Don't start your day by checking the price of bitcoin in the morning.

[CryptopreneurBrainboss]

Many investors get addicted to checking the price of bitcoin first thing in the morning whether it be they're semi-holders or HODLERS (aiming to hodl for a very long time) . I read somewhere in respect to the stock market stating that, 'many investors day is determine by the price of his/her investment, leading to a great start if the price is up and bad start if price is down", because they checked the price of their investment first thing in the morning.
Although this information was based on the stock market, I know it also occurs in the Crypto market therefore I decided to give this advice here to benefit members of this forum, "avoid checking the price of bitcoin immediately you wake up in the morning, by so doing you're subconsciously programing your brain to response based on the price of bitcoin daily and these isn't good for your health. there's no gain in having wealth without health because health is wealth.

Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.


Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

Edited: advise is for bitcoin not some shitcoin wanna be bitcoin, if you invest in any of those, please check them every 5mins for that big pump so you dump lol

Edited: feel free to drop your views on the following.
1: Can bitcoin be sent, received or traded (used) without the internet?
2:  Bitcoin 10 years anniversary, what good news are you expecting come 2019?

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[snipie]

Personally I check the price from time to time especially at the end of the day. In the morning I tend to see lower price. Of course this depends from the geographical location of the user but if you are just holding for the long run then simply check the price biweekly.

[Maricel2017]

I think we cant escape looking bitcoin value every time we woke up in the morning, every time the sun rises and my eyes opened i grab my phone and look the value of coins i hold and my start with that, its also because i do day trading if possible even i see that my investment gained small amount of profit i do selling.

[Marcel666]

Some investors may be involved in some form of active trading, with bitcoin or possibly with alts. And as such they can't avoid coming across hmthe price of bitcoin regularly.
If a hodler is held up with other engagements, they would probably not have time to check up on their favorite investment.
Best to keep busy with work or recreational activities.

[bering]

Crypto market were never sleep because it was trade for world wide and to avoid missed the train then i think it's normal if people to do so although that's not good for our health but this is the risk we must accept when decide to became an bitcoiners and as far as i know crypto market price has been change almost for every minutes and it is nature if people wake up in the morning and checking the price because it can be good reference to them for further move

[richman3451]

I check the price during the day and before going to bed my observations show that the price changes in the afternoon

[btc_angela]

I'm not a active trader right now, just lurking around so I haven't done any checking of the price specially when I woke up. But I remember that as traders we shouldn't be emotional right? So if ever you see the market crash in the morning then you it should not affect you but at least try to digest what happened in the past 24 hours.

[coinwizard_]

For day traders it is important to check it early otherwise they can miss the run of the day. Bull runs move quickly so if they don't buy early they can miss out on major profits

[dothebeats]

Checking bitcoin prices too often promotes anxiety and mental stress, especially if you are invested and you are relying on bitcoin to make up most of your money. Best thing to do to avoid such is to just keep yourself busy and do things you need to do in order to distance yourself from checking the price. Seriously, there's no need to always check the price if you're not a full-time trader since the price will only give you anxiety and you can't do something about it, as you only hold coins, not toss and turn them.

[player1001101001]

If the person is day trader it has to check the price because it's their work but if it makes the investment then it does not need to check the price on the regular basis.

[gezhid008]

I'm used to checking the price of bitcoin every day, which has become a part of my life. I don't think there's any good way to change that, because I'm addicted to investing in bitcoin.

[blockman]

Good point and it can be applied to us. I do check the prices everyday not only for bitcoin but for the top 100 on CMC. But the good thing here is I'm endured with what I'm about to see. If the market is green then my day's going to be better but if I see numbers full of red then I'll just react like "just like the typical red day" which is normal to me right now. Where have you read that?

Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.

Avoid looking at the trackers, this is the first move that he has to do but if he can't resist it set a plan and schedule of doing everyday routine like exercise.

[bakermaker123]

Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.

I once have this routine that I checked bitcoin and ethereum's price first thing in the morning because I am a HODLER of these coins. However, I realized that yes, it is not good because whenever I see that the price becomes lower, I feel bad for the rest of the day. What I did to overcome this is I started to be busy with other things too.  Then I put a mark when I am going to sell my coin so I will not be obsessed on checking the prices from time to time.

[GavenJack]

and what's wrong with this "addiction"? money loves the account, as one old wisdom says! And in general, the cryptocurrency market is not famous for stability! Therefore, I recommend holders and investors to check the value of their investments more often!

[Ruffian1314]

I agree to this and this is a fact because most of my crypto friends including me is doing this and were guilty but not to the point that we are very addicted in doing this stuff. For me personally, it is a good thing for traders who need to monitor the price but for someone who are not and the one your refering hodlers that will hold for a long time is not a good habit. I suggest that they uninstall all the crypto apps even their folio.

[yazher]

he need to adjust his daily life activities and if he cannot change it. seriously he need to ask a psychiatrist  for a counseling because it is now become a serious matter to him. if he cannot avoid this kind of act it surely make him stress on his everyday basis. before that happen he need to go to check up.

[mu_enrico]

This kind of topic is already questioned and answered multiple times on this forum
https://bitcointalk.org/index.php?topic=2247559.0
https://bitcointalk.org/index.php?topic=5037362.0

By the way, I agree that this kind of behavior is useless. Bitcoin price won't be affected by your activity.
Just check it if you want to sell your assets, otherwise just "forget it."

[xena2]

I think we cant escape looking bitcoin value every time we woke up in the morning, every time the sun rises and my eyes opened i grab my phone and look the value of coins i hold and my start with that, its also because i do day trading if possible even i see that my investment gained small amount of profit i do selling.

