Post
Topic
Board Trading Discussion
Re: Don't look at btc every five minutes
by
geegaw
on 13/04/2018, 15:57:43 UTC
This is a mistake a lot of us make. If you track btc every minute you are more prone to panic selling. Btc has a lot of ups and downs, if you are in it long term the short price has little meaning
Hahaha, that's true. I also checked bitcoin price every minute for some time and while I am checking, I am thinking to sell it because of it is gettingng low then after a minute, I am thinking that don't sell it already. LOL. Because it is getting higher that time. So you are right don't check bitcoin price every minute, it can just lead us to panic selling. LOL.
Well, our psychology is something that can not be managed, it just needs a little action from the outside, it can also be influenced and it gives us a thought that we need to do something immediately in that moment. But we can also think another, that is we worry about the decision, we are afraid of wrong, a thought we want to sell, a thought we want to hold and wait, fight very fierce, and when this lasts, we will not be able to bear this, we will have to choose, and usually we will make a wrong decision, checking every five minutes is one thing that should not be done in this market