Topic: handling bitcoin volatility - page 2. (Read 1792 times)
I see Bitcoin's volatility as an opportunity for us to gain a better profit only if we know how to deal with it. Just applying the basics which is to buy low and to sell high is enough to deal with every market situation. Perfect timing is the best strategy that we could apply especially when the market's volatility is too high. Take a chance to grab the chance of buying low while the prices are still low and don't miss the opportunity of selling when the prices get better.
Everyone who has ever traded for more than a couple of hours have had episodes where their trades are wrecked because of bitcoin volatility reflecting on the whole market.
What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
As a trader you should be making use of stop loss to avoid losing your money while trading because if you’re not using stop loss you can end up losing a lot of money when the price goes against your expectation. Another important thing is that you should avoid trading with your emotion, seriously, that’s not good.What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
I once read the story of a guy that gained $10,000 from Bitcoin in 2017, he sold on September and that’s probably before the huge increase. Due to his friends holding till then they made millions, which is huge compared to the chicken change he got. So his emotions played out and he started buying Bitcoin despite the decrease in price in 2018 and that’s how he kept losing. So avoid trading with your emotion.
Everyone who has ever traded for more than a couple of hours have had episodes where their trades are wrecked because of bitcoin volatility reflecting on the whole market.
What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
As a trader you should be making use of stop loss to avoid losing your money while trading because if you’re not using stop loss you can end up losing a lot of money when the price goes against your expectation. Another important thing is that you should avoid trading with your emotion, seriously, that’s not good.What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
I once read the story of a guy that gained $10,000 from Bitcoin in 2017, he sold on September and that’s probably before the huge increase. Due to his friends holding till then they made millions, which is huge compared to the chicken change he got. So his emotions played out and he started buying Bitcoin despite the decrease in price in 2018 and that’s how he kept losing. So avoid trading with your emotion.
All I can say is that, don't overly confidence that we can always make a good run. Hence, we can be full of optimism but we must also have to consider that is the capability of the market. The market volatility is beyond our control and only we can do it get prepared and don't get into FOMO for whatever it happens in the future.
You have to know in advance that cryptocurrencies are highly volatile and high risk.
Never buy more than you can afford to lose.
Don't invest all your bankroll at one time. Keep some cash for leverage if the price moves in the wrong direction.
While that is good advice how many people have the money necessary to try to do something like that? People always say that you should never invest in the market what you cannot afford to lose, but how many investor follows that rule? It doesn't matter how much money you have most likely the money that you are using to invest in cryptocurrencies or in any other market is a considerable part of the money that you have saved over the years.Never buy more than you can afford to lose.
Don't invest all your bankroll at one time. Keep some cash for leverage if the price moves in the wrong direction.
And as such you cannot really afford to lose that money, in fact that thought doesn't even cross your mind because you are here to earn money not to lose it and because of that most people cannot really follow that advice.
i personally just can't trade until i spend a long time all day, because that will only make us panic because a sudden drop is very likely to happen, so what is usually done is to make a sell order according to the profit we want at least, even though targets cannot be achieved in a day and we must be ready to be more patient
I like your strategy but if we talk about the current year then I do not think that we have to make a sell order as this is the year of halving in which it is sure that the whole year the price of bitcoin will rise. In this year we may see some drops but that will not be longer drops and will not be to too bottom while in the long term the price of bitcoin will always rise.Yeah, in my opinion about selling orders it is fine if we become a daily trader because volatility is very high to make prices go up and down every day, this is enough to be used by traders to do scalping. In contrast to selling orders for holders, maybe they are better off holding back until halving occurs.
btw, where did you get your statement about bitcoin increase in the long run? can you give your analysis about that?
Don't wait for the peak to reach,just cashout the profits when you see it,waiting too long might is the risk of day trading.
Or better stop trading at all when the price is swinging.
Or better stop trading at all when the price is swinging.
