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

[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!!

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[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.