handling bitcoin volatility

[CarnagexD]

Placing my buy and sell order in advance is my key to protect myself from the volatility that bitcoin has. I don't want to leave my holdings without placing them in an open order because once I got off from my desktop, anything can happen in the market and it could result to a huge loss.

What do you mean by placing it in advance when it does not matter at all coz the market is volatile so it is very unsure at the first place.  What could be the most effective to avoid huge loss or even just a loss is to monitor the market as long as possible to analyze the market in close to what would be the next movement of prices. Perhaps you have a pretty good luck.

[1714242067]

1714242067

[beerlover]

People forget that bitcoin doesn't have to be this much of a day trader product, you can literally use bitcoin yourself if you want to spend it on anything OR the most logical thing it is a very scarce commodity so you can hold it. If you are afraid of volatility and you are bothered by the fact that you may end up losing money wherever you want to buy bitcoin, just hold it.

I personally have the same coins I had in 2015 let alone the new ones I purchased so I am never bothered by the volatility, I had bitcoin during 2017 and I had it during 2018 and I still have it. I did spent some of it, I did bought a bit more later, but in the end I do have even more bitcoins than I started all thanks to me not selling my coins because volatility could have hurt my results.

[wxa7115]

People forget that bitcoin doesn't have to be this much of a day trader product, you can literally use bitcoin yourself if you want to spend it on anything OR the most logical thing it is a very scarce commodity so you can hold it. If you are afraid of volatility and you are bothered by the fact that you may end up losing money wherever you want to buy bitcoin, just hold it.

I personally have the same coins I had in 2015 let alone the new ones I purchased so I am never bothered by the volatility, I had bitcoin during 2017 and I had it during 2018 and I still have it. I did spent some of it, I did bought a bit more later, but in the end I do have even more bitcoins than I started all thanks to me not selling my coins because volatility could have hurt my results.

That is without a doubt one way to handle the volatility of bitcoin but you can not really expect that everyone does the same as you, to begin with you seem to be very comfortable with the amount of bitcoin that you are holding, something that is not true for the majority of people in this forum.

Also you can hold your coins regardless of the market conditions because I'm sure that you are convinced about the future of bitcoin but we must understand that unlike you the majority of the people in the market do not really believe in bitcoin that much, they are here just because they want to earn money in a fast way and holding your coins is not really their preferred method to do that.

[mbakruroh]

I protect my fund use stop loss and cut loss, in other side I also ignore public opinion and patient. Technical combine with psychology become my safety to handle risk in bitcoin volatility. You can use any safety step you want but what I mention is basic, so you must do it. Even I still get small amount but my fund grow up 10%/ month use that safety. Take my advice for better result, I'm sure next step will easy for you.

[TitanGEL]

People forget that bitcoin doesn't have to be this much of a day trader product, you can literally use bitcoin yourself if you want to spend it on anything OR the most logical thing it is a very scarce commodity so you can hold it. If you are afraid of volatility and you are bothered by the fact that you may end up losing money wherever you want to buy bitcoin, just hold it.

I personally have the same coins I had in 2015 let alone the new ones I purchased so I am never bothered by the volatility, I had bitcoin during 2017 and I had it during 2018 and I still have it. I did spent some of it, I did bought a bit more later, but in the end I do have even more bitcoins than I started all thanks to me not selling my coins because volatility could have hurt my results.

That is without a doubt one way to handle the volatility of bitcoin but you can not really expect that everyone does the same as you, to begin with you seem to be very comfortable with the amount of bitcoin that you are holding, something that is not true for the majority of people in this forum.

Also you can hold your coins regardless of the market conditions because I'm sure that you are convinced about the future of bitcoin but we must understand that unlike you the majority of the people in the market do not really believe in bitcoin that much, they are here just because they want to earn money in a fast way and holding your coins is not really their preferred method to do that.

