handling bitcoin volatility

[Hypnosis00]

Everyone who has ever traded for more than a couple of hours have had episodes where their trades are wrecked because of bitcoin volatility reflecting on the whole market.

What tips do you guys have regarding protecting yourself from bitcoin sudden moves?

There are few tips to handle it, one of them is to do an action whenever it starts moving. For example, you sell Bitcoin whenever the price starts to move down and Buy when it starts to move up. It's gonna be hard though since you don't know how far it's gonna move and you may need to pay more attention and be aware of every move, but try to apply this to be safe.

That's basically what a day trader have been doing and it's really hard though specially if the market is not that too unstable. Less volatility movement meaning less profit for a day and that is so stressful if you'd ask me. Best is to hold it until you see some huge movement in the market.

Patience could have a big role in that position but somehow, some never think.it was helpful and insisted that they are right. I understand how stressful for us with the market like this but if you can manage it perfectly, it all be fine and run smoothly.

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[carlfebz2]

Everyone who has ever traded for more than a couple of hours have had episodes where their trades are wrecked because of bitcoin volatility reflecting on the whole market.

What tips do you guys have regarding protecting yourself from bitcoin sudden moves?

There are few tips to handle it, one of them is to do an action whenever it starts moving. For example, you sell Bitcoin whenever the price starts to move down and Buy when it starts to move up. It's gonna be hard though since you don't know how far it's gonna move and you may need to pay more attention and be aware of every move, but try to apply this to be safe.

That's basically what a day trader have been doing and it's really hard though specially if the market is not that too unstable. Less volatility movement meaning less profit for a day and that is so stressful if you'd ask me. Best is to hold it until you see some huge movement in the market.

Patience could have a big role in that position but somehow, some never think.it was helpful and insisted that they are right. I understand how stressful for us with the market like this but if you can manage it perfectly, it all be fine and run smoothly.

Theres no such thing about perfect management specially we are dealing or fighting with price volatility.Patience would really be mainly test out yet we wont know on what would be the next price on next minute.
Decisions will depend on certain situation and sometimes intuitions do really also play a role in this investment or trading activity of ours.Handling wont be easy but due to experience and long time
engaging with volatile price then you would somewhat get used to it as further as it goes.All takes time and you should be smart.

[Visbay]

~snip~
What tips do you guys have regarding protecting yourself from bitcoin sudden moves?

the right step for me is to cutlose when I open a wrong position, and return to buy it when the price has gone down. that way I can minimize losses, rather than having to hold back and prices continue to fall which can make me a headache. price reduction has become a bitch that can make people stressed.

It’s natural mate people get stress when they are their investment lose value and getting down in price so in this matter we should act wisely and don’t panic. It’s the wrong way of trading. A good trader must know if price falls it’s time to hold and if you have money try to keep holding as much as possible as the cut loss is not good for everyone.

[Twentyonepaylots]

in order to protect your selves from bitcoin sudden move you should convert your btc to stable coins or convert them to fiat or just withdrew them  .  you know bitcoin is volatile  .  you must accept it or leave   , if you wanna trade then trade and put in your head that once you already trade you can never get it back  . you must accept if what else happen next  . if your lucky , youl earn while the price will dump after you traded but there are time that a trader is badluck and the value of the coin that they already traded just pump hard few moments later  .

There are numerous ways people handle the volatility of bitcoin, some diehard investors like me use the low value as an opportunity to buy more coins, whereas people who are weak of heart most of the time pull out their investments at this time. Some hodl on their coins until a stabler environment comes in. But personally, if you have money to spare. I would suggest you deposit more money in these low price events and wait until the value appreciates. It'll be a win/win. Otherwise hodl on your coins.

[Kevondo]

The volatility of prices in terms of bitcoin has always been an issue for those who are fresher in the world of cryptocurrencies. The fluctuation of price is not a problem in real. Actually it leads to the stability of the overall system because due to the rapid changes in the international market price needs to get changed after regular periods. One simple method to get over this to keep on buying and selling as well as exchanging your currency so that you can minimize your losses.

[wxa7115]

Everyone who has ever traded for more than a couple of hours have had episodes where their trades are wrecked because of bitcoin volatility reflecting on the whole market.

What tips do you guys have regarding protecting yourself from bitcoin sudden moves?

