Can you protect your Bitcoin from market volatility? - page 4.

GeorgeJohn

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Quote from: JerryKin on August 08, 2021, 11:24:38 AM

Why do you want to protect yourself from the inevitable. The volatility of Bitcoin is one of it's major peculiarities. If you want something stable and steady, bitcoin might not be the best option for you. The volatility has actually made alot of people wealthy at the same time many became poor depending on what direction the market went.

In my opinion, You can only wisely manage your Bitcoin by knowing the perfect time for you to trade or when not to.

Yes course you can protect your bitcoin, it's obvious that bitcoin two impact or two step to adventure into, which are positive or negative, which i may likely classify as advantages and disadvantages, both the (positive and advantage )whereby you make a profit in cryptocurrency and (negative and disadvantages) are the process whereby you lose as you said, but to protect your BTC is a process know when will you sell and when to buy in order to make a profit.

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Quote from: JerryKin on August 08, 2021, 11:24:38 AM

Why do you want to protect yourself from the inevitable. The volatility of Bitcoin is one of it's major peculiarities. If you want something stable and steady, bitcoin might not be the best option for you. The volatility has actually made alot of people wealthy at the same time many became poor depending on what direction the market went.

In my opinion, You can only wisely manage your Bitcoin by knowing the perfect time for you to trade or when not to.

It's just a question on the title but OP has given certain points and advises on what we should for you to become at least knowledge in the market.
It is true that volatility is inevitable and that's why you need to be informed especially the newbies that are just buying bitcoin without knowing those points.

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Quote from: DoublerHunter on August 07, 2021, 04:59:16 PM

Quote from: ivankoh on August 05, 2021, 12:03:16 PM

Why, my thinking is the opposite. Volatility is bitcoin's biggest draw compared to the rest. Everything revolves around bitcoin. Volatility creates a great return on investment. If bitcoin loses its inherent volatility, risk, I would rather go with gold or forex. Lol, practice risk management and increase your reserves somehow. Don't look at the dollar value in the basket of assets it will lead us astray.

^ That it is, the word volatility of BTC is the perfect way of making a profit, and this is what we get profit through volatility, if you don't want this, why not invest in gold and other stock that does not have volatility. The nature of BTC is to have a volatility price and most commonly it is an unpredictable price. So there is no way that you can protect your asset not unless if you decided to sell while at a lower price it means you accept blindly your losses. Somehow, the OP was right, all those said were right, there should be proper asset management and I believed as long as you don't take action and selling them, there is no loss that will happen.

This is what a lot of people really do not get, the volatility of bitcoin can play against you if you do not know what you're doing but it can play in your favor if you do, which is why speculators love this market as bitcoin can present very extreme movements that you cannot usually see on the stock market, now that doesn't mean that I do not understand why this can be problematic for newbies but if they cannot deal with the volatility then it is better that they move to other markets before they come to this one.

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Why do you want to protect yourself from the inevitable. The volatility of Bitcoin is one of it's major peculiarities. If you want something stable and steady, bitcoin might not be the best option for you. The volatility has actually made alot of people wealthy at the same time many became poor depending on what direction the market went.

In my opinion, You can only wisely manage your Bitcoin by knowing the perfect time for you to trade or when not to.

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Quote from: jakdanyel on August 07, 2021, 05:05:53 PM

To be honest, I also don't think that anybody can protect themselves from the market volatility fully. Because nobody can know when the price will dump or skyrocket. There is no sign for it. Some people believe in some positive or negative news about Bitcoin to affect the price. But it's not the situation anymore. Bitcoin is stronger than before. So, you can be careful until some point but after that it is about luck.

The only option to protect investors and hodlers from market volatility is to exchange their cryptocurrencies to a stable coin like USDT and BUSD however those coins would have been in exchange wallet which is not advisable, although long term hodlers might not necessarily have a feeling of price volatility, we are all aware of hacking of exchanges, on the other hand market volatility is an important and crucial tool for traders to earn profits consistently however it can equally rekt or liquidate many trader portfolio especially the inexperienced or those trading with high leverages

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For the active trader and thinking about avoiding the volatility of bitcoin, it could be the case of using the pair of stablecoins.
But bitcoin has many types of holders, there are investors who think about investing for a long time. This type of investor is the one who does not sell bitcoin, on the contrary, he buys more when the price is low.
In this case, volatility is favorable because it invites you to buy.
If you don't sell your bitcoin you don't lose, is another thought.

