Bitcoin Forum

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Sometimes you can find you'a late from the Buying zones recommended,..don't panic wait for its correction then enter especially if the targets are not reached!!

There is many chances in the trades if the market is promising!!

Don't jump to the trade that have arisen for more than 5% because its initial take profit for Whales!!

Learn to Protect your capital!!
Let's trade safely!!

You are right but if the bulls are real then the price is not going to stop even after 5% increase, this is highly volatile crypro market and we often see coins jumping and dumping more than 50% too in a single day.

It is strange that such advice gives novice. But yes, you are right, you need to place orders in front of a large order, because when the price reaches such an order, it can instantly bounce back, thereby increasing the balance. Many make the same mistakes in trading become a taker although you always need to become a maker to get at least some profit from this transaction.

you are very correct about your opinion in protecting your fund  but l will like you to know that the volatility of crypto market is far greater than that of the global forex market so i will suggest if you are really into full time trading use the stop loss, this will help you control your risk reward ratio.this is my best strategy to protect your fund while trading in a bear or bull market.

It's never too late for someone that thinks that way.

The market is still young and good advice for those that are FOMOing during the high's but we can't blame them if they never learn from our advices.

This is nice but risky.

The reason that it is nice is because, market price might not really get to your targeted entry price before obeying to your plans. So if you are already there waiting, the better to ride with it.

The reason it is risky too is that, the target might be wrong and the market swallows your plan while you are already there.

My advise however is to follow what you think and have analysed.

I agree the market is still young and it is is never too late for a trader but this is adviseable only to long term trader.
Op has mentioned very clever points for those who are intraday traders and want to take profits in a short time

If you don't know what those Target means or refers to then I guess FOMO will not avoided

a typical beginners mistake

don't worry, they will learn it eventually



More often If I'm late at breakout, Waiting is gold

Although there are some merits in this statement, it is not entirely correct. If the bull market arrives, such a proposal is likely to make you miss an entire bull market. So the correct approach should be to learn how to trade earnestly. Only when you learn to trade can you really join the game.

You have to make sure that you don´t over-do on the hodl thing. If it has lost half the value, chances are that it will lower more. Protect your funds by selling.

Crypto still a baby dude, you can see that first crypto that called bitcoin has created at 2009. We still have a lot of time to make it even bigger in the future. They are doing their own decision to FOMOing the market. i could say that many people are feel so greedy to earn a lot of money instantly. I guess they are interesting to become the next millionaire.

I think it's a time to holding coins for long time to protect our funds.because the market has going down fall.

I think the protection of their coins should come first. Why then all this? If you keep as horrible and risk losing every day. Therefore, for the security of its cryptocurrency. It is necessary to attach due attention.

Actual market speculation doesn't depend on the current chart. A trader can go for a coin long before it shows any positive movements, using technical and foundamental analysis.

A fast follower can also pick up a trend and make profit from it.

The thread title is misleading. I click on the topic because I thought it's about the security of your funds. This should go in speculation.

protect funds not by selling, repurchasing is part of a trading strategy that must be considered. this will compensate for past losses due to panic and unexpected events.

Protection is the most important thing in crypto because it is really easy to make money here but it is harder to save them. I prefer suitable wallets and hard passwords.

I think 5% is such a cheap and low increase and when you mention bull run
Its gonna soar up higher towards 490% or 1000%

Basic instructions says stop chasing green candles
Stop buying dipping tokens

So easy buy the dipped
Sell the pumped

Many people always have a psychology is that if don't buy immediately at that time, they can not buy it anymore and try to buy although its price is being high to buy into. They accidentally fell into a trap price

While trading always remember, if you are holding and there is some pump in coin always take out your seed money and then stay in with profit if you think coin still have some potential price growth chance. I usually do 60% sell and rest profit 40% hold so that i can sell those on higher prices. And if I fail to do so  I am still ready to HOLD for long as that was just profit and my seed money is out.

In my personal opinion I always give prior to the top 10 coins as this will always be promising. I do understand anything can happen in market, if the market is red hodl coins and if the market is trending then start selling.

thank you mate!!  i do panic buying sometimes, and its true that i have lost my funds right away. its not actually lost but you need to wait again to be arisen up and touch your goal point. and now, i am carefully wait for the right signal to bite it.

Its also okay if they want to become a day trader, there's no limit who can enter to the market and wanted to be a trader.

He's pointing protecting your fund from panic selling.

That's true. Sometimes we are not at the right time to buy or sell the token, but we do not need to be panic. What we have to do is just waiting for the next chance, just like as you said, while waiting, we can research another potential project to join in the future.