And It will be glad if you wake up in the morning that the price of bitcoin goes to the moon. It will be like your are in a deep sleep and dreaming <3 . That would be great to wake up and feel happy about it. But in reverse it is like a nightmare (but not really). We know bitcoin and the trust will never fade.

[OSEIBOATENG]

Checking Bitcoin price is very interesting to me because I know where my investment is moving to. I make sure I check it early in the morning and also when going to bed and it gives me hope that better days are yet to come.

[giantrobot]

This is an interesting idea. However, there are some who consider the examination of Bitcoin prices each morning as their breakfast, indispensable. If not checked they will feel very upset. Having a friend of mine on vacation, he promised to quit his job for a few days to rest, but he kept checking Bitcoin prices every day as a hard habit to give up.

[1NV3ST0NM3]

I've really heard many people saying that don't start your day by peeping into your phone for you may spoil your entire day because of any bad news that pops up in the early morning. But I don't go by this logic. Because sooner or later you have to face the truth. So it is better only to let things go and not let such things have a deep impact on your mind. It is only your self control that you can exercise in case you have to face the harsh realities of life. So obviously if the price drops and you know that, try to explain your mind and have a control over your mind. Instead of spoiling your entire day or whatever!!

[blocklancer8]

This is what I experienced with the world of bitcoin, when prices stabilized at high prices the thing that happened to me was always to see prices to quickly buy or sell, but this year where bitcoin prices were stable in numbers not high I tend to ignore them. Maybe only 2 weeks, sometimes I see the price and I hold the coin.

[redbullusa]

Being addicted to the daily price of bitcoins will affect the psychology and beliefs of bitcoin, the unstable bitcoin market will make you anxious and that will affect your investment. Instead of every morning, you Check the bitcoin price you can watch the news or radio to capture the world market situation.

[mohammedmattar]

Many investors get addicted to checking the price of bitcoin first thing in the morning whether it be they're semi-holders or HODLERS (aiming to hodl for a very long time) . I read somewhere in respect to the stock market stating that, 'many investors day is determine by the price of his/her investment, leading to a great start if the price is up and bad start if price is down", because they checked the price of their investment first thing in the morning.
Although this information was based on the stock market, I know it also occurs in the Crypto market therefore I decided to give this advice here to benefit members of this forum, "avoid checking the price of bitcoin immediately you wake up in the morning, by so doing you're subconsciously programing your brain to response based on the price of bitcoin daily and these isn't good for your health. there's no gain in having wealth without health because health is wealth.

Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.


Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

Great advice
I see that novices always do this and spend most of their time checking prices
This will continue for a while and then they will know that life is bigger than crypto
Your morning is wonderful.

[Zrs]

 I am not regular trader but still I check the price daily. For daily trade and for sort term trade, it is important to check the price frequently. As I am not that kind of trader, I will follow your advice.

[Redenom]

I think there is nothing wrong on checking in the morning, on professional investor brain is not having any impact, as they need to know what strategy to use for the future investments.

[talkbitcoin]

Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

day traders don't need to do that either. not exactly at least.
if someone feels the need to check the price every moment because he is afraid of what has happened then it means that person is not familiar with the market so he is only gambling and wishing for the orders to not go wrong.

[zazarb]

Many investors get addicted to checking the price of bitcoin first thing in the morning whether it be they're semi-holders or HODLERS (aiming to hodl for a very long time) . I read somewhere in respect to the stock market stating that, 'many investors day is determine by the price of his/her investment, leading to a great start if the price is up and bad start if price is down", because they checked the price of their investment first thing in the morning.
Although this information was based on the stock market, I know it also occurs in the Crypto market therefore I decided to give this advice here to benefit members of this forum, "avoid checking the price of bitcoin immediately you wake up in the morning, by so doing you're subconsciously programing your brain to response based on the price of bitcoin daily and these isn't good for your health. there's no gain in having wealth without health because health is wealth.

Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.


Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

And why checking the price of bitcoin in the morning should be a bad habit? After all, this is a very organic and actionable act for every human being. After all, the fluctuations in the Bitcoin price have an effect on the investor's future. Therefore, I find it helpful to track the price and respond to changes in a timely manner.

[trader_999]

I am not regular trader but still I check the price daily. For daily trade and for sort term trade, it is important to check the price frequently. As I am not that kind of trader, I will follow your advice.

I have stop with checking the price of crypto on daily basis. Sometimes its a just a waste of time while you are not a daily trader. For long term purposes I have setup a mobile signals of price movement in both sides.

[Pursuer]

checking the price every day is not a wrong/bad thing for anyone. you are checking to see what is happening in the market. specially when it comes to bitcoin that has a pretty volatile market from time to time. so you need to stay aware of the situation that is possibly shaping up. and being a new technology or currency means checking the price regularly is not a bad idea.

BUT it depends on why you are checking the price. if it is for the reason I explained above in a summary then it is ok. but this is not always the case. we have many who are just afraid of everything and lose their sleep over thinking market is volatile and they are going to lose everything they own! so they panic-check the price and that is not a healthy action.

[Kaan53]

Need to start with Bitcoin coins to be invested to be followed so that we have a gain in the morning or evening Bitcoin needs to be followed.

[Eraldo Coil]

I don't do this every morning for about a month but now i think the best thing to do is check it every time i have free time. Like i know bitcoin price movement is not that very predictable but I really think that one day in a couple of minute its price will increase very high and then go back to its average price. So i am taking the risk of wasting my time.