The answer is subjective when it comes on what's better between holding and trading. As a trader I prefer to trade my bitcoins than to hold it. I'm an active trader so it is suitable to trade for me. Those passive trader are suitable in holding bitcoin in long time and they will not also be worry about the volatility because their just holding. As an active trader, volatility is really sucks but I manage to survive in the market because I know what is my doing and I have a lot of strategies in order to manage the volatility.

[danherbias07]

I protect my fund use stop loss and cut loss, in other side I also ignore public opinion and patient.

Yes, this one could be important.
Ignore public opinion. They rarely do it for profit of others but more of a hype and they will bet against it.
A strategy which might be old but still working up until now.

Patience is one key. Greed is the problem and so does fear.
When you see profits, get out. Do not be intrigued with what could happen later or tomorrow. Run with your money!  

[ethereumhunter]

I protect my fund use stop loss and cut loss, in other side I also ignore public opinion and patient. Technical combine with psychology become my safety to handle risk in bitcoin volatility. You can use any safety step you want but what I mention is basic, so you must do it. Even I still get small amount but my fund grow up 10%/ month use that safety. Take my advice for better result, I'm sure next step will easy for you.

No matter if your profit is small, if you can repeat over and over, I am sure your profit will become bigger, especially if the bitcoin price is up and down on that day. Besides of what your suggestion, don't forget to manage the emotion because if you cannot manage the emotion, you will panic, and you cannot get or make another strategy in a short time. You should have learned about controlling yourself in trading because bitcoin prices will always be volatile.

[Amel]

People forget that bitcoin doesn't have to be this much of a day trader product, you can literally use bitcoin yourself if you want to spend it on anything OR the most logical thing it is a very scarce commodity so you can hold it. If you are afraid of volatility and you are bothered by the fact that you may end up losing money wherever you want to buy bitcoin, just hold it.

I personally have the same coins I had in 2015 let alone the new ones I purchased so I am never bothered by the volatility, I had bitcoin during 2017 and I had it during 2018 and I still have it. I did spent some of it, I did bought a bit more later, but in the end I do have even more bitcoins than I started all thanks to me not selling my coins because volatility could have hurt my results.

Yeah that sounds like an investment in bitcoin. However, most people assume they must be able to trade every day, therefore they are afraid of high volatility. They are trading for income, so if they have to hold on for a long time waiting for the BTC to recover then that is not what they expect, therefore @OP asks for steps to prevent such rapid market movements.

[Lanatsa]

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? Its normal when you do deal out this crypto market.You have to deal with volatility and come to think that this is the main reason
why people are making profits.If there were no movements then profitability isnt possible.How to deal with it? Then it will all vary with traders
analysis and knowledge on how he trade and this is where people do differs.

[Yamifoud]

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? Its normal when you do deal out this crypto market.You have to deal with volatility and come to think that this is the main reason
why people are making profits.If there were no movements then profitability isnt possible.How to deal with it? Then it will all vary with traders
analysis and knowledge on how he trade and this is where people do differs.

And I'd found no worries seeing the market moves back and forth. We know how volatility effect means a lot in crypto and besides, it helps us to generate more profit in the real thing. But I'm just wondering why people would think that negatively and been affected too much. If we know how crypto works, it will be an easy for us. It is all about how we adopt the market system and volatility will remain until such time that we are controlled by someone, but it looks impossible thing to happen.

[justdimin]

When you are in bitcoin for day trading you realize that those volatility are not as frequent as people talk about, sure there are few hundred dollars moves here and there but those big thousands of dollars worth of movements are more rare than everyone has been talking about. Those happen once a month maybe on average, sometimes for months the price is around the same price and then for a week it does some weird movements.

If you are not around for those huge movements and out, you will not have to worry about the volatility at all, if you are around and hurt by it, know that whatever direction happened that hurt you, the opposite will eventually happen as well, maybe it will take time but it will happen. So, volatility is not that difficult to handle if you are lucky or patient.

[Dart18]

One part of trading is the risk.
There wont be the so called daily traders if there will be no volatility in bitcoin.