Can be true, crypto is a highly volatile market and a month-long pump can be dumped in a single day. I personally prefer buying and selling in parts, holding is not really a thing for this year and we have seen many hodlers, even after months, still holding their coins in loss. Taking profit is not bad, if you are really bullish on some coin, you can sell some part of it and hold the rest, that's what I do.

I agree. The market keeps on going up and down and there should signs that we need to check when we are trading. Knowing the movement of the coin will really help us determine if the coin is for dumping or selling. Nevertheless, the coins we were hodling will increase because of the bull. Its just a matter of finding a cheap coin that can give us more earning when we sell it.

Do not really follow the FOMO and do not buy everything that grows in a panic. you do not earn on it but only lose your money

This is totally the reality in the bitcoin world. It is very dangerous to jump into the market at it's peak. The best thing is to enter at low price so that when the market is growing, your price will grow with it.

good points but I guess you are not like a real newbie.
In essence, experience is very important in every trade, especially in situations like this. there are various options in every speculation that there will always be risks. so the point is, one must really learn first if you want to speculate

Protection is always very important,that's why I more trust escrow and use LCS platform.When 2 parties are engaging in a cryptocurrency trade, the LocalCoinSwap platform holds the crypto portion of the trade while the fiat portion is transacted directly between the buyer to the seller. Once both parties agree that the payment has been made, LocalCoinSwap will release the Cryptocurrency out of escrow to the buyer. If there is a disagreement regarding the payment, LocalCoinSwap will engage in dispute resolution to ensure the Cryptocurrency is allocated to the correct party.

Money is a very important thing for us to secure, without security, our money will be hacked, there are many experiences from members here that they lost money because many things and hacking is the biggest factor.

Actually we can't find what is the best time to buy cryptos because the prices can varies from time to time so all we have to do is just buy the crypto and hold long term where you can save your capital most of the time but you need to find the coin which can be able to survive the hard days of bear market.And also need to learn when to enter and when to exit the trades.

Would you wear a condom when making love to a diseased fish? I hope you would :)

Absolutely must learn to protect your capital.  but before anything else always ensured  as well that your investmenting in a right coin to prevent lossing money. Because nowadays people become frustrated because of such issues which is buying without any research just depending on the progress of the coin but despite it becomes shity at the end.  So make sure to buy the right coin to hold 'cause that's the most important.

You are correct. The late comers to the pump party are the ones who get properly ruined in the hands of the whales. I have seen rookie traders making entry when the pump is at peak. They FOMO and then left with nothing. They should understand if you missed an entry point in a pump, stay away, you will get many other chances. Crypto is so volatile such ups and downs are so frequent giving many entry and exit points if you trade wisely.

The way to protect our fund would be to avoid investing it into some fraud project. and also we need to choose a good wallet so we'll get a secure protection on our funds.

Very good advice, I enter project only when the price reaches at least 50% of it's ath. Never enter on fomo.

Hi, I had tokens for a sum of 0.5 ETH yesterday, I sold it. and today the price has risen to 3 ETH and I will not panic and wait for the price to fall to buy and if the price does not fall, there are many other options for investment.

If you keep this attitude, surely you will be in profit because what ever profit you are earning be happy with it. Dont get depress by seeing the price. If the project is good then on lower buy back and do trading same way. In long run you will see that you are investment is grown high.

I generally think that the best protection for capital in a falling market is a long-term investment.

many strategies can be used for securing our money, we must understand thos strategies
there are many strategies because many conditions on market too.
it needs different action of those stategies

5% for Cryptocurrency is almost nothing...
But when the price has risen more then 20%, then you should think well before buying this...

This is a good advice but not a hundred percent.
It is not good to buy at 5 percent pump because you might be a victim to bull trap.
But sometimes risking at the can take you to a 3x or more profit.
well it is better if you understand the development and have the tokens at down before rising.

This is, of course, good advice. The main thing is to learn how to choose projects for investment. Otherwise, your investments in bad projects may eventually fall to almost zero. There are a lot of such projects.

There is always a need for us to protect our investment in what ever way we can in other not to fall victims of whale who always take advantage of the knowledge of most newbie that don't have good skills and knowledge about how the trading market works.

Yes, I also agree with you. In an huge fluctuation market now, if you lose your mind, you must use your knowledge and experience to give the right choice. Do not chase to the profit

As in traditional markets, there are no fixed rules... if there is a bull run, it can last for months like in end of 2017..... so It's not good or bad to invest. The most important thing is to have clear idea of what you are doing and what is your purpose and holding period.

Well said, definitely while the market is dumped it is better to make plan for long-term investment. You need to think for a safer zone in trading.

Don't bite the fomo vibe easily, this advice is perfectly accurate for a day trader, you want to trade for long purposes? then you should not that wary about the 5% upward of its price you can just buy the crypto then secure it to your cold wallet stashes until the day you sell those coins for a favorable and moon price, there's so many positioning chances to the market but don't forget the fomo and fuds.

Yes, you should think twice before buying a coin which has already increased a lot recently, because whale may start to sell their stock, leading to a sudden drop in price! However, I don’t think only 5% increase in value will make whale sell their coins.

It's better to safeguard your hard-earned money in this tough situation of the market. If not you can make plan for long-term investment as it is a comfort zone.

yes protection is important though i know some people do not pay enough attention to it and then they have a lot of regrets

i love long term investment as i think that this is a necessary thing even if you are spe ializing on other things

Investing in long-term I must prefer to choose the good coins in the market cap those coins that at the top 5 in the market, why should I invest coin did not have a high potential when it comes investing in the long run.
Yeah right, we must know how to manage our fund or portfolio as well, just simple strategy if don't want to lose your fund. Don't sell as long as your profit was not there that's a better safeguard on your fund.

Newbies in trading and in the cryptospace in entirety should find this useful. What i can simply deduce from this, is not to be lured into a coin that is already pumping and not to be greedy while trading. Greed can make you loose even your initial capital.

First of all, you need to develop your own strategy. And understand what goals you want to achieve. If you want to make good money on investing - you have to spend a lot of time studying promising projects.

On average, people always have psychology that if they don't buy immediately, they can't buy it anymore and try to buy even though the price is high to buy. Then they accidentally fall into the trap price, and lose their funds.

The author is right, you should not buy a coin if it strongly grew. It is necessary to wait for its correction and only then to buy.

I think one of the most important things that a trader or holder should have is patience, that means hodling tight and wait for the market to recover, of course we're not waiting forever, because one of the most important things for a coin to thrive is to have enough volumen in the market, a coin have to be used to be useful, so yes, we have to wait for a correction but we have to know when to start trading too

Recommended buying zones? I think there is no of them if we are talking about altcoins, most of them have gone to near zero, what is recommended buy zone really?

Protecting capital in trading is an obligation based on the system of seeking profits and avoiding losses. do not make the market a benchmark because crypto many methods to find profits in investing, depending on how we use it creatively so that it creates many opportunities.

I agree with you, sometimes holding a hold will only make us lose the bigger funds we have, but before we make a cut loss we should seek certainty first and whether in the future our coins will have great potential or not.

yes, it is important. just the same as to protect yourself from anything in this world, and your capital is a part of you so  better to switch on your brains before it's too late. all the best for you guys

I think the best way to protect your capital is " not to use all in one process" its better to have few different coins  and divide them into long term and short term investments. If you decide your way then you must also learn how to use " stop loss" If you lost more then you can bear with.

need to have good protection funds in the beginning of crypto activity, I wish I knew it before I start had two stolen wallets..

Before you get into any coin, it will be necessary for you to do your own research, because there are some you might feel have been corrected and yet they are been abandoned by the developers.
I have seen situation where some people felt they have seen the dip of a coin, yet after investing, it keeps on plunging without rising. Which is why research is necessary in order to make the right choice.

This is nice but risky.If the bull market arrives, such a proposal is likely to make you miss an entire bull market.

there may be a correct opinion that you convey, we must be able to think wisely in using your capital and funds and the most important thing at this time is how smart investors use opportunities to invest in cryptocurrencies

When trading you should always adhere to the risk management. Only by controlling your risks can you save your money.

That is something that we shouldn't break. When ever we done that there will be chance that we'll regret it. cause after that much rise, mostly it will fall down again.
To be safe, we need to wait until it gets down and the price getting stable, after that we could purchase it and wait until it rise again.

Be very careful when placing funds in front of a large order and if you really want to be playing by the book, a lot of things can change, even some of those orders you see can be just placed there to deceive, and they can be removed at any time, and then once the market starts going lower, you start wondering what has gone wrong.

As a trader, you should always anticipate and not just be reactionary. When a market is moving, look at the conditions of the market, do you think a trend is changing? Are you sure if you are buying now, the risk is lower than the reward? All these will help you to make informed decisions and not just entering a position from anywhere.

