Minimizing the risk- How much possible it is?

[bitbunnny]

You can't avoid risk completely but you can diminish it. First of all, don't ever invest more than you can take. Also, don't put all eggs in just one basket which means that you should diversify your portfolio and choose different types of investment. It's also important not to be greedy and to set realistic goals that you can achieve and always to have a back up strategy.
Even when you are doing the best in trading don't forget that losses are always possible and be prepared to make decisions fast and without hesitating.

[Lanatsa]

You can't avoid risk completely but you can diminish it. First of all, don't ever invest more than you can take. Also, don't put all eggs in just one basket which means that you should diversify your portfolio and choose different types of investment. It's also important not to be greedy and to set realistic goals that you can achieve and always to have a back up strategy.
Even when you are doing the best in trading don't forget that losses are always possible and be prepared to make decisions fast and without hesitating.

Wrong thing here on most people is that they do rush up on making profits which do results into mistakes and setting realistic goals rather than rushing up yourself
on thinking on making big profits or income.Risk is inevitable but somewhat can be suppressed depending on how you do make up such decisions.As said time will come
that losing is there and your experience and knowledge will tell you on how to deal with those things.Minimizing risk wont really be that easy but not impossible.
Just dont rush and always carefully think on steps that you should take first.

[fullhdpixel]

Just because it works for stock investment does not means, it will work for cryptocurrency trading.
Every thing about crypto is just unpredictable. And its funny to say that the time or period we think that the there won't be price increase, it might suddenly skyrock.

It does work in crypto trading if you do it the right way. When you buy any coin you must have the prior knowledge why the price should rise and why it might fall. I mean you cannot expect an immediate J-curve with any crpyo pair but you might very well see that in long term the coin will do good. You just need to make sure that the coin you are buying is not just because you heard about it, you must know something about it like we do in stock investment.

If best, stop listening to price prediction, and follow your instinct. Many of those predictor have ended up misleading. Make research of coins, and stick to three of them.

Crypto trading does not work like that, I have had strong instincts for many coins and ICO's but they ended up being crap as others suggested me. You have to be with the market to make profit in the market, you cannot swim alone.

[maydna]

Is hard to get profit when risk a lot. i can't risk much as i'm not the best trader , i preffer to buy low and sell high

You can follow that way to make a profit, but you need to remember that you must have a good time to determine the low price. Otherwise, you cannot get the low price. You can prepare to buy the coin when you see the red candle appear in the market so you can decide on how much money you want to use to buy the coin.

Besides that, you should be careful because the price can get down for more if there are dump happen in the market, so you need to have more money in your account to buy more amount.

[Mahanton]

Is hard to get profit when risk a lot. i can't risk much as i'm not the best trader , i preffer to buy low and sell high

You can follow that way to make a profit, but you need to remember that you must have a good time to determine the low price. Otherwise, you cannot get the low price. You can prepare to buy the coin when you see the red candle appear in the market so you can decide on how much money you want to use to buy the coin.

Besides that, you should be careful because the price can get down for more if there are dump happen in the market, so you need to have more money in your account to buy more amount.

Easy to say but really hard to be done on just simply trying to buy low and sell high. We do always try to look for the bottom but with this very unpredictable market this had always been a difficult job.
We do try our bets to minimize the risk as we can but due to volatility we do really get confused nor even panicked when the price tends to go opposite on what we do expect.
As said by other which experience will be the thing that matter most yet this will be the thing will push you to make good analysis which in result in good trades.

[maydna]

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Easy to say but really hard to be done on just simply trying to buy low and sell high. We do always try to look for the bottom but with this very unpredictable market this had always been a difficult job.
We do try our bets to minimize the risk as we can but due to volatility we do really get confused nor even panicked when the price tends to go opposite on what we do expect.
As said by other which experience will be the thing that matter most yet this will be the thing will push you to make good analysis which in result in good trades.

Yes, even the pro trader will feel the same as us. Trying to search the lower price will be difficult, but we can try to check the pattern from the last time of the low price. If we can find that pattern, I guess that we will see that there is a signal to find out and predicting the lower price. Although we cannot always get the lowest price, it will no problem because we already get a lower price.

If we only bet to minimize the risk, that will not always work because you know that the crypto market is unpredicted, and if we cannot find the pattern, we will not have a chance to minimize the risk. So we need to learn more to find a good time to buy at a low price and sell at a high price.

[Negotiation]

Is hard to get profit when risk a lot. i can't risk much as i'm not the best trader , i preffer to buy low and sell high

I agree with you that once the damage is done it's much harder to reduce it That's why I also try to avoid risk in the workplace For this reason I control my emotions and base my education in various places and then trade. Many times it is not possible to reduce a single loss.

