Don't look at btc every five minutes

[Dfinest]

If you're a long-time holder, monitoring BTC price every single minute is completely unnecessary, even though it's hard to resist at times. If you're a daytime trader, it makes some sense, but don't go overboard.

[severaldetails]

When you do trading there is no other choice than to watch the market closely. Otherwise you will miss the small opportunities you get here every day.
But for the holders, especially the long term holders it is really a good advice not to check the price too often. The investment decision was made, and by seeing ups or downs you get always tempted to change your pland. And the changes are usually not so carefully thought through than the investment decision itself.

[yonjitsu]

I've been doing that lately too because i don't want to think that bitcoin and cyptos will not recover anymore. Everytime i check on the graph, it seems that time is moving so slow. So i think it's better to let the day past without looking at the graph at all.

[fabianji]

Why on earth would you sell any bitcoin? I mean seriously, if you bought any time after mid last year there is no way you should sell any. Bitcoin goes through these cycles, building up momentum and peaking end of the year / beginning of January just to "crash" two or three weeks before Chinese New Year and then pick up again after CNY and outpace the end of year / beginning of January peak. This happens every single year. So never ever sell any BTC in the first half of the year - unless its beginning of January... But between Feb and August its not advisable to sell at all!

[coinlib]

I wouldn't suggest looking at BTC every five minutes either, but if you can't help it, the price of Bitcoin on Coinlib is updated in real-time, graphs, too.

[captin crunch]

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 absolutely the price might change several times during the day, there are some periods when the activity is low, so it do not matter, you should just follow weekly or monthly statistics.

[Seetheummerallyeah]

A Bitcoin faucet is a webpage that gives out users a very small amount of Bitcoins every few minutes. This way you can get your first Bitcoins without needing

[juiceannabel]

if you look at the price every minutes, it will not conclude the big picture of the movement of the crypto market.
instead that, we must look the price at the longer time range.

[Abete]

if as a buyer and a seller it's normal for you to panic, but if you have an extraordinary level of patience, the results that will get also surely more remarkable. Examples of my personal experience for example, last year I bought bitcoin in June, and at the end of December, I did fantastic things by selling it. But if I'm more patient, and sell it early in January, it's definitely more fantastic.

[secondgarlic]

Why on earth would you sell any bitcoin? I mean seriously, if you bought any time after mid last year there is no way you should sell any. Bitcoin goes through these cycles, building up momentum and peaking end of the year / beginning of January just to "crash" two or three weeks before Chinese New Year and then pick up again after CNY and outpace the end of year / beginning of January peak. This happens every single year. So never ever sell any BTC in the first half of the year - unless its beginning of January... But between Feb and August its not advisable to sell at all!

If you need some quick money? Other than that, some people may hodl to hopefully have a lot of money sometime down the road, some are happy with selling off some of their coins every now and then to increase their income. Everybody has different motivations and one is not necessarily better than the other.

[bohr]

So true, if a neophytes invest even a small amount of money.He tries to make quick profit in shortest time, and keeps on checking the price.
Maybe we can consider this as a reason for bearish trend.
Even a 1% drop, causes them to panic sell.Inflating the supply, thus dropping the value even more.

If only they could learn to have patience and hodl whatever they own.So that everyone goes in profit(Except the buyers of course XD).
So don't be that fool.Hodl until you make profit!!

Newbies panic for everything but at the same time we must understand them a little, the recent drop in the price of bitcoin was not 1% it was a huge crash, even as a holder and someone with more experience I was still somewhat worried about what was happening, if that happened to me and several other members then it is understandable the newbies were panicking with what was happening and sold their bitcoin for a bad price.

[Bkjones]

Hey i am Bkjones  ! Here anyone want quick money , some people hold Bitcoin for alot of money some people in loss because of crashing in Bitcoin value it some are happy . So everyone have many problems.

[Saritamo]

If you bought bitcoin to keep it for a long time then just do it. Do not make the mistake of looking every 5 minutes. If you are a trader then do not make your mistake do NOT look at every 5 minutes.

[Jeremiesaranza]

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

No,im not checking NYC every  minute just wait and don't into tush or panic because when you are checking it every minute your are in the stage of panic

[colmenajose]

I think you do not must be reviewing bitcoin every five minutes, as it will have ups and downs in the time. What must be understood is that it is a very strong cryptocurrency and that in the future it will have a much higher value than the current.

[Doni Ariyanto]

Yes, it is true. Seeing Bitcoin every minute or every few minutes tends to make us more panicky and sometimes make a decision to sell the bitcoin they have. I see bitcoin only once a day when it is morning.
But I'm sure bitcoin will recover in the next few months.

[yana0901]

I, for example, invest in investments. But I do not look every five minutes for a profit. it is more interesting to look in a month and see quite different figures

[mai2mai]

People do this? Really? Nothing to do more?
I watch the price only while trading in 2-3 hours period. If i trade in weeks I have alarms and put orders in advance. If I invest...I just don't care

[shezu007]

I think that is good if anyone want to keep itself updated from the price of bitcoin because if they are doing quickly selling and buying then every minute is important for him because price of bitcoin is change after short duration so in 5 minutes price can be up and down so effectively. So keep updated from price is the main job for that type of traders.

[bernashka]

Yes, I understand that this is a mistake. But I can not sit still and therefore I constantly keep track of the bitcoin course.