[audaciousbeing]

Many investors get addicted to checking the price of bitcoin first thing in the morning whether it be they're semi-holders or HODLERS (aiming to hodl for a very long time) . I read somewhere in respect to the stock market stating that, 'many investors day is determine by the price of his/her investment, leading to a great start if the price is up and bad start if price is down", because they checked the price of their investment first thing in the morning.
Although this information was based on the stock market, I know it also occurs in the Crypto market therefore I decided to give this advice here to benefit members of this forum, "avoid checking the price of bitcoin immediately you wake up in the morning, by so doing you're subconsciously programing your brain to response based on the price of bitcoin daily and these isn't good for your health. there's no gain in having wealth without health because health is wealth.

Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.


Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

Whether you check early in the morning, late at night, maybe during the night, it still does not change anything. Only a newbie who is so anxious and not ready to deal with the factual nature of the crypto market would be carried away with the checking of prices every now and then.

Its high time people started to believe that there is no magic anywhere. The underlying reason why someone would be so engrossed with the price of bitcoin is if you are expecting a magic to happen. You want to invest today and expect $500 increase in its price the next hour or the next day. If that is not outright greediness, I don't know what else it can be called. Sometimes when I trade, I buy then put up a sell order to my estimated profit most times this estimated profit is not something I expect to be achieve within the hour and I just lock up on that to come few days later to see how far or better my coins have done. I could have made more money by monitoring the dynamics of the market but I chose to be contended with the profit I have set for myself which every trader should do and with that, you get to have peace of mind.

[eternalgloom]

--snip--
Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.


Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

And why checking the price of bitcoin in the morning should be a bad habit? After all, this is a very organic and actionable act for every human being. After all, the fluctuations in the Bitcoin price have an effect on the investor's future. Therefore, I find it helpful to track the price and respond to changes in a timely manner.

Yeah I also don't really see anything wrong with checking the prices every day. I certainly wouldn't call it an addiction, since it doesn't cause you any harm.
Even if you're not a day trader, it's always a good idea to check the prices often.

I mean even as a long-term investor you might want to take some actions in case of a sudden price shift.

[ambisyon]

I usually checked the btc market everyday starting in the morning, afternoon and in the evening just to be updated all the time with the crypto market. It's good to know the current market condition to be aware of what's been happening and to know the market trend direction. At least you will know what to do with your investment and with this situation, investors should analyze the current market condition and do the appropriate thing.

[TobiasVR]

investors may check every day just to see the current situation about bitcoin, because now bitcoin has price movements every day experiencing a decrease or increase. but that does not affect investors even though checking every day without making a sale or purchase.

[Chicksteen]

This is an interesting idea. However, there are some who consider the examination of Bitcoin prices each morning as their breakfast, indispensable. If not checked they will feel very upset. Having a friend of mine on vacation, he promised to quit his job for a few days to rest, but he kept checking Bitcoin prices every day as a hard habit to give up.

I think it is not bad to check the price of bitcoin every morning just accept the fact that the price is volatile and you cannot expect to much from it to increase the price. It is good to start your day knowing first what change it has on the market for the night. I am also do the same but I do not disappointed on every result and change of price but take it positively by buying some volume at that price when it is lower.

[Nicholson55]

I don't think it's about changing the habit - realistically speaking, people are likely going to continue with the behaviour - however it is about responding to it. I think people have to try and respond differently - check the price and if it's down, don't let it ruin your whole day and if it's up, be happy but don't then go and do something foolish because of it. It's about managing emotions and expectations (easier said than done, I know)

[Sadlife]

Some of us needs to know and look for the current price especially if you're a swing trader who is waiting for an uptrend in order to sell your assets an rebuy when the price goes dip. It's not that we want to look at the market price everyday. We look at it because we need to know.

[Choyor]

Seeing or checking prices or market charts I think is important If we invest short-term, but other things if long-term investment, we can see it in just a few moments.

[Mpamaegbu]

Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

Whether traders or investors, this advice is easier said than done. The reflex to always take a peep in one's object of interest shouldn't be seen as a bad practice. This is normal and people should indulge it if they so desire. I used to be caught up with that anxiety in the past but I am a bit relaxed now checking it. This is a beginner's undoing most times. For instance, there was a time one could check price and felt it was going down only to sell off and price rebounds to a higher high. But if one didn't anxiously check it at intervals one wouldn't exit the trade at such a time.

[Slow death]

[...]

I'll give an example of my case, when I wake up I check the prices of bitcoin and altcoins and check more than 7 news channels, I do it every day. then I do my things in real life, but always following the prices of bitcoin, altcoins and the news. But why do I do this? I do not do it for vice, I do this because my money is at stake and the cryptos market moves based on the news, and it is possible that an altcoin that has a price of  $100 falls to the point of having the price of  $3, You should have seen the case of bitconnect.

Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

 

For day traders it is important to check it early otherwise they can miss the run of the day.

Dude, this does not just have to do with day trade, have you seen how many ICOs become a scam every day? Have you seen how many altcoins fall a lot in price from one hour to another because Dev is a damn scammers? Are you going to invest in an altcoin and stay relaxed to the point of not keeping up with prices every day? even bitcoin can fall a lot in just hours. this is a market that forces people to keep up with prices all the days.

I think we cant escape looking bitcoin value every time we woke up in the morning...

I agree

[larrylegend33]

Actually its something that i never want it but usually when i get up in the morning i am checking it from coinmarketcap. Many times i told myself don't do this but i always do.. Ones i kept my word and didn't look to marketcap or my wallet for 2 weeks and i had very big lost that time. One of my coins went up like %300 and i  couldn't see it and could make lots of money. So yes i am looking it because i have to otherwise i can loose it again.