You can't protect yourself to this kind of scenario since the crpytocurrency market is a decentralized platform, however there's a thing that you can do in order to avoid wrecking your asset. It's to study how the market works, well there's no 100% that it's guaranteed however it might help lessen the lose in your account and also it might help you to analyze if the market will go bullish again this is one of the thing you can do in order to avoid the loss on the volatility of this crpytocurrency.
Well even a thorough analyzation of the market could end up in a disaster if you don't manage your funds well. Meaning, you still have to determine how much you're willing to put in. It should be an amount that you can afford to lose, of course. Something that won't have a significant effect in case worse comes to worst. I guess that's the trick for me. Be on the safe side.
You can't protect yourself to this kind of scenario since the crpytocurrency market is a decentralized platform, however there's a thing that you can do in order to avoid wrecking your asset. It's to study how the market works, well there's no 100% that it's guaranteed however it might help lessen the lose in your account and also it might help you to analyze if the market will go bullish again this is one of the thing you can do in order to avoid the loss on the volatility of this crpytocurrency.
i personally just can't trade until i spend a long time all day, because that will only make us panic because a sudden drop is very likely to happen, so what is usually done is to make a sell order according to the profit we want at least, even though targets cannot be achieved in a day and we must be ready to be more patient
I like your strategy but if we talk about the current year then I do not think that we have to make a sell order as this is the year of halving in which it is sure that the whole year the price of bitcoin will rise. In this year we may see some drops but that will not be longer drops and will not be to too bottom while in the long term the price of bitcoin will always rise.Yeah, in my opinion about selling orders it is fine if we become a daily trader because volatility is very high to make prices go up and down every day, this is enough to be used by traders to do scalping. In contrast to selling orders for holders, maybe they are better off holding back until halving occurs.
btw, where did you get your statement about bitcoin increase in the long run? can you give your analysis about that?
i personally just can't trade until i spend a long time all day, because that will only make us panic because a sudden drop is very likely to happen, so what is usually done is to make a sell order according to the profit we want at least, even though targets cannot be achieved in a day and we must be ready to be more patient
I like your strategy but if we talk about the current year then I do not think that we have to make a sell order as this is the year of halving in which it is sure that the whole year the price of bitcoin will rise. In this year we may see some drops but that will not be longer drops and will not be to too bottom while in the long term the price of bitcoin will always rise.As the price went so unpredictable this year, I guess it will be a stable one at $8k. When you have your blockfolio with you, just look on the pattern and it was having minimal fluctuations. Though volatility still occurs, but not that worst as to compare with 2019. However, we're just at early stage for this year, we don't know yet what comes after.
The one I see is different since I think we will not go stable at $8k now since there are many things will happened and hyped is good that's why provably we could reach the $9k price would be reached maybe in next month. And volatility right now is quitely predictable not the same on year 2018 and 2019 which is totally questionable but let still monitor to see if we can buy more or sell for profit securing and long term gathering.
Thing here is that we can foreseen on things that might happen due to upcoming events.We can say that its a little bit hyped because of this
one but doesn't mean you can predict on where it goes.Good to look at that we do stabilize on 8k price above and hopefully this wont crash down
until on the halving day.
i personally just can't trade until i spend a long time all day, because that will only make us panic because a sudden drop is very likely to happen, so what is usually done is to make a sell order according to the profit we want at least, even though targets cannot be achieved in a day and we must be ready to be more patient
I like your strategy but if we talk about the current year then I do not think that we have to make a sell order as this is the year of halving in which it is sure that the whole year the price of bitcoin will rise. In this year we may see some drops but that will not be longer drops and will not be to too bottom while in the long term the price of bitcoin will always rise.As the price went so unpredictable this year, I guess it will be a stable one at $8k. When you have your blockfolio with you, just look on the pattern and it was having minimal fluctuations. Though volatility still occurs, but not that worst as to compare with 2019. However, we're just at early stage for this year, we don't know yet what comes after.