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Maybe you can't protect your coins from market volatility but you can have them under control as much as possible. And the tips you have shared would be beneficial for people. Experienced investors know what to do better than inexperienced ones. But people who have no idea should do a detailed research before starting to invest into any cryptocurrency. Thanks to this, they can also follow the market closely.

Yeah, that's what differentiates experienced traders from those who are just starting their trading career or people with very little experience. It's the fact that, they put in the work to ensure that their trading and investment activities don't go to waste no matter the level of risks involved. One of the biggest mistakes I've seen people make especially beginners is that, they tend to skip steps when they want to start investing or trading the crypto markets. They just think that the process of doing sufficient research and due diligence is time consuming and not too important or necessary but in hindsight, it is.

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To be honest, I also don't think that anybody can protect themselves from the market volatility fully. Because nobody can know when the price will dump or skyrocket. There is no sign for it. Some people believe in some positive or negative news about Bitcoin to affect the price. But it's not the situation anymore. Bitcoin is stronger than before. So, you can be careful until some point but after that it is about luck.

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Good write up OP but what I see here just makes you more knowledgeable about the crypto ecosystem and kind of opens up your mind to what crypto can throw at you, and possibly makes you smarter on how you make your cryptoinvestments..
But lets talk facts, I don't think there is a way to protect yourself from market volatility if you own some bitcoin or crypto. This phenomenon affects everyone of us and the second you choose to get into cryptocurrency that fence that you had protecting you from crypto is demolished.

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Quote from: ivankoh on August 05, 2021, 12:03:16 PM

Why, my thinking is the opposite. Volatility is bitcoin's biggest draw compared to the rest. Everything revolves around bitcoin. Volatility creates a great return on investment. If bitcoin loses its inherent volatility, risk, I would rather go with gold or forex. Lol, practice risk management and increase your reserves somehow. Don't look at the dollar value in the basket of assets it will lead us astray.

^ That it is, the word volatility of BTC is the perfect way of making a profit, and this is what we get profit through volatility, if you don't want this, why not invest in gold and other stock that does not have volatility. The nature of BTC is to have a volatility price and most commonly it is an unpredictable price. So there is no way that you can protect your asset not unless if you decided to sell while at a lower price it means you accept blindly your losses. Somehow, the OP was right, all those said were right, there should be proper asset management and I believed as long as you don't take action and selling them, there is no loss that will happen.

sunsilk

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Market volatile is already natural. I think no matter what happen to our bitcoin as long we not sell it then we not lose it. And honestly i think we don't need to protect our bitcoin from market volatily. Because without that, how we can made profit when in other side a lot of people want to buy bitcoin to gain profit.

It's just a suggestion and if you think that you're fine dealing with its market's volatility then you're good to hold for long term. Usually, the newbies cannot bear the volatility that bitcoin has.

They're making themselves put into negative thinking that it's not good to see bitcoin fluctuate because they're only thinking of the profit. Who doesn't think of the profit? all of us are but there's a process that everyone has to go through after investing to bitcoin.

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High volatility has become a characteristic of bitcoin and is indeed very risky. no one will be able to protect the bitcoins owned from the volatility that occurs. many factors cause bitcoin volatility, negative sentiment that often occurs causes bitcoin prices to tend to be unstable and forced to continue to fall, besides bitcoin volatility is also caused by a limited supply of bitcoin with increasing demand.
experts say volatility was not always as bad as it is today. Bitcoin is no longer dominated by retail investors. Investment managers and financial firms in the United States (US) have flooded the crypto market in the past year.

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Quote from: Shasha80 on August 04, 2021, 10:50:34 PM

Quote from: Charot12345 on August 04, 2021, 10:28:08 PM

Well what you said is very helpful to everyone to the beginners and also to those who already have experiences. By following your recommended tips mentioned above it can really lessen the risk of losing to much and rising the percentage of getting successful.
The best and first thing to to do when you go inside the wolrd of bitcoin and cryptocurrencies you need to accumulate knowledge, to study, read and read and seek advices to make a wise decisions in the future and makes volatility your advantage. It is the weapon you can use to protect your bitoin against the volatility.