[bitfocus]

as a Long Term Holder, i dont act like everyday traders about my BTC. I am gonna hold my BTCs for a decade at-least.

[Toukexx99]

Many investors get addicted to checking the price of bitcoin first thing in the morning whether it be they're semi-holders or HODLERS (aiming to hodl for a very long time) . I read somewhere in respect to the stock market stating that, 'many investors day is determine by the price of his/her investment, leading to a great start if the price is up and bad start if price is down", because they checked the price of their investment first thing in the morning.
Although this information was based on the stock market, I know it also occurs in the Crypto market therefore I decided to give this advice here to benefit members of this forum, "avoid checking the price of bitcoin immediately you wake up in the morning, by so doing you're subconsciously programing your brain to response based on the price of bitcoin daily and these isn't good for your health. there's no gain in having wealth without health because health is wealth.

Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.


Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

Edited: advise is for bitcoin not some shitcoin wanna be bitcoin, if you invest in any of those, please check them every 5mins for that big pump so you dump lol

yeah maybe that can happen to the people who have been holding bitcoin since last year. I have experience that checking bitcoin every hour every minute and every day to see the bitcoin market.
every day I experience anxiety whether I have to sell it or hold it back?
will the price go up or down?
but for now I just have to wait until bitcoin reaches the top again.
it's true that you don't check Bitcoin prices every time, it will cause you to experience stress.

[letsfly]

I agree with not checking the price of bitcoin in the morning , specially when you wake up. It might ruin your day. Check it maybe in the afternoon when your day is about to end. Also dont check it before you sleep or you might not be able to sleep hehe

[Lite1992]

Checking the price I think is necessary when you decide to buy Bitcoin. Then yes, it is worth seeing, suddenly in a few days it will be in a drawdown. And so put an order for sale and wait. When bitcoin is sold, I think you will find out

[Thor....]

 I check the price daily. For daily trade and for sort term trade, it is important to check the price frequently. As I am not that kind of trader, I will follow your advice

[spadaccino]

Really bad routine to do. I also suggest you never check before 5/6 months either; the infalction it has in these days it'a just something incredible so if you suffer from heartbrake or something this is not your game mate. Choose for changing the world and privacy about protect yoursef from govs, agency and coorps. You have the duty and the possibility to do that: choose to protect yourself before everything. Go privacy

[dablatair]

Hello,

I personally look from time to time now that I understood that it will not change something to look every 5 minutes ! Except for the traders of course.

At the beginning of my invest, i did this and it is really better now to don’t worry.

[jekquenkinkas]

I see the price of bitcoin every morning, hoping the price starts to improve so that what I invest gets profit and makes the mind comfortable because our assets are not reduced,
may be different from those of you who have good mentality as holders.

[conected]

I am not regular trader but still I check the price daily. For daily trade and for sort term trade, it is important to check the price frequently. As I am not that kind of trader, I will follow your advice.

I have stop with checking the price of crypto on daily basis. Sometimes its a just a waste of time while you are not a daily trader. For long term purposes I have setup a mobile signals of price movement in both sides.

- Although we may not be a day trader but I still think that checking the price of crypto or bitcoin every day is a good thing, it is not a waste of time as you think, it is very useful and serves a lot for investing and trading. Many people always think that checking in the morning will affect the mood of the day, it may be right or wrong depending on one's thinking but we should think about the case if we do not check the price per day, we will not know the volatility and movement of the market, and that makes us very passive and has no plans for different situations, so if you want that to not happen, check the price in the morning then you can be comfortable and think all day

[BitBay*]

I check the price during the day and before going to bed my observations show that the price changes in the afternoon

More likely it depends on the Country you live in. For some people during the day means during the night for the others.

Obviously, day traders should be always updated with the price and see the movements that are happening, however, investors who're holding Bitcoin for the long term shouldn't be worried about the price that much and checking it every hour or so. It's more important to know what events around the world are happening and what could have an impact on the price of Bitcoin.

[Sultanar484]

I am not fully agree with you. I check price of my Bitcoin and other coins  regularly or 2-3 days later from coinmarketcap. This haven't any impact on my daily life but it helps me to think and find out new idea about my investment.

[mmo_online_1981]

I often see the price of bitcoin and altcoin every morning when entering the internet. It has become a habit but probably not suitable for long term investment!

[rosepetals]

Many investors get addicted to checking the price of bitcoin first thing in the morning whether it be they're semi-holders or HODLERS (aiming to hodl for a very long time) . I read somewhere in respect to the stock market stating that, 'many investors day is determine by the price of his/her investment, leading to a great start if the price is up and bad start if price is down", because they checked the price of their investment first thing in the morning.
Although this information was based on the stock market, I know it also occurs in the Crypto market therefore I decided to give this advice here to benefit members of this forum, "avoid checking the price of bitcoin immediately you wake up in the morning, by so doing you're subconsciously programing your brain to response based on the price of bitcoin daily and these isn't good for your health. there's no gain in having wealth without health because health is wealth.

Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.


Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

Edited: advise is for bitcoin not some shitcoin wanna be bitcoin, if you invest in any of those, please check them every 5mins for that big pump so you dump lol

I think everyone of us keep looking on the price chart of bitcoin because we wanted to be more aware on the current movement of bitcoin in which we all been waited for... most especially these days.If we are going to look back the chart of 2017 October bitcoin have started to pump up.I think everyone was just excited to see of bitcoin would surpass that moment or just stay its value just the way it was.

