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DBronze98
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February 28, 2018, 03:05:03 PM |
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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 not a mistake, it is the trader's anxiety. When they decide to buy any Altcoin, they start worrying what will happen next with their investment. They started looking at it through the exchange web or CMC. |
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myworkstrade
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February 28, 2018, 03:08:57 PM |
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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 not a mistake, it is the trader's anxiety. When they decide to buy any Altcoin, they start worrying what will happen next with their investment. They started looking at it through the exchange web or CMC. Yeah right its not a mistake. I myself also experience this, its really hard for me those days the sleepless night and day of trading the bitcoin anxiety fever is really real. Now better stay away on your computer and just relax or anything or just turn off your internet connection haha. |
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lucian999
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February 28, 2018, 03:13:58 PM |
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For sure, I'm always looking at the price of bitcoin as it rises or drops, it's up to you at the top of your money wallet so you can watch it closely.
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kripto para
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February 28, 2018, 03:58:57 PM
Last edit: March 01, 2018, 12:58:50 PM by kripto para |
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This is what I used to do - look @ the price every few mins. Don't do it guys - will only do you wrong, just do your normal stuff and only look @ the price every 1-2 days or so.
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btc78
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February 28, 2018, 04:27:40 PM |
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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
yeah,this attitude will only brings you to panic or uneasy most specially when price is dumping..i use to do that wayback but when I realize that theres no need to do this,i stopped and from then i felt relieved..now i only checked my bitcoin once a day or sometimes i even forget it for a week because i am aiming for 100% income before i cash out. |
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speedy1987
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February 28, 2018, 07:26:42 PM |
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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. As you told no need to check BTC price every minute, Instead of checking every time we can use portfolio. If your going to do a trading better you can use this. It has option to set notification already for your expected price. Once you set the price, it will show the notification when it will reach that price. So do not worry about price pump or dump. |
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Shutup
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February 28, 2018, 10:02:46 PM |
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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 not to look out to bitcoin price in every 5 minutes because the time will be long for us to wait for the increase of bitcoin price. It really make us feel weak in monitoring for the price going up and down. We don't have nothing to do but to pray for it for the quick response to increase the price beggining this month. This is my only hope to be an instant millionaire for waiting time to pass by. Bitcoin is the only hope to meet my millions. |
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simpleholmes
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February 28, 2018, 10:10:56 PM |
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I have read somwhere that while trading and waiting for prices to increase you shouldn`t stare always at charts but make your purchase and go watch a video or drink a coffee, is is better for the mental health.
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Fatunad
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February 28, 2018, 10:11:39 PM |
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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 not to look out to bitcoin price in every 5 minutes because the time will be long for us to wait for the increase of bitcoin price. It really make us feel weak in monitoring for the price going up and down. We don't have nothing to do but to pray for it for the quick response to increase the price beggining this month. This is my only hope to be an instant millionaire for waiting time to pass by. Bitcoin is the only hope to meet my millions. Im not against on praying but this is totally irrelevant into this very volatile market.Since in the beginning when we do make investment we do know the risk on how the market moves if you do buy bitcoin for the sake of long term then seeing prices every now and then isnt really necessary since it would really give you a negative emotion when you do see declining of prices. |
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butcherme
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March 01, 2018, 02:15:03 AM |
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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 guess if it affects one's emotions in trading, then I guess the best thing to do would always be to not just look at the price. It is really difficult to see how the price of bitcoin is falling when one just invested in it. But, we all need to have faith in bitcoin that eventually, it will go back up again. So, we should all just have patience. |
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stefany101
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March 01, 2018, 05:27:38 AM |
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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! You have a point in this comment or post of yours. Some traders are getting panic of sellings their coins when they usually monitor the prices but I prefer to watch the prices at a long term trading. |
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KEPLER99
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March 01, 2018, 10:44:52 AM |
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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
Wat about every 6 minutes instead?  Looking at the market values of the coins which you are holding after every 5 minutes or so will not result in increase in the market value of that coin and cannot even help you in making of more money too. It is better not to take this thing that much seriously and try not to get panic by doing such kind of things. Just stay calm and cool and try not to make any foolish decision which can result in loss of money. |
