Don't look at btc every five minutes

[cpfreeplz]

People watch the price of Bitcoin every 5 minutes? They think of selling on 5 minute intervals? Holy shit they must be newbs  lol wtf. I don't have time for that crap.

OMG IT DROPPED 10% SHOULD I SELL?! Nope. You shouldn't. Believe me, I speak from experience.

The best time to sell is when we hit ATHs. If you don't sell at a new ATH you're screwing up your future, actually selling at an ATH can still screw up your future. I sold a little bit for personal reasons at 5k and I'm still pissed that I never had a chance to buy it back. If we go back to 5k at least I can justify getting those coins back, if not I'll just enjoy the ride.

Don't waste your time checking in the short term. Long term we're going steady. Look at that 5 year or 1 year chart and drool. OMG it's so sexy.

[bamboylee]

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

It cannot be helped if you are active here in the forum. Every now and then, a post about the price of bitcoin will pop up and you will tempted to check the price of bitcoin. Discipline, self-control and focus on the goal is a better solution.

[whirlcoin]

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

Yes, don't do it because it will make you feel bad and will result in panic selling.Just buy some bitcoin and keep it in the cold storage for some years them you will know what a bitcoin can do and the real profits.

[ibininja]

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

Lol that is actually my trick; I check the price every interval of few hours to get a sense of where the price is heading; I am not a daily trader rather an occasional one. Checking the price every minutes is stressful and of course leads to rash decisions and panic sells.

[Iceblast]

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

the best step we have to adjust to the decline or rise in btc prices, currently the price of btc is experiencing a drastic decline. we should not be exposed to panic sell because the current decline can not be permanent and price increases will occur in the next few months.

[micheal wang]

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

It depends on the person who sees it, if the person looking at the bitcoin price and he doesn't understand how investment in bitcoin, it may be true what you say he will use panic selling, but if the person he have understands how investment in bitcoin, he will make it as an opportunity to buy bitcoin. So, just a fool person bwould sell bitcoin when the price goes down, that's an investment strategy in bitcoin.

[Kakmakr]

I look at the price almost daily and I am not in the least worried, because I already made more than enough profit to cover my investment I made in Bitcoin. I will not say I am risk free and that the significant drop in the price will not influence me, but when you gained your investment capital back, you just worry much less about the value. ^smile^

Tip : Take profits when the price is high, get your money back, and leave some coins in the game to profit more.

[kumarrajuiitd]

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

personally I don't think it's a mistake,  as volatile nature of its price makes it more interesting.  Price increase makes people to make it more viewers.  As every transaction on internet makes its price volatile

[nikenv2212]

For the long term it does not matter if a trader rarely see the development of bitcoin value, because the risk is little. but for short-term trading or daily traders, it seems necessary to monitor as often as possible, especially when downtrends, values tend to decline, checking conditions to minimize the percentage loss is very important. do not be a trader who likes to buy expensive and sell cheap

[heraldlazaro25]

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 also think it is being paranoid if most of the time, you are checking the price of bitcoin. Instead of wasting time checking its price, spend those time to earn bitcoin. In that way, you will not worry anymore if the price of bitcoin increases or decreases. Just trust in the capability of bitcoin that it will increase its price again.

[icol333]

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

Well, it depends on what style do you use on the trading. Some of the people is a day trading, which stays on the screen longer than the usual HODLers.
On the experienced traders it may seem normal but for us, the HODLers, seeing the price each minute is like watching a sad movie while cutting onions.

[Ouissem]

I look at the price almost daily and I am not in the least worried, because I already made more than enough profit to cover my investment I made in Bitcoin. I will not say I am risk free and that the significant drop in the price will not influence me, but when you gained your investment capital back, you just worry much less about the value. ^smile^

Tip : Take profits when the price is high, get your money back, and leave some coins in the game to profit more.

I’m exactly in the same mood. I took my profits and I’m chilling. But I really love to check crypto-prices every freaking day. I like stats. I like news. I like the crypto-economy. That’s really addictive even if I’m a really long hodler.

[zhekinsp]

But more people do this 

We need to have trust on the bitcoin if we continiously watches the price over and over it will make us to sell our holdings due to the price volatility of bitcoin.I am invested on bitcoin for longer term so I don't care about these short term dumps and bumps.

[TWW]

yeah it would be pointless to watch bitcoin price every 5 minutes...but there is no wrong about it if you already get along with that...especially if you like trading...you will need watch coins price frequently but do not watch it in every 5 minutes

[warning_btc]

What if we are traders? we can make profits from every 5 minute price changes

[tweetbit]

It’s not a mistake because it’s human nature but we have the ability to recognise what is right and wrong in every situation/decision we take. Your suggestion is the best solution that is timely and we tend to ignore this small action as we thought this won’t affect us emotionally and in the end will be the one pushed us to our limits. No monitoring of bitcoin price means, no worries and no panic.

[pocketfullofpoke]

Most of the people who owns bitcoin and are always checking bitcoin's market price are likely to be short-term investors. It is a good idea not to look/check on bitcoin's market price constantly this days too to avoid stress and depression.

[adekpulpen]

it depends on the person itself, i see btc every hour
because I always think about BTC, every moment 
If you check BTC for a long time, you will regret if BTC suddenly goes up, and you do not have time to sell it

[Walrus1]

It’s not a mistake because it’s human nature but we have the ability to recognise what is right and wrong in every situation/decision we take. Your suggestion is the best solution that is timely and we tend to ignore this small action as we thought this won’t affect us emotionally and in the end will be the one pushed us to our limits. No monitoring of bitcoin price means, no worries and no panic.

ya I get that, and Im guilty myself, ive traded, now though I beleive in btc and eth enough to relatively sure it will become useful in the future. When you find something you beleive in I think you should stick to it. If you want to speculate that's fine, I think from my years in stock I've developed patience

[smarteth]

Every Crypto trader will have this habit  they keep checking their mobile every 2 mins