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

[odunybiz]

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.

[1714480965]

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[Fiatless]

If you are a crypto trader, you can check your wallet every day because you need to observe price movement and make decisions. But it is needless for a long-term holder to check his wallet every day because it is irrelevant. Long-term holders already have plans on how to handle their investments so there is no need to check the wallet often. Also checking your wallet every day can cause FUD which might make you sell your holding prematurely. Checking your bitcoin wallet every day can expose you to hacks or scams especially if you are not using a well-secured wallet. The more you expose your wallet to the internet, the greater the chances of experiencing problems. Most holders keep their investments in air-gapped wallets and leave them for a long time.

[SeriouslyGiveaway]

It is really risky. Your wallet can receive honeypot scam tokens.

You can verify those tokens with these websites and don't interact with their smart contracts if you are unsure.
8 ways to check if it's a token scam
https://honeypot.is/
https://detecthoneypot.com/
https://github.com/dappradar/tokens-blacklist

[Jawhead999]

This is shitcoin, you should consider to check where this coin can be traded, not only about the price. Based on coinmarketcap [1], this coin traded on Pancakeswap, Gate.io and Bitrue. Both of Gate.io [2] and Bitrue [3] have been known as scam exchanges, moreover Bitrue was got hacked few months ago [4]. This mean you only have one choice, you need to trade in Pancakeswap, but the problem is AXL/WBNB pair volume is small. Do you think someone willing to buy the coin that the price suddenly reach more than 100000%?

[1] https://coinmarketcap.com/currencies/axl-inu/markets/
[2] https://bitcointalk.org/index.php?topic=5412850.0
[3] https://bitcointalk.org/index.php?topic=5329248.0
[4] https://bitcointalk.org/index.php?topic=5448821.0

[Hyphen(-)]

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.

If you invest in altcoins and are unsure about their future and roadmap, you should check your wallet on a frequent basis to avoid losing all of your money.

Bitcoin investors always have peace of mind because they are very confidence in Bitcoin because of its transparency; also, Bitcoin is the leader of cryptocurrency, and Bitcoin price movements affect the price of the entire market. As a result, if you invest in Bitcoin, you won't have to worry about regularly checking your wallet.

[Husires]

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.

This is not a wise advice, because it is impossible to browse the wallet every minute, and it is difficult for the time of your browsing the wallet to coincide with the time of the currency’s rise, given that the rise of such currencies is fast and does not last for more than a quarter of an hour, even if you activate the notification and you are lucky to be connected when that currency rises It may take some time before you can sell it.

Such tokens are not suitable for long-term storage, and therefore withdrawing them to the wallet is not a smart idea. Trade them with a trading bot so that it sells as soon as the currency reaches a certain price, and then you will not need to check the wallet continuously.

The only problem is that such bots work in central exchanges and the exchange may be hacked, but the chance of hacking is less than the chance that you will be able to deposit it in a timely manner.

[yazher]

Sometimes you receive random coins you forgot from airdrops years or months ago. or they just randomly give it to confuse you because there are lots of scams nowadays that are even baiting people and luring them with a few coins in your wallet so that will get curious about it. Once they successfully lead you to their site, that's when the real game begins they are working hard to capture your attention and guide you to invest in their pump and coins and eventually the worst-case scenario is they are giving some rewards to others via referral program as well and it would be a nightmare if you are the one recruit the other victims to invest. so the best thing to do is to completely ignore it once you receive such random coins in your wallet if there is no decent price in it.

[ryzaadit]

The spike 3883217%

However, most of the time because of a shit (exchange) there is no so much liquidity on that coin (like shitcoin). Then, with just a few hundred bucks $ can easily change the % coin with really fast.

Nothing new for this one, just a shitcoin without liquidity. that's all.

[passwordnow]

The spike 3883217%

However, most of the time because of a shit (exchange) there is no so much liquidity on that coin (like shitcoin). Then, with just a few hundred bucks $ can easily change the % coin with really fast.

Nothing new for this one, just a shitcoin without liquidity. that's all.

I agree, usually those shitcoins that pumped that much don't have liquidity at all. And that means that you can't even sell and take that moment of selling it.
As much as you wanna sell, no taker is there as it's risky for the observers and traders that have noticed that pump. In other scenario that you're holding good tokens or altcoins, you have to take time at least when you've got spare time to check on how it is going. That's a norm even if you're just a long time holder just for you to check on what's happening and how much you've gained/loss on it.