One good example is gold. How could you make profits out of $10 movement and they are not easy to track too.
It could bounce back and forth in just minutes.
What you could do is look at its history and then maybe you could find some answers.

[d3nz]

There is a volatility in every investment and even trading has it and we cannot avoid this kind of situation, that's why we always need to have plan before taking the risk. We need to always check for the good investment that we think we can make it up, as long as we "don't put all our eggs in one basket" as saying.

And taking risk is a part of life, we may lose and win but we need to always have more winnings than losing. And it cannot be called investment if you are just losing and wasting money.

[jhonjhon]

The best way for me to handle bitcoins volatility is through the amount you invest in it, invest what you can afford to lose, if you invest in that way, you will be able to handle a sudden fall and the losses wouldn't be one that you cannot handle or that will leave you with no funds at all.

Another tip for me would be the stop loss feature, bitcoin will always be volatile, and there would always be crashes, so whenever that happens, you can try to take funds you have left, rather than leave the losses to pile up.

This is indeed a good strategy for investor most especially if you are dealing with bitcoin. Bitcoin is known for it’s volatility and wether we like it or not, it is going to stay and part of bitcoin market so we just have to invest on the amount we can afford to lose and also be wise and smart in going around it’s volatility. Investing only the amount you can afford to lose will lessen stress level and if incase the price won’t go te way you wanted then atleast it is not your life saving.

[DaveWave]

Setting a stop loss is a must. Everybody should have learned their lessons last year. It was a bad year for bitcoin trading where the price was decreasing most of the time. Greed is the biggest enemy here.

[alan2here]

When you are in bitcoin for day trading you realize that those volatility are not as frequent as people talk about, sure there are few hundred dollars moves here and there but those big thousands of dollars worth of movements are more rare than everyone has been talking about. Those happen once a month maybe on average, sometimes for months the price is around the same price and then for a week it does some weird movements.

If you are not around for those huge movements and out, you will not have to worry about the volatility at all, if you are around and hurt by it, know that whatever direction happened that hurt you, the opposite will eventually happen as well, maybe it will take time but it will happen. So, volatility is not that difficult to handle if you are lucky or patient.

I agree with you. This market never stands still and is constantly volatile so it is difficult to predict the value of Bitcoin during this time. Currently there are many different predictions when it comes to Bitcoin but 100% will never be accurate because every second is a new price and you need to adapt to that when participating in trading in the crypto market.

In addition, you also need to have the basic knowledge to deal with unexpected situations and to set a stop loss after trading.

[Hallmader]

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?

Trade with clear figures in mind. That will save you from the unpredictable movements of Bitcoin. You should not set a high % in profit. You should not also set a very low stop loss or you might have a hard time recovering that soon. Set a moderate amount either as a take profit or a stop loss.

[ultrloa]

Sometimes it really hard to apply what people told us here but since you are in tradings maybe much better if you indulge yourself on trading camps there are offering a trading schools which offers techniques on how to trade but if you can't afford to do that maybe the best thing you can do is learn it by experience and don't trade with huge funds until you mastered the market flows.

[Hypnosis00]

Sometimes it really hard to apply what people told us here but since you are in tradings maybe much better if you indulge yourself on trading camps there are offering a trading schools which offers techniques on how to trade but if you can't afford to do that maybe the best thing you can do is learn it by experience and don't trade with huge funds until you mastered the market flows.

There is no need to send them for some trading camps, we can simply learn about trading through the internet, in fact, it flooded around. Only it needs time to trolls on the internet and finds those things that you think it was important and very applicable at your level.
It actually I did it and it was helping enough to learn and be in the actual scenario.

[boris singer]

volatility can still be anticipated in various ways, including running spot and futures trading options with cross techniques, if bitcoin fails to retest prices, then cutloss all spot orders will be touched, and short orders (futures) can cover losses at the same time. This strategy can be profitable but must analyze both market options at once in detail.