The one I see is different since I think we will not go stable at $8k now since there are many things will happened and hyped is good that's why provably we could reach the $9k price would be reached maybe in next month. And volatility right now is quitely predictable not the same on year 2018 and 2019 which is totally questionable but let still monitor to see if we can buy more or sell for profit securing and long term gathering.
i personally just can't trade until i spend a long time all day, because that will only make us panic because a sudden drop is very likely to happen, so what is usually done is to make a sell order according to the profit we want at least, even though targets cannot be achieved in a day and we must be ready to be more patient
Your trading psychology is not enough and it is the reason why you are panicking when the price drops. Before I trade, I always planning what will I do and I also thinking the possibilities that may happen. I always setting up my stop loss before the trade in order to lessen the losses tha I can experience. The volatility of the bitcoin is too high and it is the reality that it is hard to handle.
You have to know in advance that cryptocurrencies are highly volatile and high risk.
Never buy more than you can afford to lose.
Don't invest all your bankroll at one time. Keep some cash for leverage if the price moves in the wrong direction.
Never buy more than you can afford to lose.
Don't invest all your bankroll at one time. Keep some cash for leverage if the price moves in the wrong direction.
i personally just can't trade until i spend a long time all day, because that will only make us panic because a sudden drop is very likely to happen, so what is usually done is to make a sell order according to the profit we want at least, even though targets cannot be achieved in a day and we must be ready to be more patient
I like your strategy but if we talk about the current year then I do not think that we have to make a sell order as this is the year of halving in which it is sure that the whole year the price of bitcoin will rise. In this year we may see some drops but that will not be longer drops and will not be to too bottom while in the long term the price of bitcoin will always rise.As the price went so unpredictable this year, I guess it will be a stable one at $8k. When you have your blockfolio with you, just look on the pattern and it was having minimal fluctuations. Though volatility still occurs, but not that worst as to compare with 2019. However, we're just at early stage for this year, we don't know yet what comes after.
Handling bitcoin volatility is very much easier for the traders whoever been part of the cryptocurrency websites. I have noticed the many newbies struggling with the investment when the value fluctuates in high level.
At the same time bitcoin price will take you to positive way as well. When it goes in positive way we can expect the value goes in green all the cryptocurrencies.
At the same time bitcoin price will take you to positive way as well. When it goes in positive way we can expect the value goes in green all the cryptocurrencies.
It is difficult perse to handle Bitcoin volatility. The only thing is not to invest any amount that will way you down in performing other financial duties. Always engage using the Stop Loss to minimize your risk and lastly follow the fundamental news to be informed about the current situation
i personally just can't trade until i spend a long time all day, because that will only make us panic because a sudden drop is very likely to happen, so what is usually done is to make a sell order according to the profit we want at least, even though targets cannot be achieved in a day and we must be ready to be more patient
I like your strategy but if we talk about the current year then I do not think that we have to make a sell order as this is the year of halving in which it is sure that the whole year the price of bitcoin will rise. In this year we may see some drops but that will not be longer drops and will not be to too bottom while in the long term the price of bitcoin will always rise. 
i personally just can't trade until i spend a long time all day, because that will only make us panic because a sudden drop is very likely to happen, so what is usually done is to make a sell order according to the profit we want at least, even though targets cannot be achieved in a day and we must be ready to be more patient
You do not hold the coins for too long. This is a good way .The prices of the coins are a subject of constant change. Moreover the fluctuations nowadays are occurring more speedily than before. Trading must be done with patience after all it is a slow process and you cannot make big profits in few days. Keep eye on the market and trade till you are on screen,Make sure to convert your BTC in stable coins like USDT,DAI to save your BTC from dumps.
What if the price bumps in overnight like its happening for the last 48 hours or something we will lose the profits right.Saving the capital is good but taking the risks for making more profits is the mart choice so convert your profits into stable coins and let the capital as volatile coins like bitcoin,if price bumps then its your day.But another way that you can use to deal with that is to create a bot that trades the market while you are sleeping, that way you're not going to miss anything that happens in the market and you're going to earn profits out of every single positive movement in the market.
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