Can you protect your Bitcoin from market volatility? - page 5.

Mr.sprin

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Quote from: Macadonian on August 02, 2021, 03:12:22 PM

Quote from: dkbit98 on August 02, 2021, 01:00:20 PM

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.

The long term is not guaranteed and if you are working on the assumption that Bitcoin will continue going up then you are going to lose a lot of money at some point. Everything has a limit to how much it is worth.

Looking back two years if you bought bitcoin in 2018 and had patience for 2 years I'm sure you are a millionaire today is this not enough to convince you with long-term hold, your opinion of storing in the long term is not guaranteed to apply to alcoins it doesn't even apply for alcoins that have potential such as coin eth, especially in bitcoin, your opinion is clearly wrong.

lalabotax

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Protecting our assets especially bitcoin is very important. And of course, it is also important to be ready with the risks before investing in Bitcoin. That is why we need knowledge and education about this at first.
And probably other things to consider to protect our assets besides those all are about self-management of emotion. This is very determining me when trading. Once I cannot manage my self emotion while trading, I really seems like being lost every time being panic or also afraid to take a decision at the moment.

LUCKMCFLY

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Everything lies in knowing what types of investment you want to enter, when talking about BTC it is a safe investment, when we see that it can be diversified it is an option that many want to do but do not have the knowledge to do it, either fundamentally and technical. The opinion of the experts is valid, the advice of the articles as well, but the style of operator that he is must be taken into account, if he is a market speculator or if he is an investor. Many investors when they confirm the bullish trend of BTC, when BTC makes a correction they take advantage of buying alts because they know that it can give x2, x3, x4 ...
Of course all these movements are made because experience in the markets has shown it, everyone has their own style for trading and investments.

Mamun74

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I think, Everyone is know bitcoin is long term investment. Why you need to so quickly? When you are new to the market they you don't do this.So If you are a experience trader Then you also know what should you do.It's difficult to market volatility to know exact situation.

Imran232

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Quote from: Bitcasino.io Support on August 02, 2021, 03:40:45 AM

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Source: Bitcasino blog

You all point are valid and i also aggreed to your point. Actually there has a thing to aggreed with your point Because your thought is similar to one of my favourite crypto influencer. I am still new though i am in this industry since 2017. He always guide me as a brother not as a stranger. According to him buy the rumours, sell the news. So we know because of volatile in bitcoin its really tough to stay in bitcoin for short term investors because they want profit regularly. But its not a problem for long term holder and there is only sone people are aggreed for long term because everyone has need of money so they want profit. So you have all those valid point we have to learn first, then learn how to research then attempt your research into Reality if you got result do more research. Take profit when your research say its time to take entry again then do it. It means a same thing what that influencer told us buy the rumers, sell the news.

And thanks again because you made it in details and i got some extra information too.

Silberman

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Quote from: Jawhead999 on August 02, 2021, 04:18:29 AM

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.

To this I will add that volatility only plays against you if you do not know what you are doing, if you are a good trader and you know exactly what you're doing then volatility is precisely what you need in order to make money in any market, after all how are you going to make profits with an asset if such an asset is not moving at all? You need the volatility to make money which is why this market is so popular with speculators as the profits that you can get in it are way better than what you can get in any other market.

adzino

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The suggestions that you provided are easy to give, but hard to follow. Few of them sounds wrong too. I am against following YouTube videos. If you are new to the market, you should never do that. Most of those people just shill for shitcoins or the coins they have invested in. They get paid for it. Watching the market trend also doesn't help. The crypto market is very unpredictable. Sometimes the exact opposite of what you think might happen. The only way to protect yourself from volatility is through long term holding.