[bitcampaign]

it looks ridiculous but unfortunately I only see prices at night when I want to fall asleep, because it helps me to fall asleep well, how can you think it's not good to see prices in the morning because every hour is the same

[xtn]

BTC

Bitcoin price won't change if we start each morning by a btc price check, if we are a real hodler we don't have to care about bitcoin daily price change, if it's bull or bear I don't care"

BTC

[absurde]

I think this is something addiction like using mobile phones, you can not control yourself for checking your phone all the time , same as BTC .

[dimiinx]

Personally I check the price from time to time especially at the end of the day. In the morning I tend to see lower price. Of course this depends from the geographical location of the user but if you are just holding for the long run then simply check the price biweekly.

I always check in the morning, usually the price is stable rather than early in the morning because the server may have to update it on time, I am honest, I check it at 5 am at dawn and the results must be stable, in my opinion

[pawanjain]

Many investors get addicted to checking the price of bitcoin first thing in the morning whether it be they're semi-holders or HODLERS (aiming to hodl for a very long time) . I read somewhere in respect to the stock market stating that, 'many investors day is determine by the price of his/her investment, leading to a great start if the price is up and bad start if price is down", because they checked the price of their investment first thing in the morning.
Although this information was based on the stock market, I know it also occurs in the Crypto market therefore I decided to give this advice here to benefit members of this forum, "avoid checking the price of bitcoin immediately you wake up in the morning, by so doing you're subconsciously programing your brain to response based on the price of bitcoin daily and these isn't good for your health. there's no gain in having wealth without health because health is wealth.
Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.


Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

Like seriously ? I know the fact that sometimes checking the price daily might lead to anxiety and blood pressure but the statement you made "day traders don't live long" is a very bold one. Not all day traders develop this habit and not all day traders develop blood pressure or so.

I am not a day trader yet I keep checking bitcoin's price first thing in the morning but I don't take it so seriously because I know that these fluctuations happen on a daily basis and even if I am in a loss, I will definitely get a chance to recover it.

[Kprawn]

The thing with this impulsive behaviour to constantly check the price, stems from the consequences from last years spike in

the price. A lot of people are anticipating a repeat of last years performance, so they constantly have to check the price to

see when the push will come. My advice is to accept that Bitcoin is unpredictable and that it does not follow a specific price

history and once you accept that, then you will not constantly have to check what the price is. (Once a day, will be enough)

[Zooplus]

I am not fully agree with you. I check price of my Bitcoin and other coins  regularly or 2-3 days later from coinmarketcap. This haven't any impact on my daily life but it helps me to think and find out new idea about my investment.

If checking the price helps you think and find out new ideas about your investment then it has impacted in your daily life but in the positive way. Don't forget all humans aren't the same so majority are affected negatively by so doing

Yes.I think it's our own choice if we want to monitor the btc price as often as we can but since the market is not doing definitely good at this moment,so we have to be responsible too to control our emotions not to be totally affected by the negative price.At the end,we still do what we are comfortable of doing.

[bangkecol]

Actually, it's not very good if investors see that the price movements every day will affect the psychological trading and management of the investor itself, but there are 3 classes in the trading session which must be considered, this might represent the investor.

1. Short Term
in this category, the short term is classified as only using trading with a fairly short term, usually classified in just a few hours.

2. Intraday
in this category, traders will usually use trading hold up to 1 day or a fairly long period of 1-3 days and it will take time to see the analysis every day.

3. Long Term
in this category, traders are not recommended to see every day, usually in this condition, traders are more likely to HODL until the deadline for profit has been determined in a long time

[EdenHazard]

It's been a few months I decided to hold bitcoin, and I haven't intend to trade. I only invested for long term investment and it was grateful because I bought bitcoin at a price of $6000. Therefore, I am not dependent on seeing the price of bitcoin every day, even more with what you said 'seeing the price of bitcoin after waking up' it will not give an effect to change investments and choose trading.

[Crafts12]

Personally I check the price from time to time especially at the end of the day. In the morning I tend to see lower price. Of course this depends from the geographical location of the user but if you are just holding for the long run then simply check the price biweekly.

I think it is okay and normal to check the status of the price of the bitcoin particularly if you are holding some and just waiting for it to exchange or sell. Looking at the price first thing in the morning will mitivate you or not. It will be your motivator to continue to work hard and pursue some. Being aware to the current price is a good thing because you now when is the right time to act.

[Sam San]

Personally I check the price from time to time especially at the end of the day. In the morning I tend to see lower price. Of course this depends from the geographical location of the user but if you are just holding for the long run then simply check the price biweekly.

I always check in the morning, usually the price is stable rather than early in the morning because the server may have to update it on time, I am honest, I check it at 5 am at dawn and the results must be stable, in my opinion

if there is a constant trade on the stock exchange, it is naturally necessary to track positions and place orders depending on the market situation. if you just frozen on the wallet, you can not check.

[johnwest]

Nothing like that, I start my day with checking the prices of selected coins where I have invested and may invest in future. It may depress, sometimes, but most of the time I will be having a plan about what to concentrate in the day.

[Anish02]

If you're starting your day by checking the price of bitcoin and sometimes the price of it has decreases then it will make you unhappy and depressed. So you have to change this habit and check it at the end of the day if it is an investment, not the part of day trading.

[Mandarava]

This problem concerns a very large number of people. My morning also begins with the fact that I open my laptop and check the value of my assets. I do it even if I want to go to the toilet. First, I look into my laptop and then allow myself to do my other business. I think this is not quite normal. This is a definite addiction.

