A check on your wallet on daily basis can earn you some dollar

[Johnyz]

There’s no wrong about checking your wallet from time to time and I’m sure you are just doing this because you are waiting for something, probably waiting for a time to take profit or to buy more. Though if you are not a trader and still have no plan to sell your holdings then I believe its better to check your wallet once a day, this can lessen your stress and frustrations, as a holder its also stressful to wait longer so have your balance approach towards the market.

[Psynthax]

just put an alarm on these old shitcoins and you're fine, no need to check every day. there are many tools that gonna make your life easier.
I just think that these also exposes you to the risk of dealing with scam coins so you should know that if you don't pay attention enough you might lose your investments.

[dothebeats]

I wouldn't recommend anyone to check on their wallet everyday. This will be a cause for anxiety and you getting disappointed if there isn't any positive change on your account. What I'd personally do is check back every once in a while with no set dates, and just forget about if it's an alt that isn't really getting that much attention at all. The most important coins to look for are the big ones as usually other altcoins only follow the trend of these coins no matter the weather. Perhaps some small deviations here and there but ultimately, when btc goes up, almost every alt goes up.

[serjent05]

I will echo others' suggestions and advice that there is no need to check our wallets daily.  We just need to get a regular update on the price of our holdings and be ready to sell when our shitcoins got pump hardly.  I know the pain of missing out on updates and not being able to sell our shitcoins when they got pumped.  Being a trader, we need to know the price changes of our holdings since it is one of the SOP when we invest on shitcoins because these kinds of altcoin is very fast to get dump after it was pumped really hard.

[JeffBrad12]

such effort to check daily for the sake of something that rarely occurrs just seemed like massive waste of time to me.
no point checking daily since shitcoin usually could be rising even the liquidity might not be even there.
so whats the point of it rising in value if there is no liquidity to back it up its just like waste of time honestly, i'd just usually disregard all these coins.
no point at all dealing with them, moreover lately there has been many method of draining wallet. so someone must be careful.
moreover if the coin truly become massive, you'd eventually notice it anyway.

[Quidat]

I'm used to the habit of not checking my wallet for days especially when am not expecting any coin or token from anywhere even though I have some token on the wallet. Recently I just check the wallet after been abandon for days and I observed this with this token.
--

This token has done 3883217% in some days without me observing at all. Even though this was a rug pull but let assume it real that is how I'm going to miss out the great opportunity.


CONCLUSION
It's a good deal for one to check his/her wallet at least once in a day. This will help you to control the funds in your wallet. Old token may do good within minute, one can take such advantage to make good cash out of such forgotten token.

Totally giving out that kind of regret eh? This is the problem on having multiple wallets and knowing that the coins you've been holding wont really be that monitored from time to time.
I did experience such events on which it did really end up for me to miss out those profit taking opportunity which it might be able to earn more how many folds with my investment.
Totally give out that kind of feeling of regret and stress specially you do know that you had missed out that huge chance on making money but you do make it slip just because you havent
done any checks.

Sometimes these long wicks could be also a bug or something like that or someone do make out that wrong price order but basing on the experience on Binance, you cant really that
sell order unless if this one talks about futures but not really on spot trades. Crypto alert apps might help but most of the case they are really that left behind
anytime there's that sudden spike.

[Godday]

Those are shitcoins. There's no point in checking your wallet every day. Usually the insane increase is due to some indication of a hack or maybe a bot. If it's a legit coin then it's not going to change very much. I'm not going to waste my time checking my wallet every day because I'm sure if it's a legit coin then if today it goes up to 100% then in a few weeks it will drop between 10-40%. This means that there will be no sharp increases and sharp drops in the price of the coin.

[wiss19]

You are probably not a day trader or someone who is actively buying or selling cryptocurrencies or even collecting tokens by either bounties, airdrops, etc., because a person doing any of that would obviously have at least one check on their wallet every day, I used to have some Bitcoins in my wallet back in the day when the price of it was way lower than $60k, I used to keep checking the wallet every day to see if they are increasing or decreasing.

And I don't think that a person can actually get any time to buy and sell such tokens which go high in such large percentages because they can rug pull any time and you will lose all your money if you have made a purchase and it rug pulls and doesn't even let you sell your tokens even at a loss.

