How some information affect our subconscious mind

[Cryptomultiplier]

Panic is a feeling that is mostly out of self control, and it varies with people, so I would totally understand you when you feel this way during price changes with bitcoin. With every investment, there should be intentionality and discipline, no one is a perfect bitcoin holder but there should always be provision for the worst.

You cannot totally avoid market price updates, because before investment you should have it at the back of your mind that bitcoin is a volatile digital asset and price could change at anytime. I feel like this emotions is mostly amongst investors with small holdings, for fear that their assets could get liquidated but that mindset is a total loss to start with.

I wonder how a small time investor with small holdings can be scared of liquidation if their asset is in self custody wallet instead of on an exchange. Also, I believe unless one trades or is in the market trading at the time of these updates of price changes that they actually get affected by it, otherwise, your investment in a self custody wallet is safe from liquidation unless you decide to move it or trade it while the update happens.

[Perfectbaby]

To me I do not really see anything wrong to enable price alerts or notifications because if you are that type of person that loves doing DCA, you can be gradually be accumulating when the price falls very low according to how the notification came in, you can quickly buy if you do not want to set a buying orders because you believe that price would like go lower than expected so when the notification comes you can quickly rush to go accumulate some sat to keep building your portfolio.

[Agathamay]

Now I'm tempted to ask you, since these pop up notifications from these your exchanges, are you not aware of the price of bitcoin and when there's any significant change in the market ?
Exhort you mind is already fixed on checking your port folio, then you shouldn't be bothered with what's going on in the market and I think being a long term holder doesn't prohibit holders from checking their portfolio but what we make of it after opening it is what truly matters and determine if you're an actual holder.

[ColdLava40]

Irrespective of the fact that our investment goal is long term, I believe constant reminder of price changes like this with other factors can rewire the mind of an investor to panic, even when he has initially built a strong foundation. The truth remains that nobody is too strong or too disciplined to not compromise, they just need life to play some tricks one them and this kind of messages popping up all the time.

Disable those alerts but will that solve the problem?

It's then up to you to define your reactions to such price alerts, for me they have no effects Because they are just random. One moment Bitcoin is up, then next it's down.

If you are understand how price works you will know that for a fact price will not move in one direction for long. Every exchange has a particular price threshold that triggers the alert.

Such alerts only puts you in fud and it is stressful for a long term Investor. For now try to avoid them.

[Alonso_]

I will just go straight to the point, the image I posted above is an example of price alerts that exchanges send to their customers. To some persons it might be considered as mere price updates but to some persons it could be more than that.
Personally this price alerts have prompted me to disable my notifications on my exchange before but then I consider the fact that I won’t be able to receive other notifications so I enabled it back. But here is the reason I disabled it, each time this message pops up, there is this part of me that always draws my attention to my holding and sometimes I’m just tempted to check the effect of the price changes on my portfolio .
Irrespective of the fact that our investment goal is long term, I believe constant reminder of price changes like this with other factors can rewire the mind of an investor to panic, even when he has initially built a strong foundation. The truth remains that nobody is too strong or too disciplined to not compromise, they just need life to play some tricks one them and this kind of messages popping up all the time.

I think it’s best you do something that makes you comfortable, if getting that notification makes you panic about your bitcoin investment, then I will suggest that disabling it is the best choice you can take to maintain your sanity, however I personally don’t really care about the notifications. Instead I like getting notifications from exchanges on price update of Bitcoin, sometimes this exchanges send me notifications of altcoins price alerts most especially ETH, I don’t have any business with ETH and still they keep sending this notifications, price updates doesn’t really make me panic, since I already know how bitcoin moves with volatility, is just something that you can never take away from bitcoin, it’s something that makes bitcoin unique because volatility presents different opportunities it demands on the one you’re more interested in. I like taking every reasonable opportunity in the Bitcoin market.

[Obim34]

~snip

I didn't know this could be a big deal, I understand people are different, but to me, I don't see much into it. If it will ease the way investors thinks about their investment, then why not. However, if that is a big deal, what about being in a Bitcoin forum where we discuss Bitcoin every day, isn't that enough discussion to draw our attention towards our portfolio?

It's a mindset thing, anybody who has already prepared themselves, as long-term investors, would care less about this kind of notification.

[Agbam]

Let me quote you entirely, do you know you're at a high tendency of risk by saving your long term asset on the exchange? Regardless bitcoin is decentralized, do you know that if you're not in charge of your private keys you won't be fully control of your funds? And perhaps, you don't own your keys there in the exchange.
Take note of that and if you haven't been using the exchange to hold your assets, you wouldn't have been encountered with the paranoid price changes notifications and again, do you know that while you're disabling the exchange notifications feature can also deprive you from getting notifications alerts from the platform in cases of new updates?
I'm entirely condemning the fact you holds your coin in the exchange after learning that you're holding for the long term.
Non custodian wallets doesn't bug user's with the price notifications. So I urge you to think about your storage systems. At least for security sake and then have an ease of that disturbing price alerts on the regular basis.

You started with let me quote you entirely and you ended up not quoting him….. That’s by the way.

You raised an important issue while everyone else are focused on discussing the information and question raised by the OP you saw the need to caution the bad practice of the OP aside from getting affected by price action notifications. I’m sure not a lot of us noticed it.

Making use of exchanges to hold is never a good option, an open source non custodial wallet is excellent.