Don't look at btc every five minutes

[jostorres]

We don't remove the fact that many bitcoin traders are really serious in tradiing and it is their lifestyle so many really tend to look at it as an update from time to time because it is their job, but i do believe that it is much wiser not to look for the value in just 5 minutes but in much longer time or so and be conident about it. So you may focus on other things to do not just in bitcoin, it will become stressful as well when you are timing yourself in looking.

Some traders constantly monitor the price of Bitcoin from monitors, in fact it is not often a good thing to take advantage of it. I also like to look at the price of Bitcoin constantly, there is no stress. That's why I can see your buying opportunities.

This might not be stressful for you because you have good control over your nerves and don’t get panicked easily but those who are new to crypto market, it is not good for them. Many people have quitted trading just because the fluctuations are depressive for them and they cannot concentrate on other things well when there coin is not performing well in the market. Veterans keep monitoring prices.

[fiomcorka]

Traders do that a lot not to find reasons to panic but an opportunity to grab, like when they say the price is down, they are waiting ING for someone who panicked and sell their BTC for them to buy it in lower price to trade it again someday...

It is a normal thing if you are a newbie here in bitcoin to see the price regularly, because looking at the picture really excites you so it is not a problem for as long as this will makes a positive side in their life, looking at the price should not be a problem unless you are too obsessed for it that you are seeing it always for no reason.

Knowing about market prices is better way to learn and observe new things coming in the market. Sometimes this change in price will pinch some predictor material in your mind and you started journey towards a suitable way leading to success. You may observe a regular or an irregular pattern from prices variably changing every other minute. So yes, keep an eagle eye over prices.

[AIRDROPSQUAD]

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 understand your point. But its little bit dilemma. BTC price sometimes can down or up around 30-100% within a few minutes.
Sometimes we cannot predict when the whales will pump the price.

[husencoe]

I think this is depend of what we take to trade. If we take to day trading, we must always stay to look the price and use analyze indicator with short time delay like under 1 hours. But if we take for long term, absolutely we not need to stay to watching coin movement and probably use long tie delay like 1 day above.

[Hordyyy]

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 sound like we want to check it every minute, dude. This is necessary to protect your invest from unexpected dump.

[Kambal2000]

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 sound like we want to check it every minute, dude. This is necessary to protect your invest from unexpected dump.

I understand if you are newbie and you want to check the price regularly because I've been there, I was once a newbie and because I was too excited to see the price, I can't help myself but to check it always, so it is just a normal for those newbie but if you are not newbie anymore there is no reason to do it unless you are a day trader.

[cepedacharles]

By looking at bitcoin in every five minutes will makes us stresses and cannot think of clear because sometimes we cannot control our emotion when the price is down. we cannot do another activity in our real life and only watching the price up and down without doing anything and if we do this for all day long, our tension will become higher and we cannot make a good decision to prevent the loss if we are a loss.

[yrreg ger]

By looking at bitcoin in every five minutes will makes us stresses and cannot think of clear because sometimes we cannot control our emotion when the price is down. we cannot do another activity in our real life and only watching the price up and down without doing anything and if we do this for all day long, our tension will become higher and we cannot make a good decision to prevent the loss if we are a loss.

Yes it is very sad and depressing if we checks on bitcoin price every time and then finding out how low it is. It certainly affects our emotion but when the price is good and is going higher we choose to sell. It's a good habit to develop because it will be helpful in being updated with the market trend but is also surprising. No one knows the exact time when bitcoin will be at its profitable, beneficial and helpful price but of course we can't just give up and sell it all even at low price. We need to have patience and I mean a lot of it when it comes to the price of bitcoin and all other cryptos.

[djsugar]

I totally agree with your point. I too get very restless and end up with a lot of anxiety because of the fluctuating rates of BTC and other coins. I wish I could get rid of this habit. The best option is to just leave the phone at home and go out for a ride or with friends. As long as the phone is in hands, keeping hands off the exchange chart is hard.

