dark08
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December 19, 2019, 01:00:31 PM |
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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 are real trader you need to know how to manage your fund this is important also your emotion specially when market started to move like dumping and pumping most people will say to you "just follow the trend" but not all the time the market will be your friend thats why you need to manage risk.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Sadlife
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December 19, 2019, 01:29:19 PM |
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I've been there countless times that happens to novice like us in trading, i even tried trading below support line back then, i didn't know what it means and to never trade when price is near the support line. Also bought btc, then price suddenly dumps when i saw that i panic and sell without thinking to hold and wait for the price to recover. Now i watched expert crypto traders in order to have some insights.
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d3nz
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December 19, 2019, 02:46:25 PM |
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Handling the volatility of Bitcoin is very risk and you really need to manage your funds in proper way of investing and trading and once you feel that you are making a mistake then pull it out immediately.
The only problem is when you put all of your money and invested it in one tokrn/coin and that would take a big risk and you may need to wait if the vakue really plummet really hard until it goes up again.
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pawanjain
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December 19, 2019, 02:58:53 PM |
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There is only one weapon that can be used to treat such bitcoin volatilities and that is patience. With patience you will be able to wait for the sudden drops to recover and hence your portfolio won't be affected because of bitcoin volatility. And I seriously mean it when I say you must have patience it means you must tolerate the negative % until it becomes positive.
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aardvark15
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December 19, 2019, 03:06:50 PM |
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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?
Set a stop-loss to prevent a big loss. You can also try using smaller trades. Then if the price drops you have additional buying power to buy more at a lower price for better positioning.
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wajik-tempe
Sr. Member
Offline
Activity: 1022
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TonUp.io | 🔥Ultimate Launchpad on TON
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December 19, 2019, 03:09:26 PM |
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There is only one weapon that can be used to treat such bitcoin volatilities and that is patience. With patience you will be able to wait for the sudden drops to recover and hence your portfolio won't be affected because of bitcoin volatility. And I seriously mean it when I say you must have patience it means you must tolerate the negative % until it becomes positive.
Legends said patience is the key of success in cryptocurrency, but for me just be patient is not enough , we always have to find any chance to get profits even it's really small we have to be able to take the chance. keep up to dates with the market and the news even when we are not in trading
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cryptoangel
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December 19, 2019, 03:50:07 PM |
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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 are real trader you need to know how to manage your fund this is important also your emotion specially when market started to move like dumping and pumping most people will say to you "just follow the trend" but not all the time the market will be your friend thats why you need to manage risk. Beginners are not a experts in trading platform so they learn some knowledge in gradually on crypto market. Nowadays everyone participate the trading so it is more volatile in Bitcoin. I always recommend the Bitcoin and top altcoins because of future resistance, Those are all looking for learning and profit for each investment they make hard to work on all the investment.
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Mahanton
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December 19, 2019, 04:23:12 PM |
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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 are real trader you need to know how to manage your fund this is important also your emotion specially when market started to move like dumping and pumping most people will say to you "just follow the trend" but not all the time the market will be your friend thats why you need to manage risk. Beginners are not a experts in trading platform so they learn some knowledge in gradually on crypto market. Nowadays everyone participate the trading so it is more volatile in Bitcoin. I always recommend the Bitcoin and top altcoins because of future resistance, Those are all looking for learning and profit for each investment they make hard to work on all the investment. Not bad on suggesting bitcoin as a choice for investment but doesnt mean that it will always gives out guarantees on making money. Investing do still have those risk i shall say. We do start on being a noob so its just normal for us to commit mistake on very first try.Soon youll realize regarding on your mistakes and would be aware on your next possible move and when it comes to handling bitcoin volatility then it wont be simple and also you would get used to it as time pass by.
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el kaka22
Legendary
Offline
Activity: 3500
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
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December 19, 2019, 04:50:54 PM |
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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 personally think that it is more about mentality than the money aspect of it. Think about it for a second, if you were worrying about what the price would do then what would you do? You would sell right well the reality is that if you sell the price will fall of course. In reality the mentality of everyone involving bitcoin is the thing that actually causes the price of bitcoin like when people are bearish of course it falls. In stock markets if you are bearish on a stock but the stocks company actually profits more than expected there is a way it will still go up yet that is not the way bitcoin or any other crypto works. So if you are really worried about what bitcoin will do, remember you are the cause.
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Reid
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December 20, 2019, 09:04:26 AM |
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Those fluctuation will be normal. If you are monitoring it for a few hours then you might not see it at all. Try a day or two. But if you did see that swaying movement in just minutes then good for you. That is already a good experience. Now, how will you prevent loss. It's easier said than done. Control yourself. I may be trading for quite some time but emotions will always be there. You tend to get greedy and look for more profits or you will be stopping the order just because you are already in panic of more loss.
If you could somehow prevent those then I think you will be successful.
