Alexandir (OP)
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July 11, 2019, 12:41:40 PM |
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Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?
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Krikke
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Standing on the shoulders of giants
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July 11, 2019, 01:05:43 PM |
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Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?
It is down today, but still very much up for this year. Relax and don't always watch the price fluctuate... You cannot "protect" yourself from whales who sell 1000's of BTC in an instant (unless you have deep pockets and can buy 1000's of BTC). As mentioned, don't try to play their game because you can only loose. Most important is the technology of BTC keeps evolving and this has triggered company's to also invest and understand BTC! Good luck! Krikke |
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b3llsf1l3s
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Send&Receive Money Instantly, w/ no hidden costs
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July 11, 2019, 02:05:57 PM |
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In general there is no definite way to avoid such activities, even if you try to follow or even fight the current market flow. I guess hale whale gives a little effect on the market, the rest is how small traders respond to that. While BTC is down, just HOLD it, i've ever regret cause of panic like this moment.
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funchiestz
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July 11, 2019, 02:09:46 PM |
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Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?
You don't need to track too much. It will turn up again. You just enjoy yourself. |
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DoublerHunter
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July 11, 2019, 02:11:01 PM |
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Bro, this year so far Bitcoin price had a good price grow. You had been encounter as of now a small correction and I am sure it will pump up again after a few days. Have you remembered the first law of motion by Newton? (have an equal and opposite reaction) I think it seems like that, the movement of bitcoin price now as what I have noticed recently drop but it will raise up back again. So, be patient. If you are in trading and to avoid losses you can divert your bitcoin into a stable coin like USDT to stop your loss.
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BrewMaster
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There is trouble abrewing
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July 11, 2019, 02:13:56 PM |
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Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?
yes i do, when price is down, you buy instead of sitting around crying about the little dip we had. that way when the whales sell you buy and increase your size to eventually become a whale. |
There is a FOMO brewing...
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rested
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ICO/Developer
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July 11, 2019, 02:16:51 PM |
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It's going down because Jerome Powell FED chairman's statement from yesterday...
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ICO/Developer
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Reid
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July 11, 2019, 02:23:49 PM |
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Wow. It did really go way down.
Just this morning it was still at a good price. I just slept for a while and this is what happens.
Something like a $1000 cut happened.
Good day for the traders if they did sell at 13k price. Now, they will just be waiting for the right price to buy back. I guess 10,500 will be the number.
This thread will be better off at trading discussion though.
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kryptqnick
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Join the world-leading crypto sportsbook NOW!
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July 11, 2019, 02:25:04 PM |
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Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?
If you're a long-term investor, then the only thing you have to protect is your psychological state. Try to distract yourself from bad news, do whatever it takes not to engage in panic selling and to keep calm. If you are a trader, just do whatever the whales do. They sell - you sell, they buy - you buy. And in the meantime, if you are personally worried about the volatility, just keep your money in a stable coin like tether (if you trust it, of course), when you are not engaging in your professional activities. You say Bitcoin is way down, but what I see it a mere 9%. It's really nothing to worry about if you know the market of cryptocurrencies. |
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Artemis3
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July 11, 2019, 03:00:43 PM Merited by Slow death (1) |
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Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades? Yes, with this magic thing called stop loss. For example when it was at 13k: In Poloniex: If price goes down to 12.5k (stop) sell at 12.4k (limit) (against stable coin) Then once you see it down and feel confident enough, do it again, for example when it was at 11.2k: If price rises up to 11.5k (stop) buy at 11.6k (limit). Actually the wider this is, the safer. That is to accommodate for small fluctuations, but my examples are actually quite tight and not recommended (high risk). Most exchanges have this with different nomenclature, but they work more or less the same way. Bots and automated trading platforms can do this for you, or you could just hold and relax, if you are not going to burn your bitcoins and are saving, it will go up in the long term anyway, despite fluctuations. |
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harizen
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July 11, 2019, 03:17:42 PM |
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Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?
