handling bitcoin volatility - page 7.

dark08

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Quote from: msantamaria86 on December 17, 2019, 12:24:11 PM

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 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.

Ridwan Fauzi

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Quote from: msantamaria86 on December 17, 2019, 12:24:11 PM

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?

Sometimes you have to feel a huge lost in so that you're wonted the price movement of bitcoin and cryptocurrencies as a whole. Moreover when you choose to become a trader which is mean the movement price or the volatility price is something that you must face everyday/everytimes.

A bit experience from me (although I'm not a professional trader but you may take a leason) when I face a volatility prices I familiarize myself to not panic. Just let the price down or up drastically because I'll get point at the end. If the price down drastically just hold them and save in my wallet and when its price up just sell them and wait for the price rejected so as I can buy again.

Bagaji

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Quote from: msantamaria86 on December 17, 2019, 12:24:11 PM

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 volatility of Bitcoin will not just happen but followed direction and candle stick formation which in most cases should not be different from the way you use to analyse the market movement of Bitcoin and crypto currency in general.

Asmonist

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In that case, we must be open for long term trading to avoid stress from daily ups and downs of market price. Its really part of the game to get losses or gain more profit. Handling bitcoin volatility is somehow uncontrollable. All we can do is to ignore it and just be patient to wait for the best price.

Hypnosis00

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Quote from: crossabdd on December 19, 2019, 06:24:14 AM

tips to watch out for in trading with high volatility are:
- keep track of prices
- stay calm in trading
- doing analysis
- don't panic
- using scalping techniques
- does not set high profit targets.
- when you have prodit, rest. And trade tomorrow.

I agree to some of these;
*stay calm
*don't panic
*doing analysis

This is all about controlling our emotions. Most of the time we experience price fluctuation which I don't think we have to emotionally stress our mind and think about it all the time.

lienfaye

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Quote from: msantamaria86 on December 17, 2019, 12:24:11 PM

What tips do you guys have regarding protecting yourself from bitcoin sudden moves?

If the situation not go as plan learn to wait and dont panic.

Fluctuation is quite normal so be used to it and expect it to happen anytime.

Lastly keep in mind that investing in crypto is risky thus invest a spare money that you can afford to lose.

crossabdd

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tips to watch out for in trading with high volatility are:
- keep track of prices
- stay calm in trading
- doing analysis
- don't panic
- using scalping techniques
- does not set high profit targets.
- when you have prodit, rest. And trade tomorrow.

Assface16678

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Quote from: pamsugas on December 19, 2019, 05:47:47 AM

no one can see the sudden movements of bitcoin it's hard to predict, I made a long bitcoin investment, so I don't care about fluctuations because I want to sell bitcoin until 2021 later. I believe the presence of bitcoin is a great technology that will quickly grow in the next few years.

If you want to earn a lot of money and income in trading, it is better if you are not starting the have enough knowledge how to use the bitcoin, today the price of the bitcoin is not good well because for becoming stable for over a month. The price of the bitcoin falls for over seven thousand dollars and its a loss to the people who already invested to the bitcoin before, its a good opportunity to the people who want to earn immediately. The price of the bitcoin is volatile; it changes every time and every day depends on the market if you are trying to invest in bitcoin. It is better if you know how to read graphs commonly, the bitcoin graph gives a sign if the price will fall or it came back to the top among all the coins. Many people are hoping the price of the bitcoin will rise again on this coming 2020.

Kemarit

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Quote from: msantamaria86 on December 17, 2019, 12:24:11 PM

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.

Besides stop lose, I heard several traders, hedge their asset to stable coins.

Quote from: msantamaria86 on December 17, 2019, 12:24:11 PM

What tips do you guys have regarding protecting yourself from bitcoin sudden moves?

It's really hard when you trade through this ups and downs, as I have said, hedging is one, but I don't know if that will be applicable in your case though. You really have to go to this painful process of being a trader before you can fully understand how to protect yourself from the sudden price move.

pamsugas

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no one can see the sudden movements of bitcoin it's hard to predict, I made a long bitcoin investment, so I don't care about fluctuations because I want to sell bitcoin until 2021 later. I believe the presence of bitcoin is a great technology that will quickly grow in the next few years.

avatar_kiyoshi

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Quote from: msantamaria86 on December 17, 2019, 12:24:11 PM

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?

Learning by doing, experience is the best teacher. I began to respond the volatile market naturally, even after many times through significant price changes, I was not yet an expert in trading, many market adjustments that I had to learn more.
In this case, when trading for the short term, stop-loss is very useful to avoid fatal losses, but sometimes there is a wrong placement stop-loss so that it could be support or resistance in the market.
For the long term, the key is to be patient, wait until the market situation returns to your expectations.

Basically everything goes back to your trading strategy and how you respond to the volatile market.

