Crypto Mistakes That Could Ruin Your Portfolio

[Iamcrypticguy]

Market crashes happen, but staying liquid having cash or easily sellable assets keeps you in the game.

On Feb 6, Bitcoin and Ethereum dropped hard. Many traders got wiped out because they overleveraged or panicked. I didn’t. Why?

I limit risk: only 1–2 futures trades at a time.
I stick to my RRR (risk-reward ratio). No exceptions.
I hedge with low-risk, passive income (like this 6% APR yield).


This way, even if the market crashes, I’m not forced to sell at the bottom. I stay liquid and ready to buy when prices rebound.

Now BTC is $70K, ETH $2,100, and I’m still trading while others are recovering from liquidations.

So I'm curious m, How do you protect yourself when the market flips?

I

[_act_]

I think this topic should belong to trading discussion so far you are referring to trading and trading asset liquidation.

I saw a post yesterday on this forum that impatient traders will lose money for the patient traders. This topic is also similar because it is still about to be patient but many traders want fast money, that triggers them to risk higher and lose faster.

It is better for some people not to trade because they will always be greedy, not following their own trading rules but be making mistakes. Any trader that make mistakes for 6 months should just stop trading.

[asriloni]

So I'm curious m, How do you protect yourself when the market flips?

Ma best strategy during the market flip is converting everything into the stable, then becomes a yield hunter. there are plenties of defi strategy that can let us to get yield. So this is really tempting when we get decent passive income combined with zero risk to face impermanent lose.

However, i'm now actively yielding on the CEX(Binance). You mentioned 6% yield on Bitget, which is very small. Why don't stick to Binance with 15% APY ++++.  

That's the reason i dislike Bitget.

[Findingnemo]

I think this topic should belong to trading discussion

IMO, the thread should be trashed, look at the OP's feedback and then we will realise the real intention behind this thread.

Unfortunately, these users are getting away with not posting anything in the texts but add image with the name of BG on it and makes it looks like a valid one. Hope mods will delete these kinds of threads too.

[Orpichukwu]

I think this topic should belong to trading discussion

IMO, the thread should be trashed, look at the OP's feedback and then we will realise the real intention behind this thread.

Unfortunately, these users are getting away with not posting anything in the texts but add image with the name of BG on it and makes it looks like a valid one. Hope mods will delete these kinds of threads too.

Sometimes the OP actually does present a good topic but uses his or her Bitget shilling to ruin the whole thing, and this type of thread will continue to exist. I doubt if mods will get it deleted; the OP knows exactly how to publish shilling content which won't appear as if he or she is breaking any of the forum rules. The best thing to do is to add the dude to your ignore list if you are tired of seeing the BG promotion.

[passwordnow]

That is good if you're not panicking when the market drops a lot. You're one of the many traders and holders that don't panic because you know what you're doing.

So I'm curious m, How do you protect yourself when the market flips?

Nothing.
There's no protection or such but by doing nothing, you can protect yourself from doing bad things and mistakes. Avoiding them by having nothing to do is also a good one if you've experienced or you just let that fear you have to pass on.