Placing my buy and sell order in advance is my key to protect myself from the volatility that bitcoin has. I don't want to leave my holdings without placing them in an open order because once I got off from my desktop, anything can happen in the market and it could result to a huge loss.
What do you mean by placing it in advance when it does not matter at all coz the market is volatile so it is very unsure at the first place. What could be the most effective to avoid huge loss or even just a loss is to monitor the market as long as possible to analyze the market in close to what would be the next movement of prices. Perhaps you have a pretty good luck. 
Topic: handling bitcoin volatility - page 6. (Read 1784 times)
Placing my buy and sell order in advance is my key to protect myself from the volatility that bitcoin has. I don't want to leave my holdings without placing them in an open order because once I got off from my desktop, anything can happen in the market and it could result to a huge loss.
many people still do not use stoplimit and underestimate it, they are also too eager to use orders with maximum assets on the grounds of higher profits for each percent, the latter is lazy to understand charts with indicator variables, just by following signals or looking at charts blindly.
However, these three things must continue to be adjusted to at least face fluctuating price movements.
However, these three things must continue to be adjusted to at least face fluctuating price movements.
legendary
Activity: 2380
Merit: 4265
eXch.cx - Automatic crypto Swap Exchange.
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?
What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
I have always hopped for an exchange that has an automatic system that a trader when using the stop loss or take profit feature can easily convert his/her profits/coins to stablecoins to avoid the volatile nature of bitcoin but since that isn't available automatically yet (to my knowledge) I think the best way to tackle OPs problem is by been present when trading and immediately you're done, you can trade your profits into stablecoin. Also you should only Invest the capital that you're willing to lose since the market is very unpredictable.
Before you engage in trading you get your educated, gamiliar with managing your emotions as it'll be very vital in instance like this, while inexperienced traders will immediately panick and probably sell in losses, experience traders will always look for a way to profit out of the situation.
I usually when it seems like profitable already for me. I convert it into my local currency whenever slight decrease happened then just keep hodling on it til something from the bull's table happen.
I don't usually monitor Bitcoin price like refreshing it every 5 minutes or more than 10 times/day, because that is gonna be stressful for me and I might lose a lot of hair from that.
Good plan converting to the local currency once some profit is made out of the market trend through trading. This means leaving the capital in terms of bitcoin and taking away the profit will keep us on the secure side than losing big on sudden market fluctuation. Apart from the same as most users suggested it is good to spend what you can afford to loss. This will let the trader go for choice without much complications on living standard. I don't usually monitor Bitcoin price like refreshing it every 5 minutes or more than 10 times/day, because that is gonna be stressful for me and I might lose a lot of hair from that.
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?
The only way to account for the bitcoin volatility is to use your money management skills to protect your money, how can you do that you may ask? It is really simple you need to set a very wide stop loss, now the problem if you do that is that you could lose a lot of money so a way you control the money that you lose in the case the market of cryptocurrencies goes crazy is to reduce the amount of capital that you use in each one of your trades.What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
Unfortunately this has the side effect of reducing your profits but it is a reasonable price to pay in order to reduce your losses during those episodes.
Although one cannot say him her know how to handle bitcoin volatility in this market because we all suffer the same shock when Bitcoin move. From all indications both the newbies and the experts suffer from this highly volatile digital assets. Sometimes, I take profit to stop loose while sometimes I obey the rule of long-term.
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?
What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
If you are real trader you need to know how to manage your fund this is important also your emotion specially when market started to move like dumping and pumping most people will say to you "just follow the trend" but not all the time the market will be your friend thats why you need to manage risk.
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?
If it were me, I would have to be more patient and think positive because if we are provoked by uncertain conditions, we ourselves will lose, having been panicked several times and immediately making a momentary decision, but apparently the price of bitcoin in few hours returns to normal (initial price when buying). after accustomed to all that, the bitcoin volatility can be faced calmly just like now.What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
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?
If it were me, I would have to be more patient and think positive because if we are provoked by uncertain conditions, we ourselves will lose, having been panicked several times and immediately making a momentary decision, but apparently the price of bitcoin in few hours returns to normal (initial price when buying). after accustomed to all that, the bitcoin volatility can be faced calmly just like now. What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
Those fluctuation will be normal.
If you are monitoring it for a few hours then you might not see it at all.
Try a day or two.
But if you did see that swaying movement in just minutes then good for you.
That is already a good experience.
Now, how will you prevent loss. It's easier said than done. Control yourself. I may be trading for quite some time but emotions will always be there.
You tend to get greedy and look for more profits or you will be stopping the order just because you are already in panic of more loss.
If you could somehow prevent those then I think you will be successful.