This can not be used as the official reference about the increase. It is indeed possible in the current state of the theory it's true that when it reaches 5% will be vigilance to buy. but it's a different thing when the big market increase or recovery occurs. It could be more than 5% and of course, there have been many who sensed that and this happens again.

If you are really a trader then you must know that some tokens can go up to 200% profit in no time. What you are suggesting is good though, a trader must set a target profit and dont let FUD eat them alive. I myself is always setting a target in profit and just in case that coin will go much higher i will still not regret for i did not lose money.

Always use cold storages for your cryptocurrency assets. Also you should use 2FA autentification at exchanges of different ICO websites oк SMS authorization.

This should the first priority for any investors that he should protect his fund and be cautious before investing in anything. In case of crypto, apart from rushing into it, one should invest only after being aware of the risk of its value variety, but who knows, it might bring your fortune too.

Yes you're saying right it's risky to jump into trade that has arisen to mre than 5%. I consider it a inappropriate position of buying. I would like to add my personal trading experience into this Always try to buy that crypto that has been dumped too much. Keep your eyes on every coin movement and than make chart which coin has been dumped too much during 1, 2 or 3 months time, if you find such coin and upcoming market trend is bullish then go for that coin, buy it and sell it at good profit.

i think that trade well in the crypto's world is much more hard than trade in the real financial's world.

"trade safely" is something that in crypto's world, doesn't exist.

In any business it is best to be cautious, plan out a strategy and be careful with your funds as it is best to do your research and gather information before taking any steps because patience is key.

You are most likely correct. In trading, we should never enter the zone when that altcoin already pumped up to more than 5% to 10% because that will be the chance for the whales to sell their altcoins for a profit and that is actually the zone to take a profit when you are a day trader. Still, if you know how to go with the flow or not greedy, it can also be profitable depending on the volume.

Well, if the market start to rising, it will have two possibilities either it is a fake pump created by some peoples, or it is a real bull market.
If the market rise than 5% from your buying price, then if you are a day trader you can sell it and buy back later when it comes back to the initial price.

Lol, it's hard to make a fake pump for the reason of the circulating supply of every alternative coins or bitcoin itself is too high. You need at least a 100 crypto whale to create that massive movement ( fake as you mention ) . The real bull run is too far than our expectation because of different scam and fraud project, it truly affect all the branches of crypto around the world.

As the market is highly unstable people like to hold their money in case any risk occurs.But to gain some profit they need to let the money go.It is very normal for the newcomers but they need to analyze the market more deeply.

Simple instructions, but it is not so easy to use without the knowledge of technical analysis, because all your assumptions may be wrong.

I think protecting coins is not all about buying altcoins or buying pumps
It’s about ensuring that every details of your account is safe
Avoid compromising your accounts
Never store your funds on exchange
Keep your laptop and  phone safe too

Well, 5% is not a bad thing as long as you have a strategy and the reward is higher than the risk. One thing with the bulls is that as long as the market has changed trend based on some of the signals you will definitely get to see, they will want to drive the market hugely to the level they can to be able to gain maximum profit as well.

If you are picking a market that is in a downtrend after a 5% increase, then, that is what we should be talking against in this scenario. Somehow, maybe as a swing trader, I believe as long as you know what you are doing, have a strategy, then, you won't be scared of taking calculated risks.

We warn everyone. We must not panic. Markets can be a move at any moment. We must protect investments for a while.

Yes I agree as the market is very bad it's better hodl the coins. Making investment in this situation is a good option at this moment. Do not hurry in this tough situation.

Alright, it seems a nice idea to not trade if the price already rises at 5%. Personally, I can't wait to start trading if the price is up.  
The problem is, the bullish condition sometimes is not longer than a bearish condition.

Thank you for your reminder. Every day I check the price of the exchange's digital tokens and use the difference between different periods to earn some profits.

I completely agree with that, if I am late and the price already left the buy zone then I will wait until it hit the resistance and come down again or monitor if it break the resistance and move to the next resistance level. I make mistakes in my early trading day chasing something that already up quite a lot only for the price to go down later, if I am patient and wait for a bit then I can buy the coin cheaper. Just keep learning how to indentify support and resistance lvl and you are good to go.

As my protection at this time I avoid storing large assets in exchangers and also I keep my assets in a personal wallet by buying Trezor which guarantees security for my wallet. the price is very cheap and is able to secure our assets

In a crypto market sometimes waiting for a correction isn't a good way of trading since if the bull trend is over it is going down continuously without stopping. Not all, but most.

The surest defense all the same is attentiveness, which today will be very much in demand, since today many scammers count on the fact that you will not pay attention to the little things that surround us today.

