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blmpnetwork (OP)
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May 06, 2018, 11:13:45 AM
Last edit: May 19, 2020, 11:05:58 PM by blmpnetwork
 #1

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May 08, 2018, 07:38:11 PM
 #2

Crypto crash has always been an issue to cryptocurrency market. There has always beeen flactuations. The only solution to this is to wait till the price rise up and also invest more in long term investments.
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May 08, 2018, 07:50:08 PM
 #3

I think crash or not a cryptocurrency, very underlying by the system applied by the cryptocurrency company, be it the application of good price in exchange, as well as token price escort from panic sale.
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May 08, 2018, 07:57:51 PM
 #4

How can we protect ourselves from a crypto crash?
You can't do anything about the price fall unless you are a whale,do you?

I suggest you to hold your coins in long term which can save you from the temporary fluctuations which are the main reason for many newbie investors to loss their amount.Never afraid by seeing price fall of crypto currencies because this is not the first time this is happening and never invest more than you can afford to lose.

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May 08, 2018, 08:23:35 PM
 #5

Though I don't believe in a total crypto crash. I already protected myself from any kind of market crash. I withdrew to fiat all that I invested and even more. So all my crypto assets now are just "free" and I also use to fix my profit monthly.
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May 08, 2018, 09:37:00 PM
 #6

Best way is to HODL. Crypto is not just gonna extinct. As long as there is demand and supply, the market will live. So, you can buy more coin when price is at bottom or you can hold your coins for future to survive market crash.
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May 08, 2018, 09:53:18 PM
 #7

How can we protect ourselves from a crypto crash?
Crypto crash, it is always been happening. It is just normal for us. The best thing to do is just to wait for the price of the crypto coins to be higher again. To wait, means to hold your coins and sell them at its peak.
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May 08, 2018, 09:55:45 PM
 #8

Get more people around the world involved in crypto by educating them. This is a company doing just that, check them out they pre-sale at the end of this month, 50% discount. https://bitcointalk.org/index.php?topic=3085831.0
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May 08, 2018, 09:57:37 PM
 #9

We cannot protect ourselves unless we know when exactly the correction will start and when will end. I don't think that this is possible, so just accept that dips are part of the game and don't think about it.

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May 08, 2018, 10:07:01 PM
 #10

I don't think there is a way we can do that do to the decentralisation nature of crypto, you can only protect yourselve by investing only what you can afford to lose.
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May 08, 2018, 10:12:14 PM
 #11

How can we protect ourselves from a crypto crash?

A stable coin of some sorts. Since the tether controversy a few months ago loads are popping up.

Here is a list of a few:BitCNY,Dai,TrueUSD

You can always "HODL"
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May 08, 2018, 10:22:04 PM
 #12

How can we protect ourselves from a crypto crash?
There are some possible thing for you to protect yourselves from the crash,
1 Try to trade used stable crypto just like tether and it gives you a convenient way to protect yourself from the crash.
2 You can try to secure your profit directly after you have done with your trade and then you can try to wait for another crash again and you will able to buy at the cheap price.
Both are the only possible thing. but trading using tether will become the best way consider that is a stable currency.

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May 08, 2018, 11:07:42 PM
 #13

I think to prevent the crash there is no alternative to the knowledge. If we gather sufficient knowledge with patience before entering into this market, we will be able to face and understand all the situation. And thus market crash will not be the reason of crash of ourselves.
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May 08, 2018, 11:09:44 PM
 #14

How can we protect ourselves from a crypto crash?

move your bitcoin or any others cryptocurrency to Tether(USDT)
thats the way to protect all your investments value


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May 08, 2018, 11:21:06 PM
 #15

It's very hard to protect yourself from crash, it's mean you need to cash out or change to another coin before the price fall down, it will need a constant look at the price and high analysis to do that, for me the best way is to invest and aim for long term, we can't always predict correctly when will be the price crash, so we need to think price crash as the part of the investment game


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May 08, 2018, 11:39:37 PM
 #16

The best way to do this is to put stop losses and find the right time to switch to USD. If we can find the right time to switch our funds to USD then we can buy more with our funds. But it is difficult to predict how the market will react in a crypto crash.

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May 08, 2018, 11:42:35 PM
 #17

How can we protect ourselves from a crypto crash?
What protection you want? lessening the loss? do this.
move your bitcoin or any others cryptocurrency to Tether(USDT)

But if you can endure the crash and loss that you are dealing with it, do these things.

- Uninstall blockfolio.
- Rarely visit online price trackers.
- Stay away from your computer / phone and go outside.
- Do something else.
- Hold.



 

 

 

 

 

 


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May 08, 2018, 11:45:45 PM
 #18

Crypto crash, the best way to do to protect ourselves is to buy more and hold some of your cryptos. We can't do anything about falling price value of the market. But we can stop from falling it. Why ? because theres a supply and demand. The more the supply and less demand, the price will drop. So Id better to advise not to sell those cryptos when the price was crashing.

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May 08, 2018, 11:47:04 PM
 #19

First before joining crypto, we should have this mindset that a crash might happen in a split second. Now how would we pull out of such scenario?  In crypto, the first and foremost thing everyone should do is always take profits whenever profits come this will help one not to be trapped or heavily lose out during a sudden crash.
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May 08, 2018, 11:55:46 PM
 #20

The basic answer is to diversify.
Spread your investments accross a number of different coins in order to keep your overall portfolio healthy.

But the more complicated answer is:

Change the way you think

Instead of asking, "How can we protect ourselves"?
You should be asking, "How can I take advantage of the market when it crashes"?

There was a lot of ways to actually profit from the last three months.
The most simple was to buy more crypto.
If you have a normal day job, this shouldn't be hard at all.
Just take a percentage of your paycheck and buy more.  Do without eating out or going out and save that money to buy.

Other ways is to watch for specific coins that lose value more than others and do a quick flip with them.
Shifting towards higher profile projects that have developments coming up, day trading, etc.

There's actually a lot you can do to not only protect but profit from crashes.

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