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DevilSlayer
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December 20, 2019, 02:29:33 PM |
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Those fluctuation will be normal. If you are monitoring it for a few hours then you might not see it at all. Try a day or two. But if you did see that swaying movement in just minutes then good for you. That is already a good experience. Now, how will you prevent loss. It's easier said than done. Control yourself. I may be trading for quite some time but emotions will always be there. You tend to get greedy and look for more profits or you will be stopping the order just because you are already in panic of more loss.
If you could somehow prevent those then I think you will be successful.
You can handle the volatility of the bitcoin if you have a lot of trading setups. You will get used to it if you will keep studying and researching. I'm a type of trader who always seek for learning and experience. Volatility is really sucks but I manage to learn and understand how it works so I using the volatility of the bitcoin to earn profit in just short period of time.
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Landak
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December 20, 2019, 04:51:49 PM |
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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 it were me, I would have to be more patient and think positive because if we are provoked by uncertain conditions, we ourselves will lose, having been panicked several times and immediately making a momentary decision, but apparently the price of bitcoin in few hours returns to normal (initial price when buying). after accustomed to all that, the bitcoin volatility can be faced calmly just like now.
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HILIH KINTIL
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Oceat
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December 20, 2019, 05:58:03 PM |
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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 it were me, I would have to be more patient and think positive because if we are provoked by uncertain conditions, we ourselves will lose, having been panicked several times and immediately making a momentary decision, but apparently the price of bitcoin in few hours returns to normal (initial price when buying). after accustomed to all that, the bitcoin volatility can be faced calmly just like now. Did you mean trading without affecting your emotions? Of course, trading and gambling is almost the same. We should trade according to our plan and stop thinking something which isn't part of the plan because that would be a hindrance to us when we are trading. Patient is the main thing if you are in a volatile market that's why you need to have this to control your emotions when trading.
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3996
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doomloop
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December 20, 2019, 06:32:35 PM |
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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 are real trader you need to know how to manage your fund this is important also your emotion specially when market started to move like dumping and pumping most people will say to you "just follow the trend" but not all the time the market will be your friend thats why you need to manage risk. In order to be a successful trader in the crypto market, you have to be a vigilant trader who is aware of all the risk he or she is taking and also alert about what is happening around him. There is no way one becomes successful trader without having sound knowledge of the trading market. Emotions come into action actively when your coins are going down in the market. You need to manage stress at that time.
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Sebas.tian
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December 20, 2019, 08:04:51 PM |
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Although one cannot say him her know how to handle bitcoin volatility in this market because we all suffer the same shock when Bitcoin move. From all indications both the newbies and the experts suffer from this highly volatile digital assets. Sometimes, I take profit to stop loose while sometimes I obey the rule of long-term.
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wxa7115
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December 20, 2019, 08:35:49 PM |
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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?
The only way to account for the bitcoin volatility is to use your money management skills to protect your money, how can you do that you may ask? It is really simple you need to set a very wide stop loss, now the problem if you do that is that you could lose a lot of money so a way you control the money that you lose in the case the market of cryptocurrencies goes crazy is to reduce the amount of capital that you use in each one of your trades. Unfortunately this has the side effect of reducing your profits but it is a reasonable price to pay in order to reduce your losses during those episodes.
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AjithBtc
Sr. Member
Offline
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
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December 20, 2019, 11:58:04 PM |
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I usually when it seems like profitable already for me. I convert it into my local currency whenever slight decrease happened then just keep hodling on it til something from the bull's table happen. I don't usually monitor Bitcoin price like refreshing it every 5 minutes or more than 10 times/day, because that is gonna be stressful for me and I might lose a lot of hair from that. Good plan converting to the local currency once some profit is made out of the market trend through trading. This means leaving the capital in terms of bitcoin and taking away the profit will keep us on the secure side than losing big on sudden market fluctuation. Apart from the same as most users suggested it is good to spend what you can afford to loss. This will let the trader go for choice without much complications on living standard.
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CryptopreneurBrainboss
Legendary
Offline
Activity: 2240
Merit: 4135
eXch.cx - Automatic crypto Swap Exchange.
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December 21, 2019, 04:09:41 AM |
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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 have always hopped for an exchange that has an automatic system that a trader when using the stop loss or take profit feature can easily convert his/her profits/coins to stablecoins to avoid the volatile nature of bitcoin but since that isn't available automatically yet (to my knowledge) I think the best way to tackle OPs problem is by been present when trading and immediately you're done, you can trade your profits into stablecoin. Also you should only Invest the capital that you're willing to lose since the market is very unpredictable. Before you engage in trading you get your educated, gamiliar with managing your emotions as it'll be very vital in instance like this, while inexperienced traders will immediately panick and probably sell in losses, experience traders will always look for a way to profit out of the situation.
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TRONTON
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December 21, 2019, 06:18:17 PM |
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many people still do not use stoplimit and underestimate it, they are also too eager to use orders with maximum assets on the grounds of higher profits for each percent, the latter is lazy to understand charts with indicator variables, just by following signals or looking at charts blindly.
However, these three things must continue to be adjusted to at least face fluctuating price movements.
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Karmakid
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December 22, 2019, 05:13:34 AM |
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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.
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