handling bitcoin volatility

[Genemind]

I see Bitcoin's volatility as an opportunity for us to gain a better profit only if we know how to deal with it. Just applying the basics which is to buy low and to sell high is enough to deal with every market situation. Perfect timing is the best strategy that we could apply especially when the market's volatility is too high. Take a chance to grab the chance of buying low while the prices are still low and don't miss the opportunity of selling when the prices get better.

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[magneto]

If you run a business I suggest that you treat volatility very seriously.

You can either hedge against volatility using a future or option. You can purchase these contracts on platforms such as Bitmex or Deribit. These derivatives will allow you to hold counter-positions to what you hold in BTC, which will cancel out any net movement in prices.

But if you're a long term holder of BTC without immediate cash flow needs, I think that you need to adopt a different attitude towards BTC volatility. Don't think of BTC in fiat terms as much as you do in BTC terms itself.

[dicasimportantes]

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?

I believe that the best way to not lose everything is not to risk too much. Have other sources of currencies besides bitcoin. When the value is low, try to wait a while before selling, until you recover the value.

[Inkdatar]

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?

I believe that the best way to not lose everything is not to risk too much. Have other sources of currencies besides bitcoin. When the value is low, try to wait a while before selling, until you recover the value.

Expect the volatility of bitcoin and just invest only on what we can afford to lose. Also to handle this volatility is take a chance in buying at low price since we can gains when price has a sudden spike in the market. Well indeed also to diversify our investment is good so we have an option when there are sudden moves of bitcoin happen.

[lienfaye]

All I can say is that, don't overly confidence that we can always make a good run. Hence, we can be full of optimism but we must also have to consider that is the capability of the market. The market volatility is beyond our control and only we can do it get prepared and don't get into FOMO for whatever it happens in the future.

Indeed, volatility is the nature of crypto so expect the unexpected because thats how the market works. Be prepared for the worse and have a back up plan incase what you expect didnt happen and dont panic, better to wait for the right opportunity on when to execute your trades.

[Webetcoins]

All I can say is that, don't overly confidence that we can always make a good run. Hence, we can be full of optimism but we must also have to consider that is the capability of the market. The market volatility is beyond our control and only we can do it get prepared and don't get into FOMO for whatever it happens in the future.

Indeed, volatility is the nature of crypto so expect the unexpected because thats how the market works. Be prepared for the worse and have a back up plan incase what you expect didnt happen and dont panic, better to wait for the right opportunity on when to execute your trades.

Those who are always ready for the any result and set up a back up plan for themselves never suffer in trading. Beside good plan patience is also very important. Keep your emotions away from trading. Prepare yourself for every type of result and always hope for the good. If you do not show confidence in your trade from the beginning you are never going to win.

[wxxyrqa]

All I can say is that, don't overly confidence that we can always make a good run. Hence, we can be full of optimism but we must also have to consider that is the capability of the market. The market volatility is beyond our control and only we can do it get prepared and don't get into FOMO for whatever it happens in the future.

Indeed, volatility is the nature of crypto so expect the unexpected because thats how the market works. Be prepared for the worse and have a back up plan incase what you expect didnt happen and dont panic, better to wait for the right opportunity on when to execute your trades.

In any case, the results of a trader in the cryptocurrency market directly depend on his level of knowledge and experience, as well as on the characteristics of his character.  Trading cryptocurrency will always carry a large share of risk, because it is not the same as trading vegetables or fruits in the market.  Although today, in the first place, cryptocurrency users are interested in the cryptocurrency market precisely because of the cryptocurrency volatility, because it is in this particular feature of the cryptocurrency that there is a possibility of a large income for investors.  I can confidently say that investors have more patience than the trader.

[kro55]

You can't do much if you see volatility like the one we have today. Almost 500$ decline in price and that too within 2 to 3 hours.


Source: CoinMarketCap

[Sadlife]

You should always consider using stop losses or shorting your position dont wait for a massive correction, once you've gained profit from your trade have an exit plan to liquidate your money dont get to greedy. Finally dont get to emotional, i've seen some traders who are experience in this field sometimes gets rekt by getting over confident or greedy with their position and end up paying the price.

[Meowth05]

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?

Volatility is one of the nature of Bitcoin that is why we need to consider upon making a trade. Talking with the tips, perhaps I would say that don't be greedy and don't rush it all. If you saw Bitcoins dump right now, just wait because Bitcoin will eventually rise. But if you can't handle the Bitcoin's volatility I would recommend for you to go in long-term investment.

[LUCKMCFLY]

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?

Volatility is one of the nature of Bitcoin that is why we need to consider upon making a trade. Talking with the tips, perhaps I would say that don't be greedy and don't rush it all. If you saw Bitcoins dump right now, just wait because Bitcoin will eventually rise. But if you can't handle the Bitcoin's volatility I would recommend for you to go in long-term investment.

I believe that operating with high volatility and doing it well is an art, one of the advantages that can be obtained from volatility is, as it says before, doing long-term operations, for me the reason is simple, it gives me more time to react against to aggressive market movements caused by volatility.

I think it is a great point to consider, while short-term trade considering volatility is much harder to react to movements. Many feel that adrenaline runs through their veins when they do Scalping mode trading, it is really an art to do it and leave with a positive balance.

Of course everything changes if the focus is on investment, since it requires time and patience to wait for the profit.

[Kelvinid]

I consider volatility as an advantage. Think of what will happen to our trades when the market going straight high or even going down, Does it helps us to become profitable? Not for sure but volatility made it great. Often time we have market fluctuation and the good thing is that we are able to buy at a low price and sell at high. Handling volatility isn't difficult if we are always preferred to it.