[LogitechMouse]

CONCLUSION
It's a good deal for one to check his/her wallet at least once in a day. This will help you to control the funds in your wallet. Old token may do good within minute, one can take such advantage to make good cash out of such forgotten token.

Well, if you know that the wallet that you own has multiple tokens or coins then I guess checking once or twice a day is a good thing.
However, if you have a wallet that you didn't use in any airdrops, or anything aside from that wallet being used as a storage for some top coins like Ethereum then why bother checking it for once or twice.

I have a wallet on Daedalus (Cardano), and Keplr (ATOM), and TBH, I only visit them once a week. Why? Because I don't expect any airdrop coins coming from them except for ATOM who gives free coins for those ATOM holders who are staking their coin. On the other hand, looking at your wallet on a daily basis might cause you to get disappointed because of the losses that you might see. You might feel disappointed in yourself because you might see your tokens on that wallet being down double digit percentages in a single day.

Overall, there's nothing wrong with checking on your wallet on a daily basis as long as you aren't affected of the potential impermanent losses that you may see. Checking it hoping that you might get some tokens that has value? Probably it's worth it if you used that wallet in joining airdrops, or different bounty campaigns here.

[Apocollapse]

This coin isn't accepted in big centralized exchange and the liquidity is very low, there's a chance you can't sell even though you were noticed the coin surge up 3883217% at that time. I'd more believe with people who're receive an airdrop from a project by using their service when they were still new e.g. Uniswap.

It's not mean I want to convince you to use service from a new project, you're need to take a risk and there's no guarantee you will make money from it.

[iv4n]

A check on your wallet on daily basis can earn you some dollar...

You will make some dollars if you sell from your wallet at a specific moment... but if you wait a bit longer before selling you can earn even more dollars! Or you can lose some dollars... Buy/sell, hurry/wait, every trader's daily/weekly dilemma...

So checking your wallet every day or every minute is meaningless if you are just watching... just relax and trust your investment. Add more from time to time, which can bring extra dollars in the future if you pick the right coin to invest in.

[abel1337]

I'm used to the habit of not checking my wallet for days especially when am not expecting any coin or token from anywhere even though I have some token on the wallet. Recently I just check the wallet after been abandon for days and I observed this with this token.



This token has done 3883217% in some days without me observing at all. Even though this was a rug pull but let assume it real that is how I'm going to miss out the great opportunity.


CONCLUSION
It's a good deal for one to check his/her wallet at least once in a day. This will help you to control the funds in your wallet. Old token may do good within minute, one can take such advantage to make good cash out of such forgotten token.

With a chart like this, it sounds really fishy. It's either a sh*t coin that is pumped by someone to make a profit or a scam token like honey pot that makes people want to accumulate or get that token but in return, you wallet has the potential to get hacked. I don't like token like this because it is full of risk that we don't want to get involved with. I suggest to not interact with tokens like this given that there are meny victims who lost their money because of interacting on this kind of tokens. Whether losing value from a shitcoin or your wallet being hacked because it is exploited.

[Ngemmeng]

I often run into this kind of thing and unfortunately it's just a "bug" 
I agree with you that if we have to regularly check our wallet or token prices because of price increases no one knows. I once got a token from a bounty and I didn't sell it because the token was not listed on any CEX or DEX, after a few months I checked again and the token was registered on the DEX but unfortunately the good opportunity has passed.

[AbuBhakar]

Those are shitcoins. There's no point in checking your wallet every day. Usually the insane increase is due to some indication of a hack or maybe a bot. If it's a legit coin then it's not going to change very much. I'm not going to waste my time checking my wallet every day because I'm sure if it's a legit coin then if today it goes up to 100% then in a few weeks it will drop between 10-40%. This means that there will be no sharp increases and sharp drops in the price of the coin.

It won’t hurt you much to spend few seconds to check your wallet if you have a shitcoin on it. I remember I have many garbage tokens on waves that gives me a huge profit since one of them turns out to be a legit airdrop which the project get fundings for their listing.

The chance is slim for this kind of miracle on shitcoin but it’s possible. Deoge was trading way below to the current price and considered as total shitcoin before but now it has a huge value after Elon invest on it out of nowhere. No one will predict on what shitcoins will whale use to pump.

[AmoreJaz]

Those are shitcoins. There's no point in checking your wallet every day. Usually the insane increase is due to some indication of a hack or maybe a bot. If it's a legit coin then it's not going to change very much. I'm not going to waste my time checking my wallet every day because I'm sure if it's a legit coin then if today it goes up to 100% then in a few weeks it will drop between 10-40%. This means that there will be no sharp increases and sharp drops in the price of the coin.

It won’t hurt you much to spend few seconds to check your wallet if you have a shitcoin on it. I remember I have many garbage tokens on waves that gives me a huge profit since one of them turns out to be a legit airdrop which the project get fundings for their listing.

The chance is slim for this kind of miracle on shitcoin but it’s possible. Deoge was trading way below to the current price and considered as total shitcoin before but now it has a huge value after Elon invest on it out of nowhere. No one will predict on what shitcoins will whale use to pump.

if you have alts sitting on your wallet, yes why not? but if there's nothing, of course it is just a waste of time checking your wallet. hoping that someone mistakenly sent some tokens, i don't think so.
and most of the time, those pump and dump tokens are hard to follow as you have no idea when will they pull off such stunt.
but if you have alts that are still actively trading in the market, wouldn't hurt if you check them once in a while to see where they are heading to.

[Xal0lex]

This token has done 3883217% in some days without me observing at all. Even though this was a rug pull but let assume it real that is how I'm going to miss out the great opportunity.

It has only grown "on paper". In reality, no one will ever be able to make such a profit. The whole point is that such projects, without demand, can become very expensive in an instant. When they rise in price, it does not mean that the project will have a lot of buyers at the expense of which you can fix this profit. As soon as you try to sell even a fraction of it, the rate will plummet just as fast, as there will be much more supply than demand in the market. Never pay attention to such bursts of profitability, it's all a bubble, air created to make you pay attention to this coin and buy it.

[southerngentuk]

you should check your old exchange accounts and crypto wallets is a smart way to find valuable coins or tokens that you forgot or didn't recognize before. It is possible that if the projects are successful then the coin can have a significant value after a while. But caution is also required when interacting with token contracts on the block explorer. It is important to check the legitimacy and safety of the token to ensure that you are not exposed to risks or scams. Through reviewing, researching, and using trusted websites or services, you can check and evaluate the integrity of the token before interacting with it.

[timoshani]

you should check your old exchange accounts and crypto wallets is a smart way to find valuable coins or tokens that you forgot or didn't recognize before. It is possible that if the projects are successful then the coin can have a significant value after a while. But caution is also required when interacting with token contracts on the block explorer. It is important to check the legitimacy and safety of the token to ensure that you are not exposed to risks or scams. Through reviewing, researching, and using trusted websites or services, you can check and evaluate the integrity of the token before interacting with it.

And if there are more than a hundred such wallets or accounts? It will take a lot of time to check all wallets. During this period, the price of tokens may drop significantly. There is a kind of lottery. Either I found out that some token had grown in price or accidentally found it in a nightmare. It is not smart to specifically monitor many accounts.

[justdimin]

I often run into this kind of thing and unfortunately it's just a "bug" 
I agree with you that if we have to regularly check our wallet or token prices because of price increases no one knows. I once got a token from a bounty and I didn't sell it because the token was not listed on any CEX or DEX, after a few months I checked again and the token was registered on the DEX but unfortunately the good opportunity has passed.

This is the type of thing that matters a lot because people do not know what they are looking at. At the bull run I remember clearly there was a lot of a dust attacks, like people would send small amounts to people so they would join their project, and when they connect the wallet they would empty the wallet instead.

This happened to literally thousands of people, and it was such a situation but even after the first few people warned against doing that and told people not to do it and yet people still did it. I don't understand why people are doing this, like even after being warned, why would you still keep doing it. In any case, it's exactly like you said, and there is nothing further to check about the bug itself.

[rhomelmabini]

Well, just checked his performance on CMC and it really pumped to half dollars but if you checked the volume on that day it only has $85k liquidity. I think you don't need to check your wallet everyday if you know the token will do good in the long term, this one is a total shitcoin and it pose really great risks of rug pull. Their twitter has been inactive since the beginning of the year but their token just pumped this May of 2023.