[bitcoindusts]

I personally believe that there is nothing wrong should a person start his day checking out the price of bitcoin, i think it is fairly normal, there's no addiction truth to that. I think addiction will be indicated by a constant checking of prices several times a day with frequency ranging in a matter of minutes only.

Additionally, the price of bitcoin only affects you so much if your maturity turns out to be sour and not fully ripe regarding the volatility of bitcoin's price. Otherwise, there's really nothing to worry much, you simply wanted to check how bitcoin is doing as you start your day and i find that cool. It's nearly the same as checking the weather forecast , you check it not because you hate the rain but to be smart enough to bring your umbrella with you when advisable to do so.

[tiktak89]

If you are a long term investor, then you really don't need to watch the value every day. The best advice I've heard - just buy bitcoin and forget about it, remember only a few years. Constant monitoring of the price only makes you nervous.

[aray80]

Reduce activities that trigger anxiety and make you stress, and adapt to market movements to strengthen confidence in investments that have been targeted for a period of time.

[clonely]

I was always on the phone last year. I was always following the prices. I'm more comfortable now. I set my stop loss and sales targets and set up alarms via blockfolio.

[Jahmal32]

Many investors get addicted to checking the price of bitcoin first thing in the morning whether it be they're semi-holders or HODLERS (aiming to hodl for a very long time) . I read somewhere in respect to the stock market stating that, 'many investors day is determine by the price of his/her investment, leading to a great start if the price is up and bad start if price is down", because they checked the price of their investment first thing in the morning.
Although this information was based on the stock market, I know it also occurs in the Crypto market therefore I decided to give this advice here to benefit members of this forum, "avoid checking the price of bitcoin immediately you wake up in the morning, by so doing you're subconsciously programing your brain to response based on the price of bitcoin daily and these isn't good for your health. there's no gain in having wealth without health because health is wealth.

Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.


Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

Edited: advise is for bitcoin not some shitcoin wanna be bitcoin, if you invest in any of those, please check them every 5mins for that big pump so you dump lol

I'm checking the price, but I'm not nervous. Because I don't have bitcoin. But there are tokens which in case of falling will be closed automatically by stop order. So everybody relax.

[BCTalkaccountforsale]

A good and useful advice for everyone. When investing in Bitcoin you should not regularly see its value daily as it will make your psychological instability. It's hard to avoid the bull market, but if you do not have confidence in the penny you invest in, it's likely to cause you to lose a lot.

[42K]

Checking the price of BTC in the morning doesn't mean it will reduce the price further buddy but to know whether the market is moving or not. I think its never a bad idea check the market early in the morning and even before you go to bed.   

[magnat7691]

It makes no sense to look at the price every morning, if you hold and can not influence the course of events.

[Phan Long]

For some people, checking Bitcoin prices every morning is a routine and important task every day, otherwise they will be upset. This may affect your psychology as Bitcoin prices go up or down.

[SunGod-1]

Research to the point of being comfortable in what you have put your money into, this will give you peace of mind to some degree.
Never use money that you cannot afford to lose.
Always think long term and the key word here is patience.
Delete all tabs, apps etc that waste time offering you current market fluctuations and portfolio updates. No amount of staring at price daily will do anything but give you “induced bipolar”.

[Ale75Opus]

Many investors get addicted to checking the price of bitcoin first thing in the morning whether it be they're semi-holders or HODLERS (aiming to hodl for a very long time) . I read somewhere in respect to the stock market stating that, 'many investors day is determine by the price of his/her investment, leading to a great start if the price is up and bad start if price is down", because they checked the price of their investment first thing in the morning.
Although this information was based on the stock market, I know it also occurs in the Crypto market therefore I decided to give this advice here to benefit members of this forum, "avoid checking the price of bitcoin immediately you wake up in the morning, by so doing you're subconsciously programing your brain to response based on the price of bitcoin daily and these isn't good for your health. there's no gain in having wealth without health because health is wealth.

Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.


Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

Edited: advise is for bitcoin not some shitcoin wanna be bitcoin, if you invest in any of those, please check them every 5mins for that big pump so you dump lol

Perhaps you are certainly right, but I probably cannot change my habits. For me, trading in this market is the main job, and for me it is very important to control the situation and control the prices of coins. Just in time, I stopped taking everything to heart and get upset about falling prices. Now I am more relaxed about everything and feel more confident when I check the price of Bitcoin in the morning

[yhan2x]

when i open my explorer ill browse and check the market price time to time. so i have an idea when i need to trade my coins.

[zazarb]

Checking the price of BTC in the morning doesn't mean it will reduce the price further buddy but to know whether the market is moving or not. I think its never a bad idea check the market early in the morning and even before you go to bed.   

You don't understand what I'm trying to say, I'm not saying checking the price of bitcoin is bad but the intention used in checking the price is what I'm concerned about. What if you check the price in the morning and it has dip making your capital reduced by almost 30%  it may end up making you to be sad the whole day which is not good and most time it leads to High blood pressure.

It's a psychological thing, if such things affect you so much, then you're not in the right place. Because every smart person who trades in this market understands that the price can not rise every day , so he does not care so much when he finds a fall in prices as he gets up.

[Market-desi]

if I have no day except investing in bitcoin and altcoin. and I almost every day and time always check the bitcoin and coin prices that I bought using bitcoin. because I really want to learn and pay attention to the bitcoin price chart

[qiman]

Well all depends on if you day trade for a living or if you want to grow a long term pension fund or wealth building activity. It is hard for those who own Bitcoin and trade daily not to look at the price but if you have made the commitment to invest long term, then looking daily in the morning might not be so important, unless of course we have a moon landing then you would want to press the sell button for that.

