Can you protect your Bitcoin from market volatility?

[Bitcasino.io Support]

Hi there,

Cryptocurrency has a volatile market, and there are moments when investors can expect high turnover rates and growth while others aren’t as lucky. In times like this, it’s important to be educated by learning about the ins and outs of managing your cryptocurrencies to avoid drastic changes in the market.

Frequent crypto traders know that investing their digital assets in the market comes with pros and cons. Risks cannot be avoided in any form of investment, so the best thing you can do is devise strategies on how you can protect your digital assets from the volatility of the Bitcoin market.

However, most people wonder if it’s even possible to protect your Bitcoin or other assets from crypto market volatility. You may not be able to avoid it entirely but you can take several measures to lessen its impact on your hard-earned investments.

Tips to protect your Bitcoin from market volatility

Seasoned traders are able to distinguish good investment options from bad ones. However, this ability comes from experience and research. To make the most of your investment, here are some steps you can make to protect your Bitcoin from market volatility:

Personal research and education

Before starting, do your own research and educate yourself on the process of how to invest in crypto. This is especially important for first-time investors and beginners in the world of digital assets. Get an idea of how the market works first and familiarise yourself. The more you know about the market, the more you can make informed decisions on what will benefit your investments.

Read articles online, watch informative videos on YouTube or enlist the help of your friends and family who also invest in crypto. Knowledge is power in this volatile market, and to become adept in both crypto trading and investing, you will need the dedication to find the right information to make the right decisions.

Manage your money

Now that you have an idea of how the crypto market works, you will have to learn how to manage your funds well. Be sure to keep track of your money and have a record of everything you do such as transactions and losses and profits while trading. Managing your money and keeping track of it is an excellent way to protect it from market volatility.

To help you out, you can get tracking apps or platforms to provide assistance. Some of these apps include Blockfolio, Altpocket and CoinTracking. Utilise these tools to manage your investments and get an edge on the market.

Watch the market trends closely

This tip goes hand in hand with managing your money. While keeping track of your funds, be sure to monitor the market trends as well and understand how they move. Check to see if certain patterns affect the market trends and how they relate to the strategies you’re using for your investments.
When your digital assets ascend, descend or stay in a linear position, traders need to be on high alert for what happens next. Some people set reminders to check their funds at least every other day or once a week at most. You can also read about the crypto market and familiarise yourself with the trends, no matter how new or old they are.

Build a good portfolio

An investment portfolio is a collection of data that holds all of your investments and transactions online. You can think of it as putting all data of your cryptocurrencies in one space. If you ever want to look back on some of your previous trades, you can do so in an organised manner by having a good portfolio.
The benefits of having a portfolio go beyond something as simple as collation. You can use it on your own or enlist the help of professionals like fund managers and financial experts. A portfolio will show the pattern of your trading habits and help the experts make an informed decision to improve your trading experience.

Cautious yet streetwise trading

As previously mentioned, the volatility of the crypto market cannot be predicted accurately. You can rely on certain articles or the advice of experts, but you need to have your own trading style as well. To succeed in the crypto market, you have to know when to invest carefully and when to take risks. Always think twice before making a decision.

Think practical and your investments should follow afterwards. You can implement smart trading by learning the ins and outs of the market, doing your personal research and making decisions based on logical reasons instead of just hopping on the bandwagon.

Be open-minded while trading

When investing or trading, don’t be afraid to take certain risks. Try to be open-minded and seek out new trends and strategies that other traders are trying. For example, more people nowadays are looking to try day trading, which is buying and selling digital assets within 24 hours to make a quick profit. There are also other strategies like swing trading and scalping.

Although it seems like the best and safest decision is to stick with your routine, it won’t work forever. If the Bitcoin market is volatile, you should be able to adapt and change with the market to avoid falling victim to volatility and losing your funds.

Thanks for reading and you’re welcome to share your thoughts and tips.

Cheers,
Karl


Source: Bitcasino blog

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[Jawhead999]

Exchange to stable coin might be a forward answer to protect from volatility and only trade with some portion of your money to prevent from huge loss. Volatility is the purpose why people are trading with Bitcoin, since they have a chance to made good sum money rather than other trading asset. Made 1% profit each day is already good, don't be too greedy or you could loss.

[Bttzed03]

Get in early on projects YOU think have long-term potential. That takes a lot of research and it's going to involve a lot of luck too but it will be rewarding if you get it right. Another way is to buy coins on a bear market (again, these projects must be long-term).

In both instances, you won't have to worry about price volatility because you bought them at an extremely low price.

Exchange to stable coin

My first thought when I read the title.

[KevinRosa]

This problem is inevitable, and there are two solutions.

1. Long-term holding plan.
2. Enjoy volatility, collect coins at low prices and increase the number.

Keep a good attitude, don't be greedy, you won't grasp every fluctuation of Bitcoin, this is a thing that requires patience. In addition to the above two points, you also need to recharge faith.

[OcTradism]

- Follow big brains like PlanB, WillyWoo, Glassnode on Twitter.
- Build up your plan as long term, not short term.
- Make investment, not gamble, not trade, and if you trade, let's choose Spot trading rather than Future or Margin tradings.
- If you don't trade, move your Bitcoin from exchanges to non custodial wallets.
Because when you move your coins to your wallets, you will have full control, with private key, password, etc.
You will spend less time to watch chart and the less time you watch chart, the less emotion you have.

[Chato1977]

Its always great to see a thread started with sense by a OP that runs casino and not talking anything about gambling at all this is a rare occasion to see lol.