[wxa7115]

I once read the story of a guy that gained $10,000 from Bitcoin in 2017, he sold on September and that’s probably before the huge increase. Due to his friends holding till then they made millions, which is huge compared to the chicken change he got. So his emotions played out and he started buying Bitcoin despite the decrease in price in 2018 and that’s how he kept losing. So avoid trading with your emotion.

That is a terrible story, and I am not talking just about the fact that he sold his coins before we saw the huge increase at the end of the year, that is bad in itself, the truly sad part is that after he made that mistake he didn't have any strategy to come back to the market and buy bitcoin again and capture most of those gains.

And then after those two mistakes he made an additional mistake by buying bitcoin during 2018 when the only thing that bitcoin did during that year was to go down losing any profits that he had, I have no problems admitting that I held my bitcoin during all of that time frame and I also earned and lost money because of it but at least I did not took an emotional response and instead began to study the markets.

[Edraket31]

I consider volatility as an advantage. Think of what will happen to our trades when the market going straight high or even going down, Does it helps us to become profitable? Not for sure but volatility made it great. Often time we have market fluctuation and the good thing is that we are able to buy at a low price and sell at high. Handling volatility isn't difficult if we are always preferred to it.

That's the point and advantage of being volatility, you can take advantage of it that I don't why people can't see this as an opportunity, they are just after the pump and dump, don't want to take risk in taking short trading. But still be careful, you need to learn and study the market well before doing short term or day trading.

[marilynmanson21]

to avoid the sudden movement of bitcoin, you must first understand trend lines, because that is the main basis for knowing bitcoin movements,
after understanding that you have to put a stop lose, this is in case if the movement of bitcoin is unpredictable, so your funds remain safe.

[wildan88]

to avoid the sudden movement of bitcoin, you must first understand trend lines, because that is the main basis for knowing bitcoin movements,
after understanding that you have to put a stop lose, this is in case if the movement of bitcoin is unpredictable, so your funds remain safe.

learning from experience, as a trader when bitcoin moves suddenly, I immediately sell my altcoin, most of them have decreased by more than 10% or even reached 30%. but indeed if we are smart in reading charts it might be better. but the point is don't take risks on altcoin when bitcoin moves. but if it happens to bitcoin, I'm not too panicked if it moves suddenly, I'm sure sometimes it's just a correction and it will eventually increase higher.

[bettercrypto]

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?

I believe that the best way to not lose everything is not to risk too much. Have other sources of currencies besides bitcoin. When the value is low, try to wait a while before selling, until you recover the value.

Expect the volatility of bitcoin and just invest only on what we can afford to lose. Also to handle this volatility is take a chance in buying at low price since we can gains when price has a sudden spike in the market. Well indeed also to diversify our investment is good so we have an option when there are sudden moves of bitcoin happen.

Those who risk a lot in bitcoin are brave! The volatility of bitcoin is a sign that it is risky. Many people will lose their capital when they engaged with bitcoin. They think that it is good to buy that time but they are wrong. However, many people have been learned also from the past and they will not do it the same way again. Invest what we can afford, it's always been the sound but we need in to in our mind.

[imutlinda]

to avoid the sudden movement of bitcoin, you must first understand trend lines, because that is the main basis for knowing bitcoin movements,
after understanding that you have to put a stop lose, this is in case if the movement of bitcoin is unpredictable, so your funds remain safe.

learning from experience, as a trader when bitcoin moves suddenly, I immediately sell my altcoin, most of them have decreased by more than 10% or even reached 30%. but indeed if we are smart in reading charts it might be better. but the point is don't take risks on altcoin when bitcoin moves. but if it happens to bitcoin, I'm not too panicked if it moves suddenly, I'm sure sometimes it's just a correction and it will eventually increase higher.

when bitcoin prices move fast it would be better to find a safe way, if we hold altcoin it would be better to convert it first in the form of bitcoin. maybe this is a little help to secure the funds we have, but if you understand the price chart it will be much better for us to know the price action that will occur.

[Ethereums]

its just another suggestion, but apart of volatility bitcoin knowns as high risk investment actually, so only invest amount that u can afford to lose buddy.
I once learn that investment management is crucial for this kind of thing. As i know i only use my free money when i buy bitcoin regardless what condition ( bull or bear ), but i prefer bought it when it get low as my analyst based on price action. When it passed my point of buy i started to count when to stop loss for it. then buy again when i though it times to buy again. u know SNR thing.

[wxa7115]

I consider volatility as an advantage. Think of what will happen to our trades when the market going straight high or even going down, Does it helps us to become profitable? Not for sure but volatility made it great. Often time we have market fluctuation and the good thing is that we are able to buy at a low price and sell at high. Handling volatility isn't difficult if we are always preferred to it.

That's the point and advantage of being volatility, you can take advantage of it that I don't why people can't see this as an opportunity, they are just after the pump and dump, don't want to take risk in taking short trading. But still be careful, you need to learn and study the market well before doing short term or day trading.

The huge volatility is just a reality of this market that will most likely never disappear, the issue is if you can take advantage of it or not, for those that can then the volatility can be a great way to make a lot of money really easily.

But those people are a minority, most of those that try to trade the market of cryptocurrencies do not really have what it is necessary to use volatility in their favour and in that case the volatility will play against you making you lose a huge amount of money in a short amount of time and when that happens to you it is going to be almost impossible to keep yourself in the market when you have lost so much money already.