[Botnake]

I suck at trading in volume. I prefer just buying BTC and maybe some alts with money i can lose and check later on in a (few?) year(s).

Years would be good if you are into long term investment, but you don't only hold that for years, aside from that, you also need to ensure you have a target amount to sell your bitcoin and altcoins so you will not miss the opportunity, the best time to sell is when there's a bull run, so aim high as everything possible when there's a bull run.

[TheUltraElite]

Exactly, this what everyone should focus on diverting our investment into different other potential coins and it will surely help us to make decent profits when those coin prices start increasing. We don't know when the coin prices are increasing or decreasing and everything based on the market situations.

Too much diversion is again bad. There needs to be a balance between keeping your money in the form of cryptocurrencies, stocks, bonds commodities, precious metals and liquid cash. You have that and you have the opportunity to ride a wave in every market. You dont have to watch while another popular market goes up with a fist on your chin and a lopsided grin

But diverting too much within the crypto sector like putting in money in too many altcoins is risky. What you need to focus on is bitcoin and keep the altcoins to a bare minimum for the long term.

[milewilda]

Exactly, this what everyone should focus on diverting our investment into different other potential coins and it will surely help us to make decent profits when those coin prices start increasing. We don't know when the coin prices are increasing or decreasing and everything based on the market situations.

Too much diversion is again bad. There needs to be a balance between keeping your money in the form of cryptocurrencies, stocks, bonds commodities, precious metals and liquid cash. You have that and you have the opportunity to ride a wave in every market. You dont have to watch while another popular market goes up with a fist on your chin and a lopsided grin

But diverting too much within the crypto sector like putting in money in too many altcoins is risky. What you need to focus on is bitcoin and keep the altcoins to a bare minimum for the long term.

Everything which is too much is always bad.!

When we do talk solely on crypto investment then 80% would be on BTC and 20% on alts but well this would vary on each person
yet we do have our own will and instinct on where we do like to put or throw up some money.Risk is always there but doesnt
mean that diversifying would be always good from time to time.

[jostorres]

Normally, the stablecoins made sure that minimizing the risk was there, because before they were a thing, people would have to withdraw their money to fiat instead of stablecoins, nowadays it is easier to stay in crypto by just moving from a crypto to stable and then go back, a lot easier than doing the same with fiat for example.

That is probably the best way to minimize your risk since you basically get out of the crypto market all together while also staying in crypto market at the same time, which is a marvelous invention if you ask me. Aside from that I doubt there is a better one, you can secure your coins by using a hardware wallet for example but that is more about security and not minimizing the risk of losing value when the coins are dropping in price.

[wxa7115]

Exactly, this what everyone should focus on diverting our investment into different other potential coins and it will surely help us to make decent profits when those coin prices start increasing. We don't know when the coin prices are increasing or decreasing and everything based on the market situations.

Too much diversion is again bad. There needs to be a balance between keeping your money in the form of cryptocurrencies, stocks, bonds commodities, precious metals and liquid cash. You have that and you have the opportunity to ride a wave in every market. You dont have to watch while another popular market goes up with a fist on your chin and a lopsided grin

But diverting too much within the crypto sector like putting in money in too many altcoins is risky. What you need to focus on is bitcoin and keep the altcoins to a bare minimum for the long term.

I would argue that trying to diversify in altcoins is not true diversification and if anything you are increasing your risk if you do that, most altcoins with the exception of stable coins are correlated to bitcoin so you are not really getting a lot of protection from them.

However as we know many altcoins are not good investment prospects and are in fact shitcoins, anyone holding a large amount of those coins will sooner or later lose his money, true diversification and the minimization of risk it carries only comes from choosing several different markets, this is like trying to diversify yourself from the stock market by buying several different stocks.

[mersal]

As long as we are choosing the best crypto currencies the risk factor gets reduced in long term trading but for short term it is still relevant so trade based on btc value or USD value and try to make more reap for that day then think about moving to another coin if it becomes less volatile or lost interest from more crypto traders which can be identified by watching their daily traded volumes.

[LUCKMCFLY]

A type of diversification of that style in the Crypto market that I have only seen in the coins that make Pump and Dump, but it is because it is their form of survival.

Since Bitcoin is the King's currency, all alternative currencies follow Bitcoin, because alternative currencies have no life of their own, if Bitcoin goes up, the immediate effect is that alternative currencies go down, if Bitcoin goes down in the same way, so that other cryptocurrencies rise in price, Bitcoin must remain on a lateralization or upward trend, in the case of the 5 main alternative currencies of the CMC, the graphics are very similar to those of Bitcoin, and it is logical, they follow the same path of Bitcoin And that's why it's his behavior. I think that a more viable way to diversify would be with gold or real estate investment.

