FrankNoland
Copper Member
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Activity: 560
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October 16, 2017, 05:45:29 AM |
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1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.
2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
3) Buy, hodl, buy, hodl...
In my opinion, I think since you are not into trading and you are just holding for long term, I wouldn't say that there is a need for you to check up on your investments every now and then. Since even if bitcoin pump, you won't sell since your intention is to just hold. However, if you are a trader, I suggest that you keep a closer eye on the market so that you can know which coins are pumping and which ones are dumping, and to further make better profit. I personally keep track of all my investments and I don't think there is anything wrong with doing that either. |
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mistanama
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October 16, 2017, 05:59:42 AM |
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Increase and decrease should not be problematic. Because it's just our market. It should still be appreciated because of this we will earn more money. You can just hang around with its tracks. You can live here in trading, bitcoin work and more.
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Kakmakr
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Leading Crypto Sports Betting & Casino Platform
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October 16, 2017, 06:04:14 AM |
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You might not open your wallet every day, but you will quickly look at the price to see if your investment has lost or gained some value, since you acquired it. Most of the people bought bitcoins as a investment and they monitor the price to determine when they can take some profits.
I monitor the price every day, because I buy on the dip and sell on the high end. ^smile^
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TheQuin
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October 16, 2017, 06:06:34 AM |
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1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.
2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
3) Buy, hodl, buy, hodl...
As far as I can tell the ones that freak out about it are those that have bought at high prices. Anyone who has been sitting on a profit for a long time is going to be much more relaxed about the next dip. If you bought at under $1,000 why would you care if it drops back from $5,600 to $4,000. If like me you've been in this for much longer you will have seen it all before a few times and it always comes back. |
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keycellko
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October 16, 2017, 06:07:15 AM |
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1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.
2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
3) Buy, hodl, buy, hodl...
When you look at it in a bigger perspective, it does matter that the bitcoin price is fluctuating. If it goes up i'd be happy and if it goes down id be sad. And for others who own other altcoins besides bitcoin, most of the time the price of bitcoin will affect the price of the altcoins so it really is a big deal. |
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DoublerHunter
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October 16, 2017, 06:58:48 AM |
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They have got freaked out because the price of bitcoin surges a lot and it surprises all of the bitcoin holders because the price just got up to more than 5,000 USD and it is really amazing because you can easily get a lot of profit in just a short time and it is even more better than forex trading which is very risky and also the stock market that doesn't have a high return.
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JeffBrad12
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October 16, 2017, 11:26:01 PM |
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They have got freaked out because the price of bitcoin surges a lot and it surprises all of the bitcoin holders because the price just got up to more than 5,000 USD and it is really amazing because you can easily get a lot of profit in just a short time and it is even more better than forex trading which is very risky and also the stock market that doesn't have a high return.
and also this current price is All Time High that make people got excited, there's so many people have speculating about the ATH that's not reached for pretty long time and after the dump that caused by China, people are losing patience to the price of bitcoin. and now finally, the ATH reached and people are happy that they're holding their bitcoin since then. |
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benh
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Activity: 7
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October 16, 2017, 11:29:57 PM |
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They always say that financial markets hate uncertainty and the forks seem to be causing a lot of uncertainty.
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Dalmar
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October 16, 2017, 11:32:21 PM |
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They always say that financial markets hate uncertainty and the forks seem to be causing a lot of uncertainty.
Uncertainty is nature of this markets and noone can predict preciously future prices.Fork news attracts new investors to this business and everyone is excited to get free bitcoin gold. Prices will see deeper levels after fork because new selling wave will not respect to anything. |
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youdacapt
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October 16, 2017, 11:55:11 PM |
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They always say that financial markets hate uncertainty and the forks seem to be causing a lot of uncertainty.
Uncertainty is nature of this markets and noone can predict preciously future prices.Fork news attracts new investors to this business and everyone is excited to get free bitcoin gold. Prices will see deeper levels after fork because new selling wave will not respect to anything. Can you take advantage and opportunity from it? bitcoin is popular because it is controversial and highly unstable, but as it moves quickly and is able to provide consistent income, then no one thinks of its negative impact at all, in this uncertainty, we can continue to struggle to make them viable and more stable, especially supporting regulation legally. |
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Indrawan77
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October 17, 2017, 12:05:44 AM |
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Well a lot of people is trading using bitcoin, so a small fall or rising is very valuable for them, some people make a living using bitcoin, and big whale heavily invested in bitcoin so a slight rising can be a huge profit for them, if the price is stable and keep on rising, it show that bitcoin in a positive trend with a lot of investors, so price is very important
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Vatimins
Sr. Member
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Activity: 987
Merit: 289
Blue0x.com
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October 17, 2017, 01:59:43 AM |
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1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.
