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kateycoin
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April 16, 2018, 11:38:43 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
That's true if we always look the chart of bitcoin every minute it will bring you to panic to sell your coin, I look bitcoin price when I need to sell some of investment but it comes in bitcoin i don't sell it hold it till the price goes up. |
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unplug
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April 17, 2018, 04:38:07 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 also have that bad habit checking bitcoin price almost every 1 hour. And I can say that it's a bad habit because you always focus yourself on bitcoin and you get frustrated because your profit dont grow that much. But now I minimize checking it and try to pay attention to other things.. |
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cemburu
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April 17, 2018, 05:03:19 AM |
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Why do you recommend not seeing BTC every 5 minutes?
I think we should monitor it all the time.
Why?
Because we will have up to date information about Bitcoin price statistics.
If we do not often see Bitcoin price information, I'm afraid when there are a sharp decline and price increase we do not take action.
Conversely, if we often see, when the value of the price down we can buy Bitcoin. And when the price goes up we can sell it.
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quuyt4
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April 17, 2018, 05:09:53 AM |
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Of course don't look at bitcoins every five minutes, because it can make people panic and not suitable for trading.
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trry98
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April 17, 2018, 06:04:51 AM |
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Of course, don't watch it every five minutes. This is a mistake. This can easily lead to a panic.
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otunayode
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April 17, 2018, 07:31:00 AM |
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Looking at bitcoin all day is an habit that will continually ruin you emotionally. If you keep focusing on the price without considering other important factor that might be contributing to the value of bitcoin, you will sell to soon and ruin yourself financially.
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Galahad111
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April 17, 2018, 07:43:14 AM |
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It is very stressful to look at bitcoin price frequently. As bitcoin is a volatile currency, it fluctuates so much. News and rumours about bitcoin affect its price. So, looking at bitcoin price more often would cause you feel anxious.
In fact it is depending on your investment and interest, if you have invested a good amount of money in trading then you will surely check the bitcoin price regularly and frequently. To me whenever I invest a big amount of money in bitcoin then i really check the price from time to time, because we cannot say anything about bitcoin price and in fact anything can happen to bitcoin price in no time. You cant really avoid such thing specially when you invested big amounts and being worried will be there this is why we do actively check out on the recent progress either it goes down or your are profiting but actually this would be only good if you are doing shorting but if you are tending for long term then its not really needed on my side.Short term traders are the once who do made such moves. I don't think it is a good strategy. Tracking bitcoin price every minute will cause panic selling especially when they notice that the price is decreasing which can cause destabilization to the market. This is mostly do by newbies who don't know how the price movements of bitcoin before. True holders may check the movement of price every day but still stay calm holding their bitcoin and stick to their plan which had made them benifited before. |
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btcdevil
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April 17, 2018, 07:55:03 AM |
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It is very stressful to look at bitcoin price frequently. As bitcoin is a volatile currency, it fluctuates so much. News and rumours about bitcoin affect its price. So, looking at bitcoin price more often would cause you feel anxious.
In fact it is depending on your investment and interest, if you have invested a good amount of money in trading then you will surely check the bitcoin price regularly and frequently. To me whenever I invest a big amount of money in bitcoin then i really check the price from time to time, because we cannot say anything about bitcoin price and in fact anything can happen to bitcoin price in no time. You cant really avoid such thing specially when you invested big amounts and being worried will be there this is why we do actively check out on the recent progress either it goes down or your are profiting but actually this would be only good if you are doing shorting but if you are tending for long term then its not really needed on my side.Short term traders are the once who do made such moves. I don't think it is a good strategy. Tracking bitcoin price every minute will cause panic selling especially when they notice that the price is decreasing which can cause destabilization to the market. This is mostly do by newbies who don't know how the price movements of bitcoin before. True holders may check the movement of price every day but still stay calm holding their bitcoin and stick to their plan which had made them benifited before. This problem is faced by the day traders or the newbie who always watch the price as newbie wanted the price immediately and day trader wanted daily profit. This is why they almost make loss. |
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chocolah29
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April 17, 2018, 08:02:46 AM |
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Looking at bitcoin all day is an habit that will continually ruin you emotionally. If you keep focusing on the price without considering other important factor that might be contributing to the value of bitcoin, you will sell to soon and ruin yourself financially.
I agree that checking it's a force of habit like this was first thing to do in the morning and it's not easy to control it especially when cryptos had been part of your life. But yes, as we don't look at the price the more we won't panic but if you're a day trader this won't help as you're being vulnerable in volatility, though you'll have higher chances to earn more. |
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feelideb
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fLibero.financial
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April 17, 2018, 08:07:55 AM |
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I am definitely guilty of these and is not helping me to put my investment in the right perspective. I think the ease at which you can assess the market make it even more difficult. Bitcoin always perform well, monitoring every minute will not push the price up or down.
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piter_wip12592
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April 19, 2018, 02:22:25 PM |
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BTC is suitable for long term investment. So, checking price frequently make you confused and lose your time. there are many things have to do such as researching ICO projects, learning technical skills, checking the news in the market, working for bounty campaigns and so on.
I like what you are thinking . We should spend a lot of time researching good ICO cases. If you invest properly in good ICO projects then it will bring you great profits. And we should read the newspaper to find information and trends of the market to be able to invest in good. |
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kuncimobil
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April 19, 2018, 02:48:53 PM |
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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
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hieuho381
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April 19, 2018, 03:52:49 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
right. I appreciate your comments. I think we should not be too focused on looking at the price chart of altcoin. Be confident that it will be increased in the future and relaxed. Then we can look for a few new coins to invest in it. Do not focus too much on a penny, which will make your profits drop a lot. |
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mabell943
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April 20, 2018, 05:58:45 PM |
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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.
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dab000
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April 20, 2018, 06:44:25 PM |
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As for me, it's very stressful. When i buy some coin , i try to forget about trading after that and go to do different things.
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futuret
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April 20, 2018, 07:19:28 PM |
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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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Joriecoinbit
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April 20, 2018, 07:33:57 PM |
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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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noormcs5
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April 20, 2018, 07:55:26 PM |
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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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TTITA
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April 20, 2018, 08:10:12 PM |
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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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clonely
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SEND AND RECEIVE MONEY INSTANTLY
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April 20, 2018, 08:29:04 PM |
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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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