Bitcoin is way down today

[arpon11]

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

In my opinion, the best way to protect your Bitcoin worth in dollars is to convert it to USDT any time you think bitcoin market value is high then convert it back to Bitcoin if the price depreciate you will at the end of the day gain more Bitcoin which you can hold pending when its market value appreciate again.

Converting your Bitcoin or swapping it to USD or any of the stable coin is one of the best ways to hedge now unlike before that we were swapping to some of the popular altcoins that there price were a bit stable during price volatility in bitcoin pricing. Before coins like litecoin and ripple were a bit slow in following bitcoin when it is going up or down but it seems things have changed and some of them react to bitcoin fast now than before. The safest way is to keep holding and no matter the price if you are patients you will see bitcoin recovery.

[yvesp110]

The only way to protect your crypto from ups and downs is to just HODL and don't care about the price at all.
If you can't do this,just sell your crypto for fiat and don't bother with crypto trading.
The current bitcoin price is going down and it's a little bit frustrating to keep an eye on the price and watching it go down.Damn,I have to quit tracking the price.

This does not make anything worse. These are momentary fluctuations in the price of Bitcoin and they happen even in the boom. There is always small fluctuations and I think the correction will keep on happening for long. Bitcoin however is getting its prices raised to the heights lately and I think it is this rise that we should focus on and prepare for the big rise and not the falls.

[Moiyah]

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

You can save up from losing big when the market sudden crash if you convert your btc into fiats or into stable coin like tusd. In that way, you can then repeat trading if the bitcoin's price pump again. We can not predict the sudden manipulation of whales that is why the we can not easily protect our crypto coins once they've entered the market.

[Juggy777]

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

You can save up from losing big when the market sudden crash if you convert your btc into fiats or into stable coin like tusd. In that way, you can then repeat trading if the bitcoin's price pump again. We can not predict the sudden manipulation of whales that is why the we can not easily protect our crypto coins once they've entered the market.

There’s no proven way to safeguard your coins prices from tanking, but I too would suggest to sell some coins when their prices reaches a new high and then hodl your money in fiat. Once you see prices have crashed buy your coins on the dibs, and repeat this process soon you’ll make lots of profits. If you’re planning to buy bitcoins then I think you should hurry up, because prices have fallen to $9600 and I feel prices won’t fall further.

[Maslate]

Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?

You can save up from losing big when the market sudden crash if you convert your btc into fiats or into stable coin like tusd. In that way, you can then repeat trading if the bitcoin's price pump again. We can not predict the sudden manipulation of whales that is why the we can not easily protect our crypto coins once they've entered the market.

It is all about how we save our BTC's in a dropping scheme.
We have to forget about how whales make plays to the market but to focus on how we've been versatile in every market movements. We can't just be staying in old fashion strategies all the time but to look something new which very applicable to the current situation.

[khimer_rangers]

there is almost no way to avoid trading the popes we all know crypto trading has a high risk the pump and discard it is normal,so we have to look for when the right time to buy and sell when the price is high enough, immediately secure it to a stable coin.

[Bitcoinwaist]

price is bouncing right off fibonacci retracement numbers. next stop around $8550 if $9600 is broken.

[ethereumhunter]

I still optimist bitcoin price will be back to the higher rate. Maybe we don't know when it's the time, and right now, we need to wait for a while, and I think we can buy more bitcoin and sell when it increases for a small price. I think this situation will be good for us to buy and sell rather than to hold for a long time because the price still changes in every day and I think we have a chance to take the profit in daily or once in two days.

[South Park]

Exactly, the only way to protect it is just to HODL. But no make mistake about it, practicing HODLing is tough as well as other may have thought. That's why you will see some holders panic when there is a crash, because once you see your assets going down, it's not not to think of protecting it by selling. So it is advisable to just sit and relax, on the contrary buy more during dip and just HODL for as long as you can.

Holding your coins can definitely protect you but there is one big problem with holding and it is that the time needed to recover your money can be very long especially if you bought at a high price, this means that only the ones that believe in the technology of bitcoin will be able to hold for that long while those that only were interested in making money will eventually fold to the pressure and will sell for a bad price, and once they do they will never recover the money they lost.

[FanEagle]

It once again fell. It is a great feeling when it goes up and you have free money all of a sudden but its one of the worse feelings ever when you wake up and see you do not have that much money.

Hopefully, we could at least put aside this new low and will continue to increase with the sellers out of the way, I think they are the ones causing this fall not the lack of buyers, buyers are still there if you ask me but the sellers are selling way too much. That is good however because if the sellers sell and price goes down then they do not have bitcoins left, so we can go back up and since sellers already sold and don't have money this time we won't face a problem. Of course, you can do this multiple times before you ran out of all sellers but eventually we will definitely reach that.

[sheenaedago]

price is bouncing right off fibonacci retracement numbers. next stop around $8550 if $9600 is broken.

Simply don't be connected sincerely with the immense swings of value nowadays, since we may find in the following days it could restore extremely quick. Expect progressively incredible exhibitions that it could be increasingly over $10k or higher to withstand at any random dates.