2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
3) Buy, hodl, buy, hodl...
Obviously, these people that freak out with every price dip are the people that are still new to the crypto world. And in this case, bitcoin. These newbies tend to panic a lot because of all the bullshit they get to read everyday from people can do nothing better with their lives but to spread baseless fuds about bitcoins. Which then fuels up their panicking. Worse is that most of these fud spreaders are people who don't even know what they are talking about. While, others do it for fun or for trolling, and others to make other people panick sell sonthey can buy low, most of them just wanna have something to say about the big thing being talked about. So likewise, will buy, hodl, and back again. |
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tweetbit
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October 17, 2017, 02:06:09 AM |
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We can’t blame anyone about it, it is mostly a human nature. Good for you, that you do have that patience and tolerance to this kind of scenario. Not monitoring much on the market price might help to start with but every person has a tendency of being negativity in things where we spend out money are.
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HODL
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ramsdaj28
Sr. Member
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Activity: 420
Merit: 256
اللعنة
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October 18, 2017, 02:22:09 AM |
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1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.
Everyone's affected by the movement of bitcoin's price. As a bitcoin user and investor, I have to make sure that I have a backup plan whatever happens to my bitcoins. There's actually no difference between YOU who use bitcoin to buy gift cards and US who use bitcoin to convert to local currency and withdraw. Also, there's a bigger problem on the part of investors since they're the ones who are working on cryptocurrency and their investments are greatly affected by the changes in the prices of these coins. |
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postokenlover
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Activity: 159
Merit: 10
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October 18, 2017, 02:30:55 AM |
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Ha ha, that's a good way. Me too. I often go to my BTC account, buy, buy, and go to my account in a couple of months
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Baofeng
Legendary
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Activity: 2590
Merit: 1658
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October 18, 2017, 02:37:48 AM |
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We can’t blame anyone about it, it is mostly a human nature. Good for you, that you do have that patience and tolerance to this kind of scenario. Not monitoring much on the market price might help to start with but every person has a tendency of being negativity in things where we spend out money are.
Yes, its just human nature to freak about something you don't have total control. And as much as you like to it let go higher, sometimes it would go other way around. But I can't help it, I want to monitor the price to see how my investing is doing. But as I gained experienced already, I'm not that affected with a sudden shift if price because I'm in the long term side of it. Though it was scary during last month's crash, but I remain patience and didn't to one sell of my bitcoins. Look at the current price, its going red, I'm sure there are investors here freaking out because the price is down although minimal. |
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ramsdaj28
Sr. Member
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اللعنة
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October 18, 2017, 04:26:29 AM |
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2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
No. Just because you're checking your wallet regularly to see the price, it doesn't mean that you're addicted to bitcoin. That only shows that you're aware about the things that are happening to crpytocurrencies, especially bitcoin, including their prices. That is a good characteristic of a good investor. You don't have just put your money in bitcoin and do nothing. It is like sowing a seed and let it grow. You need to visit it everyday to check whether it is in good condition or not. Also, it is risky to leave your wallet unopened for a week or two without checking it regularly. Be responsible with your money. Unlike the local paper bills inside your wallet, cryptocurrency wallets should be check regularly so that you can manage your money base on the price changes. |
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ramsdaj28
Sr. Member
Offline
Activity: 420
Merit: 256
اللعنة
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October 18, 2017, 05:33:10 AM |
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3) Buy, hodl, buy, hodl...
It's funny when people here in the forum spell HOLD as HODL. And it just amaze me how bitcoin culture change the people and the way they talk. These crypto-jargon is funny, and at the same time, a bit of confusing especially for noobs.  Anyways, that's the case for most of the time. In crypto-trading, you don't have to be a day-trader, and you won't actually earn if you are a day-trader. And with the volatility of cryptocurrencies, there's no problem on holding it for longer time. BUY...HOLD...when the price drops, BUY again then HOLD. When the price significantly increases, then that's the time to replace that ellipsis in the end with SELL. |
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gabmen
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October 18, 2017, 06:28:22 AM |
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1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.
2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!
3) Buy, hodl, buy, hodl...
Well for newbies, this price hike would really be pretty exciting. If it's the first time you've experienced this kind of investment where you can see thr price moving up, it's a normal reaction to freak out in excitement. |
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whitemacna
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February 07, 2018, 07:04:06 AM |
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Hobbyist who occasionally gets paid for a job in Bitcoin here. Not like I earn a living with Bitcoin or anything.Apparently freakouters about the cost of bitcoin are those who have a number of whole bitcoins (not small). In this case, the price will strongly affect the amount of money in dollar terms.most of the users are like to invest bitcoin. But so many issues are create in current market. Because you are it in for the long term. Others do short day trading of bitcoin that's why its important to them to see the price and look at how they can earn short term.
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