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Author Topic: Don't look at btc every five minutes  (Read 1951 times)
futuret
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April 20, 2018, 07:19:28 PM
 #601

yes that's right, do not always look at bitcoin prices because it will only make you panic, investment in bitcoin will be more profitable if you invest it for long term
Rome was not built in a day, and you can’t look out in the window to see if buyers are coming to your shop. Price in the market is set by the demand of the Bitcoin. It will only surge when the demand is at maximum. Making people demand for your product is not an overnight thing so yeah you should not look at the prices every now and then. Let the market handle the problem and you will come to know when your investment bears fruits.

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April 20, 2018, 07:33:57 PM
 #602

Looking at the chart feels so satisfying while painful at the same time. That feeling of greed when you expect a lot out of it, but then get disappointed on how low it gained lately. I mean it is a good thing it gained but psychologically it is painful yet that it hasn't reach that satisfying price yet. In crashes, it is much more of a bleeding feeling as you will really expect or else panic is about to happen.
Looking for the prices in just a minutes well it always feel you down because the targets we expected is not reachable yet,but as long as its slowly recovering we can say its a good sign. We're so greedy for the huge moneys and thats why we are in hurry or panic selling those coins ,for us not to worry we need to focus and presence of mind in doing such investment ,I know the prices is unpredictable so the following recent days has also a big potential to regulate in higher rate.
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April 20, 2018, 07:55:26 PM
 #603

Yes looking the market value of bitcoins every five minutes makes you too much paranoid and gives you lots of thinking and stress. Don’t bother yourself too much in the market value because all things are controlled by the company.

But it is necessary to watch the market value, without look and notice, we do welcome to our loss. As a trader when we start to trade then our first step is to see the market's ups and downs, then we take the decision and if we remove it in out trading method then what is left to do trade?   
If we do day trading then it is must to see bitcoin price in every 5 minutes, but if we do long term trading then it doesn't matter.   

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April 20, 2018, 08:10:12 PM
 #604

Since price fluctuations are very high, of course monitoring of the market is very important, even though we have set limits to sell and buy, but look Btc price every five minutes is too much. Monitoring the market is necessary with the variables such as news on the market, bitcoin cooperation with other projects, development of bitcoin development, etc, this will surge the price in the market, with the requirement of the requirement to increase maximum.
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April 20, 2018, 08:29:04 PM
 #605

I agree 100% of the main idea of this headline. Everyone in the market, including Bende, is constantly on the phone with a price tag. This can break even the righteous. Also, as he said in his friend who opened the title, constant pursuit can make panic sales in price declines. This may regret you soon. I guess you can not benefit anyone if you get out of sleep at midnight and look at the price of bitcoin.

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April 20, 2018, 09:07:55 PM
 #606

At first I often watched my bitkoynom (several times a day), but now I see the difference. I rarely see it, and now I'm more relaxed. Do not panic when I see a red
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April 20, 2018, 09:26:40 PM
 #607

Lolz, you got a nice point there at OP. But this does not affect me in anyways, cause I had to deal with my panicking last year, when I got to understand that bitcoin fluctuates in minutes and hours. I don't look at the price of bitcoin because I want to sell, I look at its price because I just have to. When I am less busy, I am in bitcoin forum, then not being updated with it's price is not too good as a crypto lover.

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April 21, 2018, 09:43:08 AM
 #608

However, checking it every minute is a real struggle, as we wanted to see if our coins doing, checking doesn't mean we want to sell it. This is not a mistake if you always look at them. This is the anxiety of all traders.
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April 21, 2018, 10:38:42 AM
 #609

bitcoin will be more profitable if we invest for the long term and will make us more calm, no need to see the price every minute because it will only make us panic and will not be able to control the emotions
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April 21, 2018, 02:40:59 PM
 #610

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


I agree with you but this is honestly one of my daily mistakes which only leads to stress and panic. I think looking or checking the market price once in a while is enough just for us to have an assurance and security on what to decide. Better just hold and monitor your coins but don't stress yourself in holding.


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April 21, 2018, 03:05:13 PM
 #611

I agree with you  there is  need to watch  bitcoin  price every minutes, because it can make you feel confused or panic and lose bitcoin barley at a cheap price. this is the normal problem for newbie.
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April 21, 2018, 03:05:21 PM
 #612

During the great Bitcoin crash, I just avoid myself to look at the prices every single hour or day. But as of now, things are looking good in the cryptocurrency market now because the April tax deadline has ended, so I think I have ni problem in looking at the prices from time to time.














 

 

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April 21, 2018, 03:46:51 PM
 #613

Controlling the market twice a day is enough (in the morning and in the evening).
Thanks god a smartfone can help you in doing that wherever you are - just make a bookmark and enjoy life.
Anyway, BTC is on the decline now, so I don't think there will be unexpected news on the market in the next few months.

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April 21, 2018, 03:57:01 PM
 #614

No need to look at bitcoin price every 5 minutes, perhaps 4-5 times a day is enough because the price changes is not material with that time changes. You dont have to be panic, just relax and there still hope that the price will back to an increasing trend.

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April 21, 2018, 03:58:55 PM
 #615

Totally agree with the topicstarter. If I decided to invest my money in smith, that means I tried to analyze that market, I made some conclusions, some forecasts. So, there is no need to track it every 5 minutes, at least for first couple of days.

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April 21, 2018, 04:27:47 PM
 #616

I know you have reason to look at the bitcoin value every 5 minutes but that might be a waste of time. Bitcoin values ​​only bring about natural and normal fluctuations before entering the critical period for growth or dumping. I only take the time to do that when there are effects from FUDs or special times for sale.
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April 21, 2018, 05:41:15 PM
 #617

If we look charts below 1 hours is too many fake signal because fluctuation is very high and it will make a bad  analysis for us. I'm always looking charts for 1 hours until 1 week to know how good trend in a few days.

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April 21, 2018, 05:53:17 PM
 #618

I wish I had the force not to have a look every five minutes. Deleting the tracker apps for a week helped though. But now the bull market has started I have reinstalled them.  Grin
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April 21, 2018, 06:10:20 PM
 #619

Looking at the price changes too often could lead us to make a bad decision as I already experienced it at the beginning of my trading journey. I took an action too fast just because I saw the fluctuation wasn't at my favor. Nowadays I prefer to look at the trend in a longer period.

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billykannithi
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April 21, 2018, 06:16:06 PM
 #620

This situation only happens with people who're free all day and they're concern about their investment in Bitcoin.
Or people who spend their whole career on Bitcoin and they're nervous about it , about their future also.
It's absolutely not a good thing to do because it will bring to you some bad mood and you don't want to get those moods for sure.

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