[gurunanakji777]

In general, everyone has knowledge about whether their coins can be manipulated for price increases or not, and most holders prefer to invest in coins from reputable projects. They do not have faith in meme coins that are prone to sudden price increases followed by sharp drops, as well as scams where developers abandon the project. If you hold Ethereum or Bitcoin, there is no need to monitor the price on a daily basis. Anyway, most people frequently check prices, but there are very few holders or traders who don't. As shown in the chart you posted, pumping can also occur, which involves manipulation with very low trading volume. I have seen this happen many times, so there is no need to regret or think that we missed an opportunity.

[o48o]

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.
-cut-
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.

Someone buyng their own limit sell orders? My guess is that you couldn't have sold your tokens anyway because i am betting there weren't any limit buy orders on those levels, just market buys for a thin sell wall that was most likely dev or a bot buying their own tokens for fake price action. Either that or a glitch. You don't need to watch your wallet constantly, that's not healthy.

[yhiaali3]

I used to check my wallet almost daily and then I gave up this habit, because 99% of the coins that my scam wallet receives are worthless.
Mostly scammers are sending these tokens to scam to trick people into traps.

[Wapfika]

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.

This is useless if you don't have any tokens that you are expecting that will pump. The example picture is just a rug pull which the value is fake. Most likely that token came from a scam airdrop which scammer is using nowadays by spamming their scam tokens through airdrop then charge some ridiculous fee just to swap it on DEX.

I have a wallet for almost 5 years and there's nothing inside until now. So using your advice will just waste my time if I do this for 5 years consistently. A rug pull token shouldn't bother you to do that because checking your wallet regularly will loss your focus especially if you are doing important things usch as work.

[Jackl87]

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.
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 first of all thanks for the tip. I also agree, that as a crypto investor the motto "I just wanna hodl so i buy and then i don't look at my coins at all for several years" is not a smart thing to do and can even lead to a total loss of your investment. A lot of stuff is going on in the crypto space with hacks and security breaches.
So stuff like the issuing of a new token is not that rare and i just had that a few weeks ago with Poolz. You had to claim your new poolz token on a website. So if you are not following the space at all for a long time it is very much possible that the time for the token swap is running out and in the end you only have worthless tokens on your wallet.

[Husires]

The spike 3883217%

However, most of the time because of a shit (exchange) there is no so much liquidity on that coin (like shitcoin). Then, with just a few hundred bucks $ can easily change the % coin with really fast.

Nothing new for this one, just a shitcoin without liquidity. that's all.

This is if we assume that this exchange will allow users to register and create accounts and be able to sell at an appropriate time before the currency price begins to decline. some exchanges use fast bots and prevent the execution of orders to attract more liquidity. They may ask users for documents or more data before they can withdraw their currencies. Therefore, unless the currency is listed in less than 5 reliable and high-liquidity platforms, you will not be able to sell it if you are lucky and the price of that shitcoin increases.

scam exchanges will require users to deposit bitcoins to be able to withdraw.

[nicolas222]

In fact we should often check our wallet often even important price changes can happen in a fraction of a second, personally i use a price check app that i have set up to send alerts when the altcoins i am interested in reach a certain value

[nelson4lov]

It's not a bad idea from OP. I don't only check my old wallets, I also check my old exchange account especially those they were available during the ICO era. I have been lucky enough to see some tokens in hundreds of $ after over a dozen month since the account has been unused. It's a good practice I would say but also be cautious enough to check the token contract on the corresponding block explorer to ensure that it's a safe token contract to interact with.

Overall, it's not a bad practice - just apply caution to check legitimacy of the tokens found.

[timoshani]

Monitoring the wallet constantly is difficult. Even with bots. Yes, and there is no need for this. Equally, there is a possibility of missing the jump in the price of any shield, as in your case. It is better to use this time to search for interesting tokens or participate in projects.

[KingsDen]

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.

This is not a wise advice, because it is impossible to browse the wallet every minute, and it is difficult for the time of your browsing the wallet to coincide with the time of the currency’s rise, given that the rise of such currencies is fast and does not last for more than a quarter of an hour, even if you activate the notification and you are lucky to be connected when that currency rises It may take some time before you can sell it.

It all depends on the type of coin you are holding and the nature of investment you are having. Like someone who only has bitcoin in the wallet does not have need to check wallets often.
Again if the bitcoin investor is a long term investor, it may take months and years without checking their portfolio. I also think that checking portfolio often will pose a risk of exposing your wallet.

[The Cryptovator]

There's no need to constantly check your wallet every day. Simply keep an eye on your holding tokens and monitor significant changes in their prices. When you notice a significant shift, you can take appropriate action. However, visiting your wallet occasionally isn't a bad idea, but it's not really necessary.