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Author Topic: What should I do to protect myself from the crypto bubble?  (Read 441 times)
cryptoinna (OP)
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June 22, 2017, 10:00:11 AM
 #1

Is there any strategy that you know,guys?
Joshua101101
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June 22, 2017, 10:19:15 AM
 #2

You need to separate your funds between different crypto-currencies and not invest the money that you are afraid of losing.

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June 22, 2017, 10:24:10 AM
 #3

Is there any strategy that you know,guys?
Work a real job so you don't have to worry so much about the price of Bitcoin when it drops. If you have a real job then you will get money to pay for things and if one day you see on the news that the price of Bitcoin is at $1,000,000 then you might want to cash some coins out.

 
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Lieldoryn
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June 22, 2017, 10:25:54 AM
 #4

If bitcoin would be a bubble, you can be sure that it will affect all the crypto currencies, without exception. Collapse the entire market of cryptocurrencies. Allocate savings needed between crypto currencies and Fiat currencies or gold.
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June 22, 2017, 10:26:06 AM
 #5

Use your crypto to buy dollars. Then you are 100% insulated. Do not buy USDT. They are not dollars.

You'd better your timing right though.

And the idea of protecting yourself from an alt implosion by buying other alts beggar belief. None of them justify their prices.
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June 22, 2017, 10:44:39 AM
 #6

You need to have investments in different directions, if you invest all your funds in crypto-currencies, you can lose them when the bubble bursts.

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June 22, 2017, 11:10:48 AM
 #7

first learn what a bubble is and why it is formed. then understand that when some price goes up it doesn't have to mean it is a bubble after the rise. you should instead look for why it has gone up.
for example if it is because of increasing demand or is it pure speculation like altcoins or a mixture of these like bitcoin.

and as with any investment there will always be some risks involved. try to educate yourself instead of asking others or relying on what they have to say.

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June 22, 2017, 11:12:57 AM
 #8

Is there any strategy that you know,guys?

Yes. Buy fiat. Or precious metals.
hatshepsut93
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June 22, 2017, 11:27:26 AM
 #9

You need to separate your funds between different crypto-currencies and not invest the money that you are afraid of losing.

Bad advice, if you look closely at charts, you may notice that altcoins usually go parallel, they drop together if BTC surges, so if crypto bubble bursts, all cryptocurrencies will drop, and I'd say that altcoins will suffer much harder than Bitcoin.

To OP: if you are afraid of losing, you can either quit now and abandon all potential profits, or you can set a stop-loss order at the price you are comfortable with. But keep in mind that if you put them relatively high (like, -5% of current price), they might get eaten by volatility and you will suffer some loss.
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June 22, 2017, 11:29:52 AM
 #10

Is there any strategy that you know,guys?

Well it's about the right diversification and timing when to switch to fiat.
I wouldn't hedge with altoins as they will mostly crash first imo!
In terms of Bitcoin I believe the bubble hasn't even started yet. But when it happens and we're going parabolic, don't try to ride the wave until the end. So getting out in time is what it is all about.
And when the drama is over buy back in and enjoy more coins!
DannyHamilton
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June 22, 2017, 11:35:41 AM
 #11

Step 1: Don't buy more bitcoins than your could afford to lose.  Bitcoin is an experimental technology in beta testing.  While it has generally been stable and reliable for the past 9 years, there is no guarantee that it won't completely collapse at any moment.

Step 2: Buy as much bitcoin as you can afford to lose. Bitcoin has a LOT of long term potential, and it is impossible to predict what will happen in the near and far future.  There is a real possibility that the bitcoin exchange rate could eventually exceed $100,000 per bitcoin.

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