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richkellj
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March 01, 2018, 01:45:50 PM |
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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
wow this is just a simply but valuable advice,as myself always checking price everytime i have a chance and right,i mostly tempted to sell on panic and that attitude makes me do such action,having this in my mind now will help me lessen the chance of thinking this kind of issues.thanks to you mate for this one Very valuable indeed. A lot of us are guilty of this. I am, so I am not exempting myself. I know it is hard to control sometimes, and even if you are not going to panic sell anyway, you would still want to check how the market is doing. All the above, I am not guilty of 5 minutes checking  as that is a whole lot, but at least 12 hours or daily is good enough. Anyone who understands the importance of what they are holding in the long term and how huge it is going to become, will really not bother much even when checking the price. It is very difficult to not check out the value of your asset when a big change is expected and it is also the hot topic around the world. Anyone who does not get scare by looking at the present stability of bitcoin and does not lose his faith in the potential of this digital asset, it is safe for him to even look at the price every minute but new investors who have little understanding of digital market, should avoid this practice for their own safety from loss. |
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PETES
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March 01, 2018, 03:38:02 PM |
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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
Wat about every 6 minutes instead? Lol! Maybe that will do. But seriously we can't blame ourselves for checking it often and this is the natural way our mind reacts to it and as traders this is all usual. However, when the market is in real bloodbath and it continued for days I'll just take a break from my blockfolio and just come back after it all subside besides I always prefer to long term holding. |
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longminh123
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March 01, 2018, 04:00:26 PM |
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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
Wat about every 6 minutes instead? Looking at the market values of the coins which you are holding after every 5 minutes or so will not result in increase in the market value of that coin and cannot even help you in making of more money too. It is better not to take this thing that much seriously and try not to get panic by doing such kind of things. Just stay calm and cool and try not to make any foolish decision which can result in loss of money. I am always calm when trading and always consider before buying or selling because all mistakes can be paid in money and when buying I always wait at least 30 minutes to be able to sell immediately because if the price increases I have profitable but if Crypto down I may consider buying more or waiting to buy at cheaper prices |
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Mokter
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March 01, 2018, 04:23:55 PM |
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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 do not agree with your opinion. The nature of the investment job is that you have to track the altcoin that you invest in them. If you are really scared of the ups and downs of the price you should not do this job. All the qualities required of an investor are dignity and perseverance. We can not let the profits go away in just one minute. You know, bitcoin can increase to $ 1500 in just 5 minutes. Therefore, looking at the cost of the altcoins in every minute is right. Awareness is good for trading, but extreme involvement is bad. Because each and every look after can create nervousness and panic. Therefore, look into the the trend. not into the ins and outs. |
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OuterTech
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March 01, 2018, 05:21:00 PM |
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LOL. It's the big mistake that new traders often make. It's not help anything, check BTC price all the time don't help it rise to the moon as they want, it's just make them feel more nervous and panic. I know how they feel when they bough ATH cause I was also the same when I was new trader. But for now I'm a holder and I no need to check the price daily or hourly  ) |
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jpaul
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March 01, 2018, 06:12:52 PM |
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That's so true, watching the price every few minutes makes us want to panic sell the second we see a sell wall or short dumping happening which usually recovers in the next few minutes.
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shield132
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March 01, 2018, 06:15:12 PM |
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It's easy to give "advices" when you look from outside but when you are in action, every moment is hard for you and your every action can affect you a lot. So don't say so easily to not look btc every five minute.
And to be fair, panic makes this coin worthwhile for trading/traders. I would call panic to prise rise because there is a big hope of rising and it rises, without this hope it wouldn't happen.
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Starone1
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March 01, 2018, 09:58:55 PM |
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LOL. It's the big mistake that new traders often make. It's not help anything, check BTC price all the time don't help it rise to the moon as they want, it's just make them feel more nervous and panic. I know how they feel when they bough ATH cause I was also the same when I was new trader. But for now I'm a holder and I no need to check the price daily or hourly ) I do agree with you because after investing in bitcoin once it is not needed to keep in checking the price very day because if the price is low it may discourage you not to invest anymore and if the price is a little high it will encourage you to sell it not to wait for more increase, so I think it is good to forget about your bitcoin once you invest or trade with bitcoin, at least for couple of year you should not look at your bitcoin, but during this time you can keep an eyes on the price through the daily posts of this forum or you can join the signature campaign as an addition source of income. |
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