[Crypto Girl]

A lot of people are anticipating a repeat of last years performance, so they constantly have to check the price to see when the push will come.

And that reality still strike us, yeah some of us are silently hoping that one morning we will wake up that the price had reach new ath, we're actually waiting in vain tho. I don't think checking the price is such an addiction, as long as you're used to all of these pump and dump and you didn't easily sway by fuds then nothing can change on how you look the market.

[happy weblancer]

Checking the price of BTC in the morning doesn't mean it will reduce the price further buddy but to know whether the market is moving or not. I think its never a bad idea check the market early in the morning and even before you go to bed.    

You don't understand what I'm trying to say, I'm not saying checking the price of bitcoin is bad but the intention used in checking the price is what I'm concerned about. What if you check the price in the morning and it has dip making your capital reduced by almost 30%  it may end up making you to be sad the whole day which is not good and most time it leads to High blood pressure.

It's a psychological thing, if such things affect you so much, then you're not in the right place. Because every smart person who trades in this market understands that the price can not rise every day , so he does not care so much when he finds a fall in prices as he gets up.

And I like to look at CoinMarketCap every morning. If the price of crypto currency rises, I am glad if it falls, I think: it means that tomorrow it will jump! The market can't always be in the same trend, because it's the financial market!

[rosemary4u]

Personally I don't like checking the price of bitcoin on a daily basis, all that I do is to check at most every three days when am not actively involved in trading. The advice is great for hodlers, as you HODL, you don't really need to be checking the price that frequently as that might scare you looking at the recent state of the market.

[becklyn06]

The temptation to wakeup and have bitcoin price in ones mind is sort of inevitable especially with the volatile nature of the current bearish market but its just safe to get distracted with other things and only look up current price if you must. I read recently that bulls may take as long as mid 2019 to have their run.

[actueal]

LOL not only do I check the price of Bitcoin first thing in the morning, I also check the 1 day, 5 day, 1 month, 3 months, 1 year, 3 years, 5 years, max time charts; as if something will change in the past 

It's a superstition more than an addiction.

[DarkBullet]

This is so me! Haha! When I wake up in the morning, I immediately open my mobile phone and connect to the internet to see the price of bitcoin and other altcoins. This maybe an addiction but I always see it helpful specially if you are tracking the growth movement or losses of your investment. You can't actually resist not looking on the price of bitcoin early in the morning because the pump happens surprisingly and you might miss that opportunity that happens rarely nowadays.

[tegarp90]

Many investors get addicted to checking the price of bitcoin first thing in the morning whether it be they're semi-holders or HODLERS (aiming to hodl for a very long time) . I read somewhere in respect to the stock market stating that, 'many investors day is determine by the price of his/her investment, leading to a great start if the price is up and bad start if price is down", because they checked the price of their investment first thing in the morning.
Although this information was based on the stock market, I know it also occurs in the Crypto market therefore I decided to give this advice here to benefit members of this forum, "avoid checking the price of bitcoin immediately you wake up in the morning, by so doing you're subconsciously programing your brain to response based on the price of bitcoin daily and these isn't good for your health. there's no gain in having wealth without health because health is wealth.

Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.


Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

Edited: advise is for bitcoin not some shitcoin wanna be bitcoin, if you invest in any of those, please check them every 5mins for that big pump so you dump lol

bitcoin is worldwide and different side of the country has different timezone.
So, our morning is not the same i think.

[reverseflash]

If you are very nervous after seeing the price of Bitcoin, then most likely you do not need to practice cryptocurrency, otherwise your health will be very badly damaged. If you want to trade a crypto, or through a financial exchange, then train in yourself mental stability.

[lelylely]

They have their own strategies to benefit from Crypto. A trader of course will often check prices because actively checking prices will be more likely to make a profit. And if investment is certainly not too much to check prices, because to put profits they prefer for a certain period and wait for a better price increase.

[Nnedaddy1]

When I newly joined crypto,  I was used to checking the price of my holdings first thing in the morning. This singular act,  has a way of destabilizing my day.  So I stopped.
I resorted to checking prices during the day,  preferably at night.

I could say, I was not wired to withstand the price then because I was new to crypto.

[AlexKuprinov0402]

Many investors get addicted to checking the price of bitcoin first thing in the morning whether it be they're semi-holders or HODLERS (aiming to hodl for a very long time) . I read somewhere in respect to the stock market stating that, 'many investors day is determine by the price of his/her investment, leading to a great start if the price is up and bad start if price is down", because they checked the price of their investment first thing in the morning.
Although this information was based on the stock market, I know it also occurs in the Crypto market therefore I decided to give this advice here to benefit members of this forum, "avoid checking the price of bitcoin immediately you wake up in the morning, by so doing you're subconsciously programing your brain to response based on the price of bitcoin daily and these isn't good for your health. there's no gain in having wealth without health because health is wealth.

Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.


Edited: this is an advise to investors not day traders, findings have shown that day traders don't live long and majority of them develop High blood pressure over time.

Edited: advise is for bitcoin not some shitcoin wanna be bitcoin, if you invest in any of those, please check them every 5mins for that big pump so you dump lol

It's simple, the main thing is not to dwell on bitcoin and not to go to bed with the idea of how I spent the day (profitable or not). If you have lived this day and got a storm of emotions, then you should think about them. In the morning, drink a Cup of coffee, enjoy communication with your loved ones and only after you look at this, such an important exchange rate.

[mlsbd]

I checking coinmarketcap couple of times in everyday, i'm not btc holder so no need to checking btc prices. I have 26 different alt coins that is why i checking every few hours which coin price growing. But i think all crypto holder checking at least 1 time when wake up in the morning.