[Hippocrypto]

A type of diversification of that style in the Crypto market that I have only seen in the coins that make Pump and Dump, but it is because it is their form of survival.

Since Bitcoin is the King's currency, all alternative currencies follow Bitcoin, because alternative currencies have no life of their own, if Bitcoin goes up, the immediate effect is that alternative currencies go down, if Bitcoin goes down in the same way, so that other cryptocurrencies rise in price, Bitcoin must remain on a lateralization or upward trend, in the case of the 5 main alternative currencies of the CMC, the graphics are very similar to those of Bitcoin, and it is logical, they follow the same path of Bitcoin And that's why it's his behavior. I think that a more viable way to diversify would be with gold or real estate investment.

It could be a usual mindset that most coins were depending on how it's going to be affected with bitcoin's increase, but for now I would still remain fair on what I believed. Because as far as altcoins were most concerned here, that doesn't confirmed with the actual changes that we see right now in the market. Most of the promising coins that pumped the highest during 2017, has no definite position to obtain a nicer price nowadays. In fact it has a slow trading volume compared with bitcoin.
In order to minimize some possible risk, never panic and choose holding while there's still chance for altcoins to soar back higher.

[Janation]

I agree with you that once the damage is done it's much harder to reduce it That's why I also try to avoid risk in the workplace For this reason I control my emotions and base my education in various places and then trade. Many times it is not possible to reduce a single loss.

Controlling your emotions is not enough.

You should also control the money you are investing in a certain cryptocurrency. Emotion is not always a problem in trading. With this kind of market that is so volatile, you don't know what may happen so it will really start with what you know and how you can manage your balance in this fast phase market.

[hahay]

As long as we are choosing the best crypto currencies the risk factor gets reduced in long term trading but for short term it is still relevant so trade based on btc value or USD value and try to make more reap for that day then think about moving to another coin if it becomes less volatile or lost interest from more crypto traders which can be identified by watching their daily traded volumes.

After all, when you have chosen the best coins it is very likely that demand will not decrease so that price movements will always occur there, if so then come back to yourself, whether you can be consistent or not, because when you are easy to be pessimistic then the risk of loss will be bigger than before.

[DevilSlayer]

There are a lot of factors that should be considering in order to lessen the risks in trading. First we must identify first what type of trader are we, are we passive trader or are we a active trader? By identifying that, we can knownwhat type of strategy that is applicable to use. Strategies of long term and short tern trader are not the same so it is better if we will know what type of trader are we. The second is we should be prepared on unexpected situation because it is a game of probability where there are always chances of winning and losing.

We should also focus on our risk and management, it is the best way if we want to lessen the risks in trading. We should always have a plan before a trade where we can create tactics and specially cut loss strategy. Diversification is also matter and be sure that do not invest all of your money in just 1 coin. Spread it in 3-5 altcoins because it is the preferable diversification. We cannot totally remove the risks but we can lessen it if we really understand the market and if we know what we are doing.

[mbakruroh]

Lately, I am thinking of spending more time into trading. Until now, I was a part time trader (actually holder) looking into only a few top ranked coins. Now, I have decided to go deep and try to make some profit.

First you already go into next level, congratulations. Chance to win ( possibility ) is same 50 - 50 but by using management risk it will not giving you bigger profit but saving you from bigger lost. Most people avoid it because must doing calculation and fit it with their target and money, that wasting time. Protection is our priority, use it and profit is our prize.

[Twentyonepaylots]

There are a lot of factors that should be considering in order to lessen the risks in trading. First we must identify first what type of trader are we, are we passive trader or are we a active trader? By identifying that, we can knownwhat type of strategy that is applicable to use. Strategies of long term and short tern trader are not the same so it is better if we will know what type of trader are we. The second is we should be prepared on unexpected situation because it is a game of probability where there are always chances of winning and losing.

We should also focus on our risk and management, it is the best way if we want to lessen the risks in trading. We should always have a plan before a trade where we can create tactics and specially cut loss strategy. Diversification is also matter and be sure that do not invest all of your money in just 1 coin. Spread it in 3-5 altcoins because it is the preferable diversification. We cannot totally remove the risks but we can lessen it if we really understand the market and if we know what we are doing.

This is pretty much the things that every trader should keep in mind. Everything summed up in one comment. This not only minimizes the risk you are to suffer as a trader but this also leverages the chances of you getting big profits in the crpyotcurrency trading world. If I could just add one thing, I'd include to not buy or sell impulsively. Observe the graphs and the market. If you don't know how to read graphs there are free videos to watch that'll help you gwt a deeper understanding. It's hard to predict cryptocurrency prices but if you are saving a relatively stable coin, then this will help. For volatile coins reading charts and news could give ypu valuable insights on what step to take next. That way you can reliably purchase or sell a cpin if you must.