Without that "rinse and repeat" trades you are pointing, you won't enjoy the current price we are today. That's the source of the strong foundation and we need that dips on the way. A continuous price rise without slowing down is way more alarming and might wreck you at the end. Anyways, Welcome to Crypto World! |
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Bitcoinqubit
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July 11, 2019, 03:19:56 PM |
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do you know what is selling rate?Huh??
selling rate in some sort of level is when coin get to price which is called at the peak relative to the price that was, and in this peak the selling rate is very high what hurt the value of any crypto...
if it will stop?
yess soon we can almost anything with crypto and the selling rate will fall drastically because we can by directly with crypto and dont need to convert it and this effect will surge the price to the moon without even de,mand grew
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Bitcoinqubit
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July 11, 2019, 03:20:43 PM |
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Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?
do you know what is selling rate?Huh?? selling rate in some sort of level is when coin get to price which is called at the peak relative to the price that was, and in this peak the selling rate is very high what hurt the value of any crypto... if it will stop? yess soon we can almost anything with crypto and the selling rate will fall drastically because we can by directly with crypto and dont need to convert it and this effect will surge the price to the moon without even de,mand grew |
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Kemarit
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July 11, 2019, 04:12:20 PM |
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Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?
yes i do, when price is down, you buy instead of sitting around crying about the little dip we had. that way when the whales sell you buy and increase your size to eventually become a whale. This one, why don't you just relax and not panic and just buy in every dip. I guess this is another classic example of a newbie panickng when there is a slight changes in the price and their portfolio's value dwindling as per USD. To the OP, just relax we are already in a bullish market, you just need to learn to control your emotions and have mental toughness. |
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dothebeats
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Cashback 15%
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July 11, 2019, 04:23:37 PM |
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You can't obviously, though you can always read signs from exchange volumes and order books as those are solid indications that something eerie is happening within the platform. Also, instead of constantly thinking whether to buy or not, just buy when everyone is selling and you are almost guaranteed to take at least a few profits when the price rises. That's what I've been doing for the past few years and I have been doing quite well, honestly.
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Naida_BR
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July 11, 2019, 04:27:46 PM |
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Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?
I don't think that there is any assurance for that. As long as the market is open and accessible to any user with any budget this is going to happen everytime. The best solution is to try and keep your patience and wait till the next upward trend. |
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joinfree
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July 12, 2019, 05:43:45 AM |
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The cryptocurrency market is volatile and therefore it can increase and decrease at any point in time. The best way to avoid these sudded market crashes is to exchange your cryptocurrencies like btc and eth for stable cryptos like TUSD, USDT etc.
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Crypto Enthusiast supporting innovative ideas for the Liberalization of the world from the Centralized Institutions.
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Kakmakr
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July 12, 2019, 05:51:12 AM |
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You do not have to protect yourself against Whale ‘rinse and repeat’ trades, when you ignore the short-term volatility. Any long-term trader will simply ignore this and just sit back and wait for the price to reach a new ATH and then to take some profits. The day trader will actually benefit from this volatility by buying low and selling high. So depending on how you approach trading, you should actually benefit more from this kind of ‘rinse and repeat trades by these Whales.  <It's all about timing> |
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aad140386
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simply getting the job done
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July 12, 2019, 05:54:26 AM |
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As practice shows, it is often more profitable to simply buy and hold than try to guess short-term falls and growth. Someone of course turns out. And I even did it myself at one time, but I can’t say that it greatly improved my result. Maybe I really earned 20% more interest, but if you do not have a lot of free time, then I would not advise you to do this. Moreover, sometimes you can lose part of the trend and lose profits. Such trade is more suitable for speculators and not investors.
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Mycro Jobs
〈 SIMPLY GETTING THE JOB DONE ⟩
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Johnzky
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July 12, 2019, 06:08:23 AM |
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Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?
Why protection are you asking?because if your talking about the losing when the value is falling I don’t think someone has a power to top you from selling.so there’s no need for protection but alertness is what you need Though also you can just hold while others are dumping because we have already seen the scenario that pumping and dumping happens almost every other day |
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