How can we protect ourselves from a crypto crash?
Convert out of crypto. Duh
Topic: ***Edited*** - page 6. (Read 576 times)
Convert out of crypto. Duh
avoid self from crash cryptocurrency? actually i prefer to see crash cryptocurrency happen, because i can take some advantage of it. such as,
first, buy a dip. Buying a dip is indeed very interesting, however, in practice this interesting may be easier said than done. Using this strategy successfully requires an investor to set up market time, something that many market experts describe as challenging.
second, determine the strong odds.
Investors should remember that even if the broader cryptocurrency market crashes, some of these digital assets can survive very well.
third, hold on to honorable life.
one way of coping against collisions in holding a digital currency is to save for a good life, most of these strategies refer only to HOLD.
fourth, out for fiat currency.
we all know that some traders or investors suggest flocking to fiat currency if at any time there is a sudden crash in the market cryptocurrency.
fifth, shortening the bitcoin we hold.
if done the right way, the traders will get a very strong return, this is an opportunity offered by most of the stock. for example, bitfinex and poloniex always offer this functionality.
first, buy a dip. Buying a dip is indeed very interesting, however, in practice this interesting may be easier said than done. Using this strategy successfully requires an investor to set up market time, something that many market experts describe as challenging.
second, determine the strong odds.
Investors should remember that even if the broader cryptocurrency market crashes, some of these digital assets can survive very well.
third, hold on to honorable life.
one way of coping against collisions in holding a digital currency is to save for a good life, most of these strategies refer only to HOLD.
fourth, out for fiat currency.
we all know that some traders or investors suggest flocking to fiat currency if at any time there is a sudden crash in the market cryptocurrency.
fifth, shortening the bitcoin we hold.
if done the right way, the traders will get a very strong return, this is an opportunity offered by most of the stock. for example, bitfinex and poloniex always offer this functionality.
Volatility of crypto is high so very important to set up stopp loss in every trade. Many trader dont use it because they just believe the price will going up soon but finally the price continue going down. Although we get loss when doing cut loss but this will recover soon when we buy more in tye bottom, so knowledge about price action, patient and dont be greedy is key of success in trading.
No matter what you invest, the first and most important thing is to have a sense of risk. When you invest, you have to think about how to avoid losses instead of thinking about how to make money.
You may not be able to earn a lot of money, but you certainly have the least loss.
You may not be able to earn a lot of money, but you certainly have the least loss.
How can we protect ourselves from a crypto crash?
It's inevitable and no one is protected from any cryptocurrency crash he is investing, just be sure you are on the right project, so you can be sure that the coin you are investing can get up and become profitable in the future.
The best way to protect your self from crypto crash to have some of your funds in a stable coin or in a fiat. I always set aside some percentage and some in stable coin like USDT or fiat, when market crashes, I will use the reserved funds to even buy more and wait for it to go up.
my opinion to protect myself from the accident crypto must be good at reading the situation, because the world of crypto every day we can not prediction, so we must be very good at analyzing the growth of the crypto world carefully.
you can protect from fluctuations and crashes changing part of your crypto in tokens pegged to EUR or USD, like THETHER of EURN.....in this way you don't have to exit to crypto world but your money does not suffer from a genal crash in crypto...
Crypto crash is something that big investors is waiting for. Because they can buy at a very low price then wait when the matket recovers. It is a problem to those who bought the coin or token at a higher price. Just hold it and wait. Or you can do leveraging.
Always Particepate in those exchanges who support USD, if you hear that market going to crash over all then convert all ur assets to USD cos all markets is run on news...... 
The basic answer is to diversify.
Spread your investments accross a number of different coins in order to keep your overall portfolio healthy.
But the more complicated answer is:
Change the way you think
Instead of asking, "How can we protect ourselves"?
You should be asking, "How can I take advantage of the market when it crashes"?
There was a lot of ways to actually profit from the last three months.
The most simple was to buy more crypto.
If you have a normal day job, this shouldn't be hard at all.
Just take a percentage of your paycheck and buy more. Do without eating out or going out and save that money to buy.
Other ways is to watch for specific coins that lose value more than others and do a quick flip with them.
Shifting towards higher profile projects that have developments coming up, day trading, etc.
There's actually a lot you can do to not only protect but profit from crashes.
Spread your investments accross a number of different coins in order to keep your overall portfolio healthy.
But the more complicated answer is:
Change the way you think
Instead of asking, "How can we protect ourselves"?
You should be asking, "How can I take advantage of the market when it crashes"?
There was a lot of ways to actually profit from the last three months.
The most simple was to buy more crypto.
If you have a normal day job, this shouldn't be hard at all.
Just take a percentage of your paycheck and buy more. Do without eating out or going out and save that money to buy.
Other ways is to watch for specific coins that lose value more than others and do a quick flip with them.
Shifting towards higher profile projects that have developments coming up, day trading, etc.
There's actually a lot you can do to not only protect but profit from crashes.
First before joining crypto, we should have this mindset that a crash might happen in a split second. Now how would we pull out of such scenario? In crypto, the first and foremost thing everyone should do is always take profits whenever profits come this will help one not to be trapped or heavily lose out during a sudden crash.
Crypto crash, the best way to do to protect ourselves is to buy more and hold some of your cryptos. We can't do anything about falling price value of the market. But we can stop from falling it. Why ? because theres a supply and demand. The more the supply and less demand, the price will drop. So Id better to advise not to sell those cryptos when the price was crashing.
How can we protect ourselves from a crypto crash?
What protection you want? lessening the loss? do this.move your bitcoin or any others cryptocurrency to Tether(USDT)
But if you can endure the crash and loss that you are dealing with it, do these things.
- Uninstall blockfolio.
- Rarely visit online price trackers.
- Stay away from your computer / phone and go outside.
- Do something else.
- Hold.
The best way to do this is to put stop losses and find the right time to switch to USD. If we can find the right time to switch our funds to USD then we can buy more with our funds. But it is difficult to predict how the market will react in a crypto crash.
It's very hard to protect yourself from crash, it's mean you need to cash out or change to another coin before the price fall down, it will need a constant look at the price and high analysis to do that, for me the best way is to invest and aim for long term, we can't always predict correctly when will be the price crash, so we need to think price crash as the part of the investment game
How can we protect ourselves from a crypto crash?
move your bitcoin or any others cryptocurrency to Tether(USDT)
thats the way to protect all your investments value
I think to prevent the crash there is no alternative to the knowledge. If we gather sufficient knowledge with patience before entering into this market, we will be able to face and understand all the situation. And thus market crash will not be the reason of crash of ourselves.
How can we protect ourselves from a crypto crash?
There are some possible thing for you to protect yourselves from the crash, 1 Try to trade used stable crypto just like tether and it gives you a convenient way to protect yourself from the crash.
2 You can try to secure your profit directly after you have done with your trade and then you can try to wait for another crash again and you will able to buy at the cheap price.
Both are the only possible thing. but trading using tether will become the best way consider that is a stable currency.
How can we protect ourselves from a crypto crash?
A stable coin of some sorts. Since the tether controversy a few months ago loads are popping up.
Here is a list of a few:BitCNY,Dai,TrueUSD
You can always "HODL"
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