[Treasurer]

LOL not only do I check the price of Bitcoin first thing in the morning, I also check the 1 day, 5 day, 1 month, 3 months, 1 year, 3 years, 5 years, max time charts; as if something will change in the past 

It's a superstition more than an addiction.

I also often check the state of the market a month, 2 months, 6 months, a year ago, in order to compare it with the current state. And I don't see an addiction, because this is my work, I try to do it responsibly.

[pavka]

Similarly, you can advise not to watch the news in the morning, because they tend to be negative and will affect a person's mood throughout the day. In fact, it does not matter how often and at what time of the day or night you check the price of cryptocurrency, if it grows - you are on the rise, if it falls - you begin to experience negative emotions. This is the usual everyday life of any investor.

[lamthanh3462342]

I think that seems to be a habit of investors. Daily Bitcoin testing may be good for the green market but not as good as the red market because of the psychological fear of losing money. This may very well lead to Fomo that I know of. Your advice is a good thing for investors and very noticeable.

[FastSlots]

Thank you for your suggestion but you can't people stop seeing the Bitcoin price regularly. Because it's like a habit now, Whatever we are, investor, holder or traders, we can't escape from the bitcoin downtrend market! So, I don't see any problem by checking the bitcoin price every morning, because we are habitual by seeing bitcoin low and high price.

[JPSelzer]

Many people have a habit of checking the price of their investments. I often check the price myself. But I try to fight against it and to put certain limits for myself. For example, no more than 3-4 times a day. Bitcoin is even rarer, because it is a long-term investment and there is no need to check its price often.

[cxmyifan16]

I think that you need to follow the trends and to be aware of the btc price both in the morning and evening daily if you are waitig for the chance to sell coins at a higher price and to become rich

[NavI_027]

Question for viewers, if an investor is struggling with this addiction (checking the price of bitcoin daily), what steps do you suggest he uses to overcomes it.

In my case, I don't have to overcome anything at all because I'm not a so called "addict" but for those who struggling then don't worry too much. There is nothing bad if you're very conscious about the market price because it's natural for an investor. But if you're addiction is up to extent that you check the market price every minute despite of being a hodler only then you now have a psychological problem (probably an OCD). Consult thr doctor.

Edited: feel free to drop your views on the following.
1: Can bitcoin be sent, received or traded (used) without the internet?
2:  Bitcoin 10 years anniversary, what good news are you expecting come 2019?

If I'm not mistaken, what you are doing is you advertise the other topics you made. This is my first time to see something like this. If I were you, I will delete it since it is not mecessary at all .

[dlhezter]

Well all depends on if you day trade for a living or if you want to grow a long term pension fund or wealth building activity. It is hard for those who own Bitcoin and trade daily not to look at the price but if you have made the commitment to invest long term, then looking daily in the morning might not be so important, unless of course we have a moon landing then you would want to press the sell button for that.

I agree, we check the price of BTC to make our decisions in selling and buying stocks, It is a basic activity for traders who are in this type of industry, some of us are scared of losing profits but i think you will also earn from that, Seeing the move of a certain assets or coin will give you predictions and insights on its next price and value, by this you will overcome the stock loss and gain from it.

[Kez1817]

  I think checking the price from time to time specially in the morning is just a part of the game. In crypto you have nothing to look at first but the price. If you are investors of course you still need to monitor the price. Everyone in crypto are always checking the price,i think,because it will help someone if he need to hold for so long or it's time to sell and buy another coins to invest.

[vonnyaries]

i think its okay to check the bitcoin price in the market at the morning, it will more effective when the market down, and you have some asset in cryptocurrency you shouldn't check the price periodically i think you can check it once in 2 days, so you never join the panic sell gang hahaha

[Ale88]

I usually get hourly updates of bitcoin price, I like to know what's going on and if I survived the last 10 months (I mean, the whole 2018), I think I can keep going. I already understood that this year is gonna be terrible and I can't do nothing about it of course, so I am in peace with that. But I wanna know the price.

[mornabo]

LOL not only do I check the price of Bitcoin first thing in the morning, I also check the 1 day, 5 day, 1 month, 3 months, 1 year, 3 years, 5 years, max time charts; as if something will change in the past  

It's a superstition more than an addiction.

I also often check the state of the market a month, 2 months, 6 months, a year ago, in order to compare it with the current state. And I don't see an addiction, because this is my work, I try to do it responsibly.

there is nothing wrong with checking prices every day, especially if you are a trader it would be great to do a price analysis on the
market, unless you are a holder and you are people that easy to panic, it is certainly not advisable to look at charts too often

[JerryLucky]

Checking Bitcoin price is very interesting to me because I know where my investment is moving to. I make sure I check it early in the morning and also when going to bed and it gives me hope that better days are yet to come.

Me too. I can not stop checking bitcoin price every morning and before going to bed. It help me to have a peace of mind.

[peacetokenerc20]

Health is indeed good wealth, but healthy without bitcoin is also not good, as well as bitcoin without health is also not good, that balance is needed to respond to the rise and fall of bitcoin calmly and take all opportunities.

[maulana rifai]

i think its okay to check the bitcoin price in the market at the morning, it will more effective when the market down, and you have some asset in cryptocurrency you shouldn't check the price periodically i think you can check it once in 2 days, so you never join the panic sell gang hahaha

I personally don't see the price of bitcoin every day, because I have the intention to save bitcoin until the end of this year. I only focus on working the factory to earn income and usually after getting a salary I see the price of bitcoin if there is a capital I immediately buy and save so that my bitcoin savings are increasing.