You can handle the volatility of the bitcoin if you have a lot of trading setups. You will get used to it if you will keep studying and researching. I'm a type of trader who always seek for learning and experience. Volatility is really sucks but I manage to learn and understand how it works so I using the volatility of the bitcoin to earn profit in just short period of time. If you are monitoring it for a few hours then you might not see it at all.
Try a day or two.
But if you did see that swaying movement in just minutes then good for you.
That is already a good experience.
Now, how will you prevent loss. It's easier said than done. Control yourself. I may be trading for quite some time but emotions will always be there.
You tend to get greedy and look for more profits or you will be stopping the order just because you are already in panic of more loss.
If you could somehow prevent those then I think you will be successful.
Those fluctuation will be normal.
If you are monitoring it for a few hours then you might not see it at all.
Try a day or two.
But if you did see that swaying movement in just minutes then good for you.
That is already a good experience.
Now, how will you prevent loss. It's easier said than done. Control yourself. I may be trading for quite some time but emotions will always be there.
You tend to get greedy and look for more profits or you will be stopping the order just because you are already in panic of more loss.
If you could somehow prevent those then I think you will be successful.
If you are monitoring it for a few hours then you might not see it at all.
Try a day or two.
But if you did see that swaying movement in just minutes then good for you.
That is already a good experience.
Now, how will you prevent loss. It's easier said than done. Control yourself. I may be trading for quite some time but emotions will always be there.
You tend to get greedy and look for more profits or you will be stopping the order just because you are already in panic of more loss.
If you could somehow prevent those then I think you will be successful.
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?
I personally think that it is more about mentality than the money aspect of it. Think about it for a second, if you were worrying about what the price would do then what would you do? You would sell right well the reality is that if you sell the price will fall of course.What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
In reality the mentality of everyone involving bitcoin is the thing that actually causes the price of bitcoin like when people are bearish of course it falls. In stock markets if you are bearish on a stock but the stocks company actually profits more than expected there is a way it will still go up yet that is not the way bitcoin or any other crypto works. So if you are really worried about what bitcoin will do, remember you are the cause.
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?
What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
If you are real trader you need to know how to manage your fund this is important also your emotion specially when market started to move like dumping and pumping most people will say to you "just follow the trend" but not all the time the market will be your friend thats why you need to manage risk.
Investing do still have those risk i shall say.
We do start on being a noob so its just normal for us to commit mistake on very first try.Soon youll realize regarding on your mistakes and would be
aware on your next possible move and when it comes to handling bitcoin volatility then it wont be simple and also you would get used to it
as time pass by.
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?
What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
If you are real trader you need to know how to manage your fund this is important also your emotion specially when market started to move like dumping and pumping most people will say to you "just follow the trend" but not all the time the market will be your friend thats why you need to manage risk.
There is only one weapon that can be used to treat such bitcoin volatilities and that is patience.
With patience you will be able to wait for the sudden drops to recover and hence your portfolio won't be affected because of bitcoin volatility.
And I seriously mean it when I say you must have patience it means you must tolerate the negative % until it becomes positive.
With patience you will be able to wait for the sudden drops to recover and hence your portfolio won't be affected because of bitcoin volatility.
And I seriously mean it when I say you must have patience it means you must tolerate the negative % until it becomes positive.
Legends said patience is the key of success in cryptocurrency, but for me just be patient is not enough , we always have to find any chance to get profits even it's really small we have to be able to take the chance. keep up to dates with the market and the news even when we are not in trading
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?
What tips do you guys have regarding protecting yourself from bitcoin sudden moves?
Set a stop-loss to prevent a big loss. You can also try using smaller trades. Then if the price drops you have additional buying power to buy more at a lower price for better positioning.
There is only one weapon that can be used to treat such bitcoin volatilities and that is patience.
With patience you will be able to wait for the sudden drops to recover and hence your portfolio won't be affected because of bitcoin volatility.
And I seriously mean it when I say you must have patience it means you must tolerate the negative % until it becomes positive.
With patience you will be able to wait for the sudden drops to recover and hence your portfolio won't be affected because of bitcoin volatility.
And I seriously mean it when I say you must have patience it means you must tolerate the negative % until it becomes positive.
Handling the volatility of Bitcoin is very risk and you really need to manage your funds in proper way of investing and trading and once you feel that you are making a mistake then pull it out immediately.
The only problem is when you put all of your money and invested it in one tokrn/coin and that would take a big risk and you may need to wait if the vakue really plummet really hard until it goes up again.
The only problem is when you put all of your money and invested it in one tokrn/coin and that would take a big risk and you may need to wait if the vakue really plummet really hard until it goes up again.
I've been there countless times that happens to novice like us in trading, i even tried trading below support line back then, i didn't know what it means and to never trade when price is near the support line. Also bought btc, then price suddenly dumps when i saw that i panic and sell without thinking to hold and wait for the price to recover. Now i watched expert crypto traders in order to have some insights.
Jump to: