucky next time if you're not careful you might get scammed.
the risk is not worth it honestly.

too much of a rare occurrence to be that significant, honestly checking on daily basis seems like massive waste of time for coin that doesn't even guaranteed to increase even after a decades in.
you just better off focused on investing on other coin at this point since the other might just be far better than just waiting something thats not even guaranteed.
moreover if you want a simple way you could just use some tools to watch your coin price increase.
this is also one of the reason why this is such futile attempt and waste of time, too much manipulation that instead of allowing us to earn some profits it will steal our money instead.

This is great one.i always check my wallet.Bsc scan,ether scan & polygon scan.Some time I received some payment because long time ago I complete some bounty.So I always check my wallet & received my some payment.

If you are a holders and traders then absolutely you should check basic everyday for your wallet. If you got profits from your investment then you can sold out then again buy dip. It's really like a profitable step but there are many people who haven’t check everytime for there wallet so that's why they can miss to sell profits abilities.

The best alternative is to create an account on Coingecko or Coinmarketcap and create your portfolio and add all the names of the coins and the amount or number of these coins and tokens all you have to do is to log in and check the percentage and see if your coins or tokens have increased in their value or there is a dip in their value, it's better than checking all your wallets, by creating your portfolio you can have an insight on how your coin performs in specific time so you can take action if it's worth retaining or dumping.

A holder does not really need to check his portfolio that often, after all a holder is someone that is not only willing to hold their coins for a very long time, but they are also someone that has specifically selected the coins on his portfolio to be coins which can be held for that long, so a peak during a specific day means absolutely nothing to them, the only ones that need to check their portfolio so often are traders as they are the ones looking for those extreme variations on the price on the coins they bought.

I don't need to check my wallet at all as I keep only coins listed in top 20 to top 100 in Coinmarkecap website and I only check that website,I have it as an app in my mobile phone and check it once or twice a day to see what is happening with my coins.Actually nothing it is happening with my coins as I keep pretty stable coins as these type of coins reside in top 100 of that list.

For people who hold those shitcoins they need to do a daily check yeah as the increase from such coin is much more than 100% when these coins do pretty well in some exchange that apparently starts accepting them for trading.

Its good to monitor your wallet from time to time, especially if you have the target to look forward. Don’t just hold passively since there are tokens that pumps in no time and you might loose the chance on selling it and taking profit. Even if I hold good coins in my wallet, I still monitor the price of those coins so I can know what to do next with my holdings.

I think we need to be incredibly clear with our intentions when it comes to our goals and how we want to achieve them, a holder cannot afford to buy a coin that can pump and dump, as now the biggest advantage of holding which is to buy a coin and hold it for a long time without worrying too much about the short term price suddenly disappears, only traders should buy those coins as due to the nature of their job they are already checking the markets everyday anyway.

Currently, there are many different services that allow you to track the contents of your wallet in all networks. One of these platforms is debank.com thanks to which you will always know the current balance of the monitored wallet. But despite this, it will still be difficult for you to sell the coin during a short-term pump.

Recently, I'd checked my wallet but no miracle happen still, it was loaded with shitcoins. So I don't have to believe that checking every day would give you some money as it never happen to me. But despite this thing still, I'm going to check it from time to time watching any of my shitcoins that have been so many years been there to at least show some changes because we know that many impossible things happen when the bull season so coming and even shitcoin could show something unusual movement. Who knows right because I have that experience in the last 2017 Bullrun.

The issue with those shitcoins is that their pumps are incredibly fast, so even if you were to check your wallet on a daily basis there is no guarantee you will catch the pump, as the pump could begin and end before you have the chance to check your wallet, then it seems like a better idea to have some sort of alert system that tells you when a coin has gone up or down by a wide margin, this way you will have a chance to act immediately and try to get the most out of that movement and obtain profits that way.

Yes, but there are also some times or cryptocurrencies that you can't sell. There are also some times that the price of the token you are seeing on these explorers is not accurate, some could be only issues from pricing which the real price of a token is really nothing.

But it's always better to check, it will not take a lot of time. Just be careful also sometimes because some of the tokens that are being sent to your wallets are scams or just spam tokens just for promoting something or that will lead you of getting hacked.

It is just a minute of your life to check on it, and we should do it. That is really my routine every morning just to check the price of altcoins and check for new news about them. That is really a missed opportunity, but again, it is your choice to check from time to time because others won't as they will be tempted to sell their assets, which again is their strategy. But the best way to do it is to check the news of the altcoins that you are holding to see any updates.

I am using the Debank application to earn some dollars from content sharing and reacting to other posts. The main advantage is you can watch your wallet and all the transactions history and LP details. Also, you can analyze the other wallets as well.

It is true that it does not seem to be a big deal to check your coins at least once a day, but when people are holding 20 coins or more then suddenly things are not so simple as now not only they need to check the price of so many coins but also the news related to them, and people could easily spend an hour doing this, and if we add that the movements of altcoins are incredibly fast then you could miss the movement of one of your coins even if you were to check your coins once a day, so another method needs to be used in order to deal with those fast movements.

may I know what token are you showing this?  because I also experienced something similar when I checked my wallet.  first I only get tokens with a total of 8 seeds.  but now the number has reached 1,800.. it turns out that the information I got Apr reached more than 1000% which made my token amount increase sharply

It's on the image, axl token. You can also read it from other replies on the first page.