It is just for some newbies out there because they have no idea what happen next.  I am also do that like before, I sell to many of my coins into fiat because I am afraid of losing my money because I want to be sure not to take risk.  For now, I don't have money because I am wrong on what I do but the price was still dump and I have opportunity to invest now.

Just think the past few years because every year it always circulate and rotate on what happen and there are some cycle of this.

That's why one must have a basic knowledge of ICO investments, especially in crypto trading. actually this is a good time when trading is short, because I do it but it's not easy because experience plays an important role. so the point before really speculating should be studied and analyzed

The easiest way to protect my funds is to keep them on an offline wallet like trezor or ledger.

Can they be really difficult to use at first until you get used to them ? Yes. Can they be expensive as hell for small investor? Yes.

However, in the end if you are going to be in the bitcoin and crypto business for a long time than there is no reason not to keep your funds in an offline wallet like ledger or trezor. I think exchanges are fine to hold your funds as long as it is not a huge number but when the number gets bigger the risks are getting bigger as well. Hence offline wallets are the way to go.

this is not a discussion but rather an appeal
I have to appreciate this but at least we have to discuss knowledge or ask to make a broad insight into this industry.
we know the current market is not as good as last year and there are many who suffer losses including me. but actually there is always something we can do to make a profit.

Yes, you right and make sense in these suggestions . It's important to read, especially those that exist before deciding to buy or sell. Trade not only requires capital, but also strategy. Thank you very much..

Offline wallet is our assurance to make our funds more safe than being exposed to the risk that could possibly endanger's your funds of being lost. This can provide us the confidence for our crypto holding to be stored at 100% worry free, while monitoring bitcoin's price development. Long term holder will find it non stressful, during those time when crypto has no stable market specially at dumped stage of each coin price and it's hard for the traders to move up.

Saved money are good money and their protection play not the least role. I like not to deal with money so often and I have a good wallet and hard passwords and so on.

The key on doing trading is patient, without it we surely will has high possibilities to loose our funds. But if we can be patient, there will be time when we'll get the profit and our fund will be safe.

At first i is not easy to know on how to trade but the easy way is going on if you are willing to obtain more knowledgeable ideas that came from informative person. Mistakes are natural that could be a lesson learned so that next time it won't happen it again and be smart at the next time.

I agree with you and I think that everyone should know this. It is very important for every investor to learn how to protect its own funds.

Patience must be supported by good analytical techniques. Waiting for the right moment to buy does require patience and when the reality is not in accordance with the analysis requires patience as well. So it is very important to learn analytical techniques, manage mentally, and experience in increasing skills in trading and of course to maintain our funds.

a trader is not allowed to panic, so for those of you who have not found a way to trade well, I suggest subscribing to the signal trading service, and take as much knowledge from them
learn more about correction prices and also buy or sell target zones, then you will understand the games of the whales

Newbies shouldnt doing trade or investment with fomo feelings. I believe investors have to decide some target price for entering that coin and for selling that coin. If we dont have any target for buying and selling we can not make any profit. Maybe we can earn money in short term but for long term always we have to decide our targets.

That's right and now is the right time that OP is telling us to start buying at this correction. Why others are suggestion about hardware wallets, I guess you haven't read what the topic is all about and you just assume about "security" of keeping the funds.

I sometimes make mistakes and at a higher level of intelligence from scammers, I would have lost my money a long time ago.
So the protection here is not at such a high level.

point of purchase is secure not just happen just once. certainly, there will be other opportunities to start from the ground up in order to get optimal results. always make sure to buy cheap and sell high and does not rush and panic. always pay attention to the market and wait for a rebound and then used to sign-in and start buying at that point.

True. Don't jump the trading bandwagon. You'll just get crushed by the market forces.
Use "stablecoins" to preserve the value of your capital and gains as well.

Yes while trading we have to be patient and we shouldnt jump the train immediately. Always in trading we can have opportunities we may lose the chance of buying with low prices but always coins can come that price again. So during trading we have to be emotionless. Like a trading bot.
We have to use our brain while trading not use your emotions.

when trading, it is very important not to give in to emotions because this way you can lose all your money

This is quite a helpful trading tip. It is sometimes tempting for you to want to quickly buy a coin once you believe the pumping is just about to start. But, mistakes could be made in such situations.

That's right. We must be more patient and wiser when going through in the crypto world. Panic will never be good for selling or investing. If we don't want to loose more and more capitals, juts invest wisely for what to invest based on the right analysis. We must protect our funds and our efforts in crypto.