One of the ways to protect yourself is to have money on both ends, if your pair is btc/stable coin (or any other pair) you need to have amount of bitcoins and stable coins. When price change directions simply add more money to your position, for example you buy and price drop, what you do is to buy again, and if it drops more buy again and hold your positions, bitcoin always bounce back, sooner or later. It's ok to try to short sometimes, when you think that price will go deeper sell all and wait for price to go to bottom and buy then, it's tricky to do it, sometimes you can lose money if you choose wrong moment.
Trading is tricky and risky, some sudden moves can be a terrible for your open orders, but sudden moves are the ones that can make you money if you risk and trade like you expect them.

As you say trading is not an exact science and depending on who you are as a trader you can chose different strategies, the strategy that you describe can be very effective but only if you have a lot of capital to spare to keep averaging down the price at which you bought your coins and if you have the patience to hold your coins.

And very few people in the market have the skill or the natural characteristics to pull off something like that, I know that I could not, and it is the reason I sell my coins once I have decided that the position has moved too much against me.

[wajik-tempe]

in order to protect your selves from bitcoin sudden move you should convert your btc to stable coins or convert them to fiat or just withdrew them  .  you know bitcoin is volatile  .  you must accept it or leave   , if you wanna trade then trade and put in your head that once you already trade you can never get it back  . you must accept if what else happen next  . if your lucky , youl earn while the price will dump after you traded but there are time that a trader is badluck and the value of the coin that they already traded just pump hard few moments later  .

Finding the right time to convert it to fiat is the core thing that we have to expert at, we should read the market's nature and when it will going down we instantly convert our assets to fiat. It's really hard to do because the agility of the market itself could surprice people in any way

[Wipeout2097]

The best strategy to handle the Bitcoin volatility is proper coin management,Trade what you can afford to lose and if you are in a region where BTC is illegal and you just trade in your region be more careful because global and regional volatility a different story.
Recently BITCOIN traded on localbitcoin IRAN around $24000 source from:
https://cointelegraph.com/news/google-trends-sees-bitcoin-iran-surge-4-500-on-safe-haven-narrative

Keep eye on the market and trade till you are on screen,Make sure to convert your BTC in stable coins like USDT,DAI to save your BTC from dumps.

[FLoving]

~snip~
What tips do you guys have regarding protecting yourself from bitcoin sudden moves?

the right step for me is to cutlose when I open a wrong position, and return to buy it when the price has gone down. that way I can minimize losses, rather than having to hold back and prices continue to fall which can make me a headache. price reduction has become a bitch that can make people stressed.

It’s natural mate people get stress when they are their investment lose value and getting down in price so in this matter we should act wisely and don’t panic. It’s the wrong way of trading. A good trader must know if price falls it’s time to hold and if you have money try to keep holding as much as possible as the cut loss is not good for everyone.

But the problem here is that everyone have invested in bitcoin and they all are trading without have much knowledge that is why they do not know that what is the time for what action. A good trader never ever face any issue in his trade and he know well that how to face which direction of the price. It will be more better that all other people ho are not expert in trade have to hold for longer time they will get their profit in long term.

[wxa7115]

The best strategy to handle the Bitcoin volatility is proper coin management,Trade what you can afford to lose and if you are in a region where BTC is illegal and you just trade in your region be more careful because global and regional volatility a different story.
Recently BITCOIN traded on localbitcoin IRAN around $24000 source from:
https://cointelegraph.com/news/google-trends-sees-bitcoin-iran-surge-4-500-on-safe-haven-narrative

Keep eye on the market and trade till you are on screen,Make sure to convert your BTC in stable coins like USDT,DAI to save your BTC from dumps.

Many people say that you should only trade what you can afford to lose, but let’s be direct how many can afford to lose the money that he is investing? Unless you are only investing a dollar or a ridiculous low amount of money you cannot really afford to lose it.

The reason you are willing to take the risk is because you think it is going to be worth for you and you will earn money since no one enters the market with the mentality that you are going to lose, so you need to find other ways to deal with the volatility and the best solution available is to use money management skills to do so.

[mersal]

Keep eye on the market and trade till you are on screen,Make sure to convert your BTC in stable coins like USDT,DAI to save your BTC from dumps.

What if the price bumps in overnight like its happening for the last 48 hours or something we will lose the profits right.Saving the capital is good but taking the risks for making more profits is the mart choice so convert your profits into stable coins and let the capital as volatile coins like bitcoin,if price bumps then its your day.

[Sahyadri]

Everyone who has ever traded for more than a couple of hours have had episodes where their trades are wrecked because of bitcoin volatility reflecting on the whole market.