EdvinZ

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If you are a day trader and do margin trading, you just have to always use stop loss. If you are an investor who can afford to wait out the drawdown and do not trade on margin, you simply need to make deliberate trades and wait for trend change.

hahay

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I just never targeted how many hours it would take to trade because indeed, the situation would make me at least trade longer or faster. Indeed, when the situation continues to deteriorate usually will soon leave the market because there will be many negative effects that arise at that time, but it is also possible that I will survive when it is in making a target to buy. So it's all back again about our purpose of trading, what we are looking for and how important it is to do trading on that day.

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Before you decide to trade for more than a couple of hours, you need to analyze the market first so you can know how long you need to trade, and you will see when the time to leave the market. Although bitcoin prices can go anywhere, you can get information related to the current market, and you can use different methods to trade.

I don't trade more than 2 hours if the bitcoin market doesn't show good movements, and I will prepare to leave the market before the situation become worst.

Sparrow Exchange

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Have you considered using options to hedge or bet against such volatile movements?

Check out our article to learn more!

3 Strategies to Combat Crypto Market Volatility with Options Trading
https://blog.sparrowexchange.com/3-strategies-to-combat-crypto-market-volatility-with-options-trading/

zeze18

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Quote from: msantamaria86 on December 17, 2019, 12:24:11 PM

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 easiest thing is always set a stop loss on every trade we've made so if we don't have much time to always watch the market at least we set a stop loss to prevent a big rekt when the price dropped too deep.

Capt00

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Quote from: msantamaria86 on December 17, 2019, 12:24:11 PM

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?

Thus, the market fluctuations even surprise you? Cause if not, I don't think we need to worry about and protect ourselves from being caught into FOMO. Volatility remains active and even gets stronger but to think that was its market feature, we are the one to adjust. Only we need to prepare for every change that might cause losses to our side but not actually be all in a losing scheme if we know how to trade and control ourselves, we can of profiting as well.

the rise

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bitcoin doesn't move suddenly, at least volatility can be seen by monitoring the Stoch RSI and Fibonacci. there are a number of movements that can be analyzed whether failing to meet resistance, or the possibility of variables that cause them to go down quickly, accustomed traders will be able to quickly position steps to convert assets when failing to break the resistance line and bounce down.

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Quote from: Sanugarid on December 18, 2019, 10:01:42 AM

Quote from: Driggers95 on December 18, 2019, 09:19:21 AM

Quote from: Ucy on December 18, 2019, 08:48:39 AM

Quote from: msantamaria86 on December 17, 2019, 12:24:11 PM

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?

You should consider using stop loss. It's automated trading feature that will quickly move back your fund to a stablecoin or other pair, giving you peace of mind and allowing you time to plan your next moves. Altcoins tend to move along with Bitcoin...this is one of the reasons some prefer Bitcoin Stablecoin pair.

Well, it is also a good idea to protect us from the sudden fluctuations of bitcoin when the stop loss tool allows us to handle trading activity even when we are not sitting and reviewing but this treatment is quite passive, sometimes the price at which we stop, that is also the time when prices can recover, so many whales often manipulate it. Therefore, we should also consider setting a stop loss for altcoins that are not too potential, for altcoins that can hold for a long time, Bitcoin's volatility making it deeper is still acceptable

If that's the case, you should still always monitor the graph or chart for you not to surprise yourself when that happens. You know that bitcoin is volatile and yet you use some tools that are not quite certain to handle. That's correct, you should not use stop loss in bitcoins because it is not stable like altcoins. Altcoins can help itself and it can hold for a long span of time.

Bitcoin are not easy to handle but we just need to hope for the better. It will soon recover from its downward movement and let's continue use it for its promotion.

Minding the graphs and technical analysis about the chart will help you to know when you will hold or sell bitcoin. To protect yourself from volatility, be updated about the news and be sensitive to the changes. Always keep in mind that decision making is includes in a positive movement on bitcoin.

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Quote from: Driggers95 on December 18, 2019, 09:19:21 AM

Quote from: Ucy on December 18, 2019, 08:48:39 AM

Quote from: msantamaria86 on December 17, 2019, 12:24:11 PM

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?

You should consider using stop loss. It's automated trading feature that will quickly move back your fund to a stablecoin or other pair, giving you peace of mind and allowing you time to plan your next moves. Altcoins tend to move along with Bitcoin...this is one of the reasons some prefer Bitcoin Stablecoin pair.

Well, it is also a good idea to protect us from the sudden fluctuations of bitcoin when the stop loss tool allows us to handle trading activity even when we are not sitting and reviewing but this treatment is quite passive, sometimes the price at which we stop, that is also the time when prices can recover, so many whales often manipulate it. Therefore, we should also consider setting a stop loss for altcoins that are not too potential, for altcoins that can hold for a long time, Bitcoin's volatility making it deeper is still acceptable

If that's the case, you should still always monitor the graph or chart for you not to surprise yourself when that happens. You know that bitcoin is volatile and yet you use some tools that are not quite certain to handle. That's correct, you should not use stop loss in bitcoins because it is not stable like altcoins. Altcoins can help itself and it can hold for a long span of time.

Bitcoin are not easy to handle but we just need to hope for the better. It will soon recover from its downward movement and let's continue use it for its promotion.

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