Ararbermas

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To make the story short, enough knowledge is the most important to protect our money from volatility of the market, not because you learn something and you gained information you will dive in immediately because for you its enough.. Nope it's a big mistake!. Infact that's the reason why mostly people who ride with their greediness always experience massive losses.. Always remember to dont make all the things rush when it comes trading or investing because it really required enough knowledge in order to prevent risky situation and losses.. Make research always because that's the only key..

kryptqnick

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Thanks for a good article on coping with crypto volatility! Educating oneself is indeed very important, and I feel like some people skip this point completely. I've seen people investing in altcoins and ICOs who didn't even know about the existence of websites like Coingecko that allow to see the market from different perspectives, and barely knew anything about how many coins there are, and how they are doing. I'm also sure that not many people keep track of how much they lose because it's easier to forget and move on, but it can prove to be a fatal mistake.
Long-term holding that was mentioned in the thread is a good strategy, but only if we're talking about top altcoins. Otherwise, a person might invest in a temporarily pumped shitcoin and lose only more over the years because the coin is never getting pumped again.

Liamttw

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Bitcoin price fluctuations are inevitable, but there are some ways to reduce the impact from him.

Develop a long-term holding plan, not a short-term transaction. Hold it for a long time when you buy it. Don't always watch the market trend, because if you see the price lower than the price you bought or the market price keeps falling, it will make you panic and sad.
Due to the unstable price of the Bitcoin market, it is difficult to predict the future price. Loss can be reduced by analyzing market trends, and then stop loss and profit in time.
Be optimistic about the Bitcoin market and don't panic about price changes and sell Bitcoin. Don't be afraid to take certain risks when investing or trading.

Zilon

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Building good portfolios and money management limits losses a who lot. Going into an investment without prior knowledge is like gambling with your funds and it's important to note that crypto isn't just like your general gambling where you risk with very little amount in crypto you will want to risk with tangible amount.

I will like to add this keep a track record of why a project you invested in succeeded and why it failed this will help you for future investment. Ensure each investment no matter the turn out teaches you a better way of investing and always risk what you can afford to lose.

marine4u

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Bitcoin will die if it loses its volatility. That's the only thing that never goes away in the crypto space. The only way for me to protect bitcoin against the effects of high volatility is to learn how to improve my psychology, fight panic spawning in my mind, learn to trust and be loyal. I don't trade spots, no margin,... my opinion is Hold til profit.

rodskee

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Quote from: Bitcasino.io Support on August 02, 2021, 03:40:45 AM

Hi there,

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.

Practically wiser to have this , never invest in anything that you don't make deep research and studies because this will lead to losses and also becoming more stupid in all areas of investing.

Quote

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.

Try to seek help from expert friends in this matter , because money management is not that easy when talking about to invest specially in volatile market like crypto.

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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.

in this i have no definite time because my busy schedule and lack of time .

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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.

i already has years ago, though i usually changed the fillings from time to time aside from bitcoin.

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Cheers,
Karl

Source: Bitcasino blog

Thanks for this @karl , you really brings great thread everytime you posted outside gambling section .

Long live Bitcasino.io team .

ethereumhunter

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Quote from: 19Nov16 on August 03, 2021, 11:35:43 PM

Quote from: ?? on ??

I really gained more knowledge through this article and I will simply add that to protect yourself hold your coin and don't panic to sell at any period of time during any volatility period.

After we read more about the opinion on this forum, of course make us smarter. This also makes me optimistic to hold bitcoin even though I once bought around $650 bitcoin at a price of $ 52k, I do not panic even though the current price is only $ 37k.

Both of you do the right thing to hold your bitcoin and not panic because the price is down. Every time the bitcoin price is down that will be your chance to buy more bitcoin and still hold with the other amount. The price will be back to $52k but we need to enjoy the market now because the price will increase later. There will be time for bitcoin to rise and it will come soon.

davis196

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I'm confused.Your thread title is about keeping your Bitcoins from price volatility,but your forum post is about cryptocurrency trading in general.I don't think that keeping your BTC from price volatility and cryptocurrency trading are exactly the same thing.Crypto trading is more about profiting from price volatility,rather than keeping your coins safe from unexpected price movements.
Selling your BTC for stablecoins or fiat is the only option to keep your BTC from volatiltiy.Diversifying your portfolio by buying lots of altcoins and tokens is not a good option,because their prices are volatile as well,and most of them follow the Bitcoin price trend anyway.

19Nov16

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Quote from: ?? on ??

I really gained more knowledge through this article and I will simply add that to protect yourself hold your coin and don't panic to sell at any period of time during any volatility period.