What tips do you guys have regarding protecting yourself from bitcoin sudden moves?

Have proper stop losses in place.
According to the market you can vary the strictness. Like in highly volatile time have strict stop losses while not so during sideways market. This way you will able to achieve your profit targets but not losing much. People here do enter the trade on time but when it comes to exit, under greed or emotions, they make loss.

[ene1980]

Everyone who has ever traded for more than a couple of hours have had episodes where their trades are wrecked because of bitcoin volatility reflecting on the whole market.

What tips do you guys have regarding protecting yourself from bitcoin sudden moves?

If you really are an expert in the day trading market you would not pose this question and hence you welt the wrath of the market trading in a short period of time i would advice you to watch the market for a month and take an analysis yourself before planning to invest money for day trading. The market for you to trade is always long term as you are not able to take the time to learn about the market. Making money is not a easy job even though the basic principles are easy and hence i would advice you to stick to long term before you learn the market movements.

[Capt00]

Everyone who has ever traded for more than a couple of hours have had episodes where their trades are wrecked because of bitcoin volatility reflecting on the whole market.

What tips do you guys have regarding protecting yourself from bitcoin sudden moves?

Have proper stop losses in place.
According to the market you can vary the strictness. Like in highly volatile time have strict stop losses while not so during sideways market. This way you will able to achieve your profit targets but not losing much. People here do enter the trade on time but when it comes to exit, under greed or emotions, they make loss.

Well, stop-loss trading is may help when you struggle difficulties but not exactly we all just through this kind of strategy because it never gives you profit.
The market volatility is our chance to market more gains if we can make trades at the right time. And why this volatility won't stop? Coz it depends on the buying and selling price which traders and investors have made. It will consistently change and if we go along with them, surely we don't suffer big losses. 

[CoinBitCoinMoney]

Everyone who has ever traded for more than a couple of hours have had episodes where their trades are wrecked because of bitcoin volatility reflecting on the whole market.

What tips do you guys have regarding protecting yourself from bitcoin sudden moves?

Day trading is very risky, although, could be very rewarding and profitable. The market will always be volatile. To minimize the risk, you can try swing trading. I have tried it for over two years now and it is better.

[coin_1122]

Keep eye on the market and trade till you are on screen,Make sure to convert your BTC in stable coins like USDT,DAI to save your BTC from dumps.

What if the price bumps in overnight like its happening for the last 48 hours or something we will lose the profits right.Saving the capital is good but taking the risks for making more profits is the mart choice so convert your profits into stable coins and let the capital as volatile coins like bitcoin,if price bumps then its your day.

Stable coins are always good to hold because we don't know when the market starts fluctuating, and it will help us to hold our trading profit in a safe way, we have seen a fluctuation which is happening instead of holding them in Bitcoin it is good to convert them to stable coins. But you hold them in Bitcoins it will not help you to make profits.

[gettingrektallthetime]

Bitcoin volatility should be embraced! This article is not bad in explaining how we can profit through options trading

3 strategies to combat crypto market volatility with options trading
https://hackernoon.com/3-strategies-to-combat-crypto-market-volatility-with-options-trading-9322d710f087

[BChydro]

Stable coins are always good to hold because we don't know when the market starts fluctuating, and it will help us to hold our trading profit in a safe way, we have seen a fluctuation which is happening instead of holding them in Bitcoin it is good to convert them to stable coins. But you hold them in Bitcoins it will not help you to make profits.

It is true that we need a stable coin that can be trusted, most of the coins in the market right now cannot be trusted or not having that much liquidity and i am hoping we will get a trust able stable coin in the future from a bank or something similar and when Libra came up with their version of the coin i was skeptical but then after thinking about it and if they are able to come up with a stable coin then i could trust them than the rest of the stable coins in the market.

[jazmuzika217]

I think you only need to set a target in every investment that you get. If the current price is near to your target and you know that you have already a good income then it is better to cash out and if you already hit the target then get it, don't be greedy because all we know that most of the time too much greed is always cause of loss.

[tungaqhd]

Everyone who has ever traded for more than a couple of hours have had episodes where their trades are wrecked because of bitcoin volatility reflecting on the whole market.

What tips do you guys have regarding protecting yourself from bitcoin sudden moves?

Stop loss saved me many times. I first heard about it in this forum then i quickly realized that it is very important to set stop loss because i don't have time to look at the chart whole day.