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Author Topic: Don't look at btc every five minutes  (Read 2374 times)
cepedacharles
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March 22, 2018, 03:23:18 PM
 #461

I guess this is one good way to cool down your mind if you are a full time crypto-currencies trader, it would be good to take a short break by stepping away from your personal devices and take a walk around your neighborhood to relax your mind.
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March 22, 2018, 03:36:27 PM
 #462

It's a very common mistake. But I guess with time checking Bitcoin price frequently becomes a habit. A habit that is hard to get read of. The problem is that this doesn't make you good but it makes you a constant pressure and can you lead to make wrong moves and estimations.
So I suggest try not to get addicted on price checking.

oracleongoodbye
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March 22, 2018, 04:05:47 PM
 #463

When starting an investment on Bitcoin we should always prepare ourselves to possible result or outcome Bitcoin could have in the future. Yet, having a hourly or minutely checking on the price of Bitcoin will just help you to makes you panic at the same time stress on the sudden movement of the price of Bitcoin on the market.
Harith65
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March 22, 2018, 04:06:36 PM
 #464

It is no point in looking at bitcoin price in every five minutes. Because the price bitcoin is very high. In short time price changing could not be higher as well as well as with comparing bitcoin price small change of the price is neglected. Therefor dont look at the bitcoin every five minutes.

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March 22, 2018, 04:16:03 PM
 #465

It is best to invest on a long-term basis and forget after that. Remember about this investment only when the crypto currencies will firmly enter our life.
PonyBoy
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March 22, 2018, 04:25:01 PM
 #466

It is best to invest on a long-term basis and forget after that. Remember about this investment only when the crypto currencies will firmly enter our life.

Yeah i think same untill i go inside crypto , after iam starting to checking my prices every hour and many times per day , iam man who could just wait month or 3 months without any price regulation . Best way just to look 1-2 times per day at prices i think.
kiki genteng76
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March 22, 2018, 04:38:28 PM
 #467

you are right, I also feel the same way, seeing nili btc every time makes me wary to sell or keep holding it, in fact if I sell it now I can already profit but I do not do that and never see the value again
blackhawkeye1912
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March 22, 2018, 04:59:06 PM
 #468

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning

Checking the value of BitcoinBTC every 5 minutes is not the right thing for us to earn here. Even the day trader is not doing this tactic. In fact the more often you monitor the value will lead you into your worry or feeling of panic in selling actually.
nskendrovic
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March 22, 2018, 05:17:46 PM
 #469

This is an advice that everyone needs to memorize. If I would have understood this earlier then wouldn't have sold my hodling once I saw the price going up. Wont make the same mistake again. Now I only check the price of my hodlings just once a day and have set target sell prices and wont sell for anything less than that price.
betetakjelas
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March 22, 2018, 07:24:19 PM
 #470

seeing btc every five minutes will only make you wary and emotional in trading or hold, better do not see too often if still want to get bigger profit
Ovidijus01
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March 22, 2018, 09:33:53 PM
 #471

You should follow a crypto market to know what is going, but investing to BTC should be a longer time investment!  Cool
KEPLER99
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March 23, 2018, 05:18:19 AM
 #472

You find the coin price day by day. It good opportunity for the future growth and improve your knowledge. If not find the coin information you can't sell the coin on time. So it time to change time is important for the process. So you follow the coin price day by day. It helpful for future saving and you reach your gol. So time to connect your process you get more profit.
But people do this. They are tired of waiting and want to see bitcoin rising again. Investors are becoming more impatient as the time passes by. This way, they might end up taking wrong steps. That is why, the right act for novices is to take a break and come back after few days in order to stay away from selling out due to frustration. All those who understand the future of crypto coins would be definitely investing more at the moment.
Kunlejoe0
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March 23, 2018, 05:30:51 AM
 #473

Why would anyone would keep looking at the price of bitcoin as if looking will change the numbers. There are better use of your time as trader! The time you spend in understanding the technical aspect of trading usually pay handsome reward later.
shuijun
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March 23, 2018, 06:36:53 AM
 #474

This is certain, if you often check the price of BTC, you can't help but sell it so that you can't get the maximum periodic profit.
KEPLER99
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March 23, 2018, 07:26:45 AM
 #475

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
Before I got into Bitcoin I already knew there were risks involved, and I’m sure that everyone that is here knows that too. If you don’t know that… uhm… that’s left for you. I’m not the type that checks price rate every minute of the day, in a day I might just check in like twice or maybe, highest five. When I will do check regularly is when I have nothing doing and there is nothing else to look at than that just to keep busy and know what’s happening.
doge_shit666
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March 23, 2018, 08:37:54 AM
 #476

This is certain, if you often check the price of BTC, you can't help but sell it so that you can't get the maximum periodic profit.
Bitcoin as well as other altcoin fluctuate greatly due to trading of investors so if you do not trade should not track the value of bitcoin every minute so. During this time the market is going down so much so you should keep buying the good altcoin at low prices and keep that is a good choice.
Borisb52
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March 23, 2018, 08:46:48 AM
 #477

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning

To look at the rate bitcoin every 5 minutes makes sense only if you are trading within a day. If you have Bitcoin as a long-term investment, then it's really not worth looking at the course. Because you can panic and make mistakes.
Zekia1
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March 23, 2018, 08:46:59 AM
 #478

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning

This is easier said than done. You know... eventually it's perfectly normal to worry about your money as well as looking for a moment to invest more.
ajiejot
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March 23, 2018, 09:08:35 AM
 #479

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
Agree to this. We should forget cryptocurrencies for now, let's take a rest. The market is experiencing price correction because of the long bull run last year. Just hold your bitcoins until last quarter of this year. Let's wait and pray.
Pedro18
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March 23, 2018, 09:43:35 AM
 #480

This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
Thank you for this tip. Very amazing, this post can inspire other people. Specially now, the market is down. It is super normal for now because of the long bull run last year. The price of other cryptocurrencies are making correction to the price of it.
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