[gudrun]

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

You can see that the market is fluctuating continuously and it is difficult to predict, the prices of bitcoin and altcoin are continuously decreasing over the days and there are no signs of recovery. With such variation, so you have You should keep track of big time frames to accurately trace the day to make a commercial plan.

[Pasnik]

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 understand your point. But its little bit dilemma. BTC price sometimes can down or up around 30-100% within a few minutes.
Sometimes we cannot predict when the whales will pump the price.

Its kinda hard to check the btc price everyminutes to the fact that price went down and not fully recovered. Better invest into other coins that has the potential to grow. What I did was, I stop checking the prices for the meantime because I believe price can be recover this mid of the year.

[tiptopgemdotcom]

Checking blockfolio in every five minute doesnt change anything than making your crazy crypto enthusiast I always keep adding promising coin and tokens to my portfolio specially in down markets. Btc will explode one day big and that's the reason prefer to convert my bitcoins to alternative coins.

[bohr]

Exactly, This is a good proposal for not being afraid of this platform. When you see frequently the price of Bitcoin then you certainly get panicked about the price level. So if you want to save Bitcoin for the future purpose then you should ignore the price volatility. This is a regular scenario for this platform.
Just do believe that Bitcoin and other cryptocurrencies will recover soon and this platform will bring to you a lot of profit in the future. That's why don't lose your hope and keep in touch in this system for the future purpose.

Panic has a lot more to do with an insecurity in your investments than with looking at the price, those that panic and sell their coins for a bad price are the ones that invested in cryptocurrencies not really knowing what they were getting into so when the market drops like what is happening right now they do not know what to do and they prefer to sell thinking their investment will become valueless something you should not be afraid if you invested in a good coin.

[sachdientugoogle]

why everyone is panicking and running around spreading fud. feb 6th bitcoin reached a low of 6,048.26 that was a month ago not 5 years ago in august it was at half of what it is now at 4000 and in january it wasnt even a thousand so just relax and stop crying guys i promise it will get better. were not going through that tough of times guys just calm down and wait for the bull run.

[Faruque312]

lol, i look every time not 5 minute some times i look it every minute, and some times i look it every 2/3 hour. if you hold for long term then whats matter for looking btc every 5 minute.

[Images21]

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

Looking at the price every five minutes is a sort of a suicide if the market is very red. The first time you see that the market is red, you will probably just accept it as a normal occurrence in a fluctuating market. The second time you check and it is getting worse you will start to get disappointed because it even went lower. The third time you checked the prices again and they all went even lower, you will start to get depressed. This will go on and on until the prices are getting really low and your esteem is also getting lower and lower until such time you will have a very bad day and you will start to get easily pissed off by little yet friendly jokes by your friends.

And then you go to your room and start to check the charts once again and then all of a sudden you remember your father's gun inside your mother's closet and... Chill! This last paragraph is an exaggeration... that may come true if you do not heed the advice of the OP. 

[d1ceplayer]

The heading is not far from the truth of successful trading and investing of cryptocurrency.  It is like a farmer that planted a seed going to check if the seed is growning under the ground by constantly digging out the seed to see.  Would it ever grow!

Looking at the market value of the coins after every 5 minutes or so will hardly change the things as the market value will remain almost the same if you check it after every 5 minutes. You need to stay cool and calm and that you need to hold your coins as well as control your emotions by keeping yourself busy in different things so that you cannot think about the prices of the coins time and again.

[welliamy]

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

Relax beforehand for the ups and down
Just hold because the price is down now
And it also happens,wait for the increase
Gather first when the price is high sell well.

[dragon695]

i do not think that, you should check the price and information frequently to get news. But i dont agree with 5 minutes, it makes you confused and lose your time. Let's check 3 times/day.

[mware]

you are right. when we check btc every minute and see the price of btc down this makes us afraid to loss and want to sell it. but this will help traders who do daily trading, this will help what to do