After we read more about the opinion on this forum, of course make us smarter. This also makes me optimistic to hold bitcoin even though I once bought around $650 bitcoin at a price of $ 52k, I do not panic even though the current price is only $ 37k.

Xinarae*

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There are many ways you can protect your bitcoin from market volatility it is difficult to understand the exact situation as the market is not stable. It is possible to reduce losses by analyzing the market before investing investors who have a hard time with discipline will be able to use stop loss and take profit orders all major exchanges offer them. Unfortunately both good and bad things end at one point before you start your business depending on how much you want to lose or how much profit you are aiming for that's why it's important to invest in discipline.

Darker45

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Quote from: Kakmakr on August 03, 2021, 10:53:29 AM

Quote from: Darker45 on August 02, 2021, 08:14:56 PM

I once was a fan of using USDT to avoid too much volatility. There was a time when I preferred to trade BTC:USDT more than any other pairs. However, it was really hard to catch the perfect timing. I even ended up having more USDT than BTC in my exchange wallet. Converting BTC to USDT with the hope that you could buy back at a cheaper price could only get you stuck, but playing BTC with altcoins is even worse. The unpredictability of Bitcoin's price made me chose to HODL and avoid confronting volatility on a daily basis.

Yea, I also tried that strategy .... by switching to USDT when all sighs show that there are going to be a big drop (recovery) in the Bitcoin price.. but that can be costly, if you cannot turn your USDT into BTC in time to catch the "Boom" (Sometimes this can happen in a few hours and if you are not quick enough, you miss it)

The big problem is that we often read the signs wrong. In the middle of a price rally, for example, we begin to create BTC sell orders for USDT thinking that a correction would take place very soon. And when the price continued to fly, sell orders are created one after another, even draining our BTC down to the last Satoshi. Alas, the price didn't fall. Buy back never happened. We're stuck with USDT.

This actually happened to me around this time last year when, after being used to BTC's 4-digit price for quite a long time, it suddenly breached $10,000. I started to convert BTC to USDT, thinking of temporarily parking my funds there for the cheaper days. The price went on to $11,000, $13,000, $15,000, and so on. As we all know, a few more months later within that same year, the price went past way above $20,000, and on to $60,000 the following quarter.

Kakmakr

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Quote from: Darker45 on August 02, 2021, 08:14:56 PM

I once was a fan of using USDT to avoid too much volatility. There was a time when I preferred to trade BTC:USDT more than any other pairs. However, it was really hard to catch the perfect timing. I even ended up having more USDT than BTC in my exchange wallet. Converting BTC to USDT with the hope that you could buy back at a cheaper price could only get you stuck, but playing BTC with altcoins is even worse. The unpredictability of Bitcoin's price made me chose to HODL and avoid confronting volatility on a daily basis.

Yea, I also tried that strategy .... by switching to USDT when all sighs show that there are going to be a big drop (recovery) in the Bitcoin price.. but that can be costly, if you cannot turn your USDT into BTC in time to catch the "Boom" (Sometimes this can happen in a few hours and if you are not quick enough, you miss it)

Exchanges also charge a lot of fees for the BTC:USDT and then again for the USDT:BTC switch ... so the price jump must cover those fees too, to make it profitable. Sad

The best strategy will always be to HODL and to hope for the best, if your primary goal is profits. Roll Eyes

Macadonian

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Quote from: Sir Legend on August 03, 2021, 10:12:28 AM

Quote from: Macadonian on August 02, 2021, 03:12:22 PM

Quote from: dkbit98 on August 02, 2021, 01:00:20 PM

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.

The long term is not guaranteed and if you are working on the assumption that Bitcoin will continue going up then you are going to lose a lot of money at some point. Everything has a limit to how much it is worth.

The long term is only effective if we have strong finances, most people are not patient when they see bitcoin's rise so they immediately sell, after the price continues to rise then they buy again and panic when the price drops so that the end result is a loss.

This is called trading and can be more profitable in the future if you are good at trading at the right times but most people are not and end up losing a lot of money but if you can trade with profit then it makes more sense than holding Bitcoin it is just more risky.

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