After I have been around 5 years in the crypto world, I agree that the best way to protect the Bitcoin we have is knowledge. Without knowledge of
the crypto world, we will make the wrong decisions in the face of a very volatile market. Therefore, many investors have lost their Bitcoins, because
they panicked about volatile Bitcoin price movements. But by having knowledge, we come to know how the crypto world works. That's the way to
protect our Bitcoin from a volatile market. We understand when to enter the market and when to leave the market. Therefore, never stop learning,
because gathering knowledge can make us wise and right in making decisions.

And despite this being the overwhelming truth many people simply refuse to learn and obtain more knowledge simply because they are lazy, they think that they can rely on someone else and use their knowledge so they can protect themselves and obtain more profits, and we know this is not the case as you do not really know what are the intentions of other people but most likely they do not have your best interests at heart, so we have no other option but to learn on our own and protect our coins that way.

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Quote from: Kusman on August 05, 2021, 08:57:23 AM

These are good advices that you have given. But is it really possible to protect all of our coins from the market volatility? I don't think that such thing is ever possible. We must be very lucky to make it. Because nobody knows what can happen in this market in the future. But if we are aware of what to do, we can decrease the money we lose at least.

we really can't handle everything, and as you said sometimes the market moves in the direction we don't predict. but at least by having basic knowledge, we will be better prepared to face risks and make good use of market fluctuations. and op has presented several ways to take advantage of price fluctuations to make a profit, including doing research, managing money well, and being open-minded. knowledge is really needed in investing, trading, and so on, so effective steps can be determined, not just relying on emotions due to fomo. let alone panic buy because it follows the trend, it's not very good.

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Why, my thinking is the opposite. Volatility is bitcoin's biggest draw compared to the rest. Everything revolves around bitcoin. Volatility creates a great return on investment. If bitcoin loses its inherent volatility, risk, I would rather go with gold or forex. Lol, practice risk management and increase your reserves somehow. Don't look at the dollar value in the basket of assets it will lead us astray.

worldofcoins

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All those points are quite good but I doubt most of the people do that and there are various reasons but explaining them in detail might be derailing from the topic.

I don't think Bitcoin can be protected from the market volatility after it's the market where the Bitcoin is sold and people majority of people doing technical analysis will target similar trade which causes certain swings in the Price of bitcoin till some whale decides to jump in and change that either by buying or selling.

It's somewhat similar to the theory "Small things revolve around big ones" in a sense that Whales can control the price of bitcoin mostly in short term.

Kusman

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These are good advices that you have given. But is it really possible to protect all of our coins from the market volatility? I don't think that such thing is ever possible. We must be very lucky to make it. Because nobody knows what can happen in this market in the future. But if we are aware of what to do, we can decrease the money we lose at least.

Robinson66

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I will have a fixed fund investment valuable long-term coin, I will spend money to invest in the memecoins, because this currency risk is relatively high, the return is also very high, but should pay attention to the time of admission, otherwise, I may lose my own funds. .
I have an advantage, I think it is: If I have a loss, I will talk to my family and friends, I will not use emotional investment, I will find the experience of failure, I think this is very important.

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Quote from: Charot12345 on August 04, 2021, 10:28:08 PM

Well what you said is very helpful to everyone to the beginners and also to those who already have experiences. By following your recommended tips mentioned above it can really lessen the risk of losing to much and rising the percentage of getting successful.
The best and first thing to to do when you go inside the wolrd of bitcoin and cryptocurrencies you need to accumulate knowledge, to study, read and read and seek advices to make a wise decisions in the future and makes volatility your advantage. It is the weapon you can use to protect your bitoin against the volatility.

After I have been around 5 years in the crypto world, I agree that the best way to protect the Bitcoin we have is knowledge. Without knowledge of
the crypto world, we will make the wrong decisions in the face of a very volatile market. Therefore, many investors have lost their Bitcoins, because
they panicked about volatile Bitcoin price movements. But by having knowledge, we come to know how the crypto world works. That's the way to
protect our Bitcoin from a volatile market. We understand when to enter the market and when to leave the market. Therefore, never stop learning,
because gathering knowledge can make us wise and right in making decisions.

Charot12345

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Well what you said is very helpful to everyone to the beginners and also to those who already have experiences. By following your recommended tips mentioned above it can really lessen the risk of losing to much and rising the percentage of getting successful.
The best and first thing to to do when you go inside the wolrd of bitcoin and cryptocurrencies you need to accumulate knowledge, to study, read and read and seek advices to make a wise decisions in the future and makes volatility your advantage. It is the weapon you can use to protect your bitoin against the volatility.

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