5 tips to reduce your risk when trading bitcoins and altcoins

[soza_01]

I want introduce you one tip. Trading volumes of cryptoassets are exploding. More Bitcoin is traded daily than Apple or Amazon stocks. How to leverage this phenomenon into trading profit? Binance Exchange is a new global exchange that has quickly entered the top 10 exchanges by trading volume, and rising. They issue their own utility coin.

[futuret]

I want introduce you one tip. Trading volumes of cryptoassets are exploding. More Bitcoin is traded daily than Apple or Amazon stocks. How to leverage this phenomenon into trading profit? Binance Exchange is a new global exchange that has quickly entered the top 10 exchanges by trading volume, and rising. They issue their own utility coin.

Things are not looking good with Binance lately so I would advise to not sell out coin during the dips at least. This is the only risk in the world of crypto currencies, selling out a coin when it is falling down due to lack of trust and huge fear. Risk can be only mitigated if a person has a good knowledge of this industry and a very patient nature. Without this, staying here can become really tough.

[Gozie51]

4. Don't be a blind bull. ALL markets are cyclical. Don't be afraid of failures or failures on the market - this is where you can earn more money.

Any person that is afraid of failure, is already a failure from the beginning. This point above is very true. You don't expect the market to just go upwards all the time. It goes up and sometimes ,downwards.

[carriebee]

4. Don't be a blind bull. ALL markets are cyclical. Don't be afraid of failures or failures on the market - this is where you can earn more money.

Any person that is afraid of failure, is already a failure from the beginning. This point above is very true. You don't expect the market to just go upwards all the time. It goes up and sometimes ,downwards.

That is very helpful don't be a blind bull which is most made a mistakes during trading. Conquer the challenge in the market this will makes you successful taking risks when investing. It is been noted that price went ups and down so we should expect it will happen all the time.

[BarbusseH]

Read all the news on the coin you are trading, learn their plans, prospects and problems. This can save you from unpleasant surprises.

[Caradoc Moore]

You should consider the volumes which indicate the liquidity of an asset. The greater the liquidity the easier it is to buy and sell, even when there is turmoil, and the lower the Bid-Offer spread and therefore the cost of trading. You want to avoid assets with tiny liquidity as when the shit hits the fan it will be costly to exit. Bitcoin has world-class liquidity. I run a crypoasset analysis site named Blocklink.info. Here is a screen-grab of the most liquid assets in the world.

[Venn Harris]

I made a great mistake in not buying Ethereum and Ripple in 2017 until 18 May. My mistake was Bitcoin Maximilism. I refused to have anything to do with Ethereum and Ripple because I didn’t like them. As a result I missed these returns. To sum up, I hope that guys will not make mistake like me! 

[damsix]

like this you are promoting Telegram chanel group in this thread, but it does not matter because everyone has the right to write in this thread, as long as about Cryptocurrency Bitcoin and other Altcoins.

maybe I will add, do not be too greedy in trading Crypto because profit 10% one day alone is enough.

[harbin55]

I think there is no way to reduced the risk since it always bear with our investments all time,
if there is only thing is to think briefly and make decision properly and well planned.

[Altero]

I made a great mistake in not buying Ethereum and Ripple in 2017 until 18 May. My mistake was Bitcoin Maximilism. I refused to have anything to do with Ethereum and Ripple because I didn’t like them. As a result I missed these returns. To sum up, I hope that guys will not make mistake like me! 

Isn't lucky for you then,  people have their own choice. Even though you think that you are wrong but eventually you did also the right thing.  We don't know if you invested with Ripple will boom like that. How about if it won't, then you might regretting it.  A lot of thing possible to happen, we never loss our hope cause someday it might be your time.

[coinbeach1]

PUNDI X sends you an additional 7% of your coins held each month until the end of the year. So if you have 100 coins on your listed wallet or Coinbene Exchange, at the end of the month they send 7 coins to your wallet (Airdrop).  This way you always increase, and you can wait out fluctuations.

Good crypto Project! Their POS machine (creditcard machine + crypto + many others) takes direct crypto payments in Bitcoin and Pundix.

Coin buy-back coming!

[BitHodler]

We don't know if you invested with Ripple will boom like that. How about if it won't, then you might regretting it. 

XRP this year has experienced the best possible developments and announcements that they could possibly wish for, and it did absolutely nothing. People don't like that token or whatever category it is specified in.

Its centralized nature and insane (well over 50%) pre-mine are too much of an obstacle to discard. Another thing is that the trading volumes of XRP have been declining for a very long period of time, which is alarming.

If XRP ends up increasing then it will happen out of nothing and based on nothing. As easy as it will go up it will come down again. It's a horrible long term investment in my opinion.

[dharnamonitor]

While these are great tips sadly they are not performed by many participants in the market. I just found out that somebody I know had most of their net worth in XRB on Bitgrail and that got hacked a couple weeks back. Truly sucks but you gotta protect yourself in these crazy markets.

Oh?  I'm not updated anymore, bitgrail got hacked? That's why we should save our coins on our own crypto wallets instead of exchange sites. The reality is that most of the people doesn't perform those tips because in the first place they don't have any idea what they should do, it happens when someone became an investor or trader without a prior or proper knowledge about those basic disciplines.