Thank you @Karl for this worth a read thread and will take note every details you mentioned though i have been using some of them but will add others for my own safeties.

and most of all the very important thing that my mind and heart keeps on telling me?


" NEVER TO BECOME GREEDY" and this is what i am using as reminder for my crypto investing.

[joniboini]

Just keep in mind that those traders' tweets are not gospel. Some of them make tweets so they can take profits from their open position, so you're just being "dumped on" sometimes. For news and stuff like that, it might be okay, but don't follow their call blindly.

If you're short-term traders, use the volatility for your own benefit instead. It's also meaningless if you keep trying to avoid volatility since there's no asset that's free from it. Even stable coin rates are not that "stable".

[Cryptmuster]

Exchange to stable coin might be a forward answer to protect from volatility and only trade with some portion of your money to prevent from huge loss. Volatility is the purpose why people are trading with Bitcoin, since they have a chance to made good sum money rather than other trading asset. Made 1% profit each day is already good, don't be too greedy or you could loss.

Bitcoin also has a tendency to fall in price, so this cannot be a solution to the problem. 1% per day is a very good result, I think very few people can boast of such a stable result over a long period of time.

[noorman0]

Literally bitcoin has a value of volatility as a nature, it will carry over and be unavoidable. By following OP's advice which leads to trading, one does not aim to protect bitcoin from volatility as it preserves active trades. It's also a clear risk of bitcoins depreciating when it actually losing the "buy back" momentum. In my opinion, the way to counter bitcoin volatility is to ignore it. That is, what you are fighting against is your own desire to trade (realize the volatility).

[arwin100]

Well as bitcoin is so volatile for now we cannot protect our assets if we leave it hanging on exchange but if we choose to exchange it on any available stable coin around while the market is collapsing then from that we can save our bitcoins from falling and also by doing that securing on stable coins we can also do buy backs once we see a dip which is the end point of that storm. But if you are a bag holder then maybe its kinda not painful option to hold since maybe in next 4 years you can harvest your coins once bitcoin pump up and reach 6 digits or maybe even more.

[michellee]

If you want to protect your bitcoin from market volatility, you just need to hold it and do not take a look at the market because that can make you confuse and sad if you see the price moves to a low price than the price you bought. But if you want to protect your fiat money value, you can sell your bitcoin every time the bitcoin price increase and buy back more bitcoin when the price is down deeper. By doing that, I am sure you can protect your fiat money from reducing the value because of the volatility. At the same time, you can also increase your fiat money and bitcoin amount because you can sell and make a profit in fiat money while you can buy back more bitcoin with that money.

[Obito]

Yes you can protect your bitcoin from market volatility, one way that I can think of that you can protect your bitcoin from volatility is by hodling, it doesn't avoid the dumps but at the same time you will still have the bitcoin even if the prices are down. Plus, volatility is unavoidable to bitcoin so it's not like it's something that you should actively avoid if you aren't an active trader.

[awik p]

Bitcoin price fluctuations are something natural, because they are formed from the law of supply and demand, with different people's thoughts and views on the market, so there are traders who sell and buy, resulting in a green or red candle. if we hold bitcoin, then the amount will remain the same, only the value fluctuates. bitcoin is not a stable coin, if that happens, I don't think there is anything special about bitcoin, and speculators I don't think are interested in coming, because they certainly can't make a profit

[electronicash]

every trader rely to stablecoin when they see the price is getting too huge because they alsk knew price will drop soon. its always the stablecoin as the go to cryptocurrency whenever its about to pop.

holding is a not a good idea. somehos it crosses my mind to go for POS token but their value also drops when bears rule the market.

[LFC_Bitcoin]

The best thing you can do is see bitcoin as a long term investment. Don’t expect quick profits because it’s still an immature, new market & can be highly volatile. Nobody who HODL’s for 4+ years ever lost money so my advice is is to buy regularly but don’t obsess about price. Bitcoin is one of the best investments around if you are able to hold medium to long term.

[avikz]

There is actually no way to protect our bitcoins from the market volatility, in literal sense! But keeping an eye on the market ups and downs, can bring enormous opportunities that people don't always realize. When the market is actually trading at a lowest price range, people fear that the market will go down further so they don't buy. But when the market shows an upward trend, they all rush to buy in when half of the potential profit is already gone. That's the loosers mindset.

People with winner's mindset, enter at the lowest price range and book profit at the peak. Every volatility is an opportunity!

[BOAEDAN]

if we want to protect our bitcoins from the market, maybe a simple step we have to do is, to always hold our bitcoins, don't be easily provoked by market prices, at least we have to hold our bitcoins for more than 2 years, so we can take profits in the market. future..

[Cvetik56]

You can't protect BTC form volatility. But you can protect yourself from it. Invest only what you can afford, invest on the dips, make research and stay calm.

[dkbit98]

Why would we need to protect from volatility if volatility is working in out favor long term?
Sure, if you are a regular everyday crypto trader you need to follow all the news, charts and be constantly under pressure for making some profit, and it is almosut guaranteed that you will lose money at some point.
What we need protection from is governments, broken monetary system and fiat currencies that are gradually losing value every day.
Bitcoin is best protection we have for that.

[isaac_clarke22]

~

...and why protect ourselves in volatility if it can't be controlled in the first place?
Risk and the volatility in the market when we invest is only manageable, but not able to be eliminated for obvious reason that the market is decentralized.

Trading is just one way to manage through the volatility. People could just go and stop loss through it.
Another one I could think of in trading is that one could also just trade their Bitcoins with stablecoins for obvious reasons, but I wouldn't advise people hodling their stablecoins as it capable of being frozen.