handling bitcoin volatility - page 8.

Driggers95

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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

Ucy

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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?

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.

LouVandetta

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Whether you want it to happen or not, it's hard to prevent the sudden moves due to bitcoin volatility.

Stop-loss is you dearest friend in this matter. And it depends on your strategy as well, which is short, medium, or long term.
As for long term, I doubt it will affect their hodling. Since a long term mostly means that they will leave their assets for quite a long time without checking them or some regurally checking the prices and make an exit move to minimize the loss.

Whichever your choices are, it all comes to how much money you're willing to lose. When you enter the market, don't just thinking about how much profits you'll get later, but you have to consider as well, how much of your investment you can afford to lose.

When the sudden move happens, first don't be panic, calm yourself down first, then make your decision whether to cut-loss or keep holding like no one cares.

Janation

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It is hard to protect yourself from that.

That is why there are a lot of people saying that it is a scam and some that doesn't want to be a part of it. I am not certain what will happen so I just buy at the price where I think it will be the lowest. When I can see a good profit, and there is a threat that it might go down, I immediately sell them and buy again at the price where I think it is the lowest. I bought at $6700, and I think I will be losing some but I will just wait, I know that will not fall continuously.

Shasha80

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A very good question, it's true that the difficulty of bitcoin trading is to overcome the volatility of bitcoin prices. So it can make prices change
all of a sudden, so sometimes the analysis we do fail. This is the solution by carefully managing our capital. Then there are some steps we must
take to deal with bitcoin prices are volatility. Among others, first we must use money that we can afford to lose. Secondly, we do not buy bitcoin
with all the capital we have, save some of the capital we have in stable coins. So when the price of bitcoin down, we can buy more bitcoin from
the money stored in stable coins. So when the price of bitcoin goes up we can get double the profit. And the third step of the profit we get can
be bought potential altcoins, because don't keep eggs in one basket.

Negotiation

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I think you need to be aware of the market first for handling bitcoin volatility Now the price of bitcoin has dropped a lot, but let's see if the price will rise. If we can buy at lower prices now and sell at higher prices then the volatility of Bitcoin can be handled Think about it and don't be discouraged if you lose.

nicolas1979

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You can use Stop Loss ( SL ) and Take Profit ( TP ) as your strategy. We can handling market moving only by replace limit into our fund to stop after reach target or touch our risk. In simple statement handling ( face ) move can be done by manage risk. The problem is some trader broke their limit by change the limit or keep hold after reach the target, try to discipline accept you result and see it as valuable experience.

Hippocrypto

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Quote from: Pearls Before Swine on December 17, 2019, 07:53:49 PM

I have a great way of protecting yourself against volatility in trading. Don't day trade and it won't affect you in the least. If you would just buy bitcoin and hold it, you'd probably make a profit in the upcoming months instead of worrying about what its doing from minute to minute. That has to be extremely stressful, and that's why a lot of traders don't make any money in the aggregate.

Even just holding bitcoin can be stressful, tho. Times like these can make your stomach churn, and I'm wondering how much more pain we're going to have to endure before the market starts to move up again. Jeez.

Chill mate, I know the market will be back sooner and we will see the future to be reversed of this current situation that we're facing right now. That's okay to be stressed but don't get depressed by it, we should be more braver now because if we panick; it more like giving up. I also felt what you feel right now, I just need to move on and be calm, learn to control emotions, whatsoever diversions might be helpful to become stronger during volatile periods.

Pearls Before Swine

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I have a great way of protecting yourself against volatility in trading. Don't day trade and it won't affect you in the least. If you would just buy bitcoin and hold it, you'd probably make a profit in the upcoming months instead of worrying about what its doing from minute to minute. That has to be extremely stressful, and that's why a lot of traders don't make any money in the aggregate.

Even just holding bitcoin can be stressful, tho. Times like these can make your stomach churn, and I'm wondering how much more pain we're going to have to endure before the market starts to move up again. Jeez.

Text

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As for me, I don't have these special moves so I don't think this is a tip. If you are aware of market movements most especially now or even when it is painted red, it is not surprising anymore. I just watch it cause I know I can't do anything about it. But with regards to my assets, I always open what may happen cause I can afford the risk. And I know it will rise again after the dump session.

harizen

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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?

Tips will come from mistakes.

You can't just follow anyone's advice and suggestions since we have different trading situations.

You must note what errors and mistakes along the way. Charge that to experience and slowly think of a way how to get rid of those in the future. As long as you will be used in facing mistakes, eventually, you will become a trader soon, only if you are serious about building good trading progress.

Anyways, I don't understand what you meant about protecting ourselves from bitcoin sudden moves. If you are afraid of taking such loss, make it minimal by setting up a stop-loss. Overall, it all depends on your own hands and strategy so study study study.

maxreish

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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?

Stop loss. This is what we have to do saving us from sudden movement of the market. Since I do have a lot of shortcomings before with many sideways. I have learned that it is very significant to set stop loss in every trades. Or, if you are a margin trader or a swing trader, have you tried incorporating two entries at the same time to compensate possible losses? Some are doing this kind of strategy.

dothebeats

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Patience is the key for the most part. I don't sell whenever I feel that the market will be on a slump and just buy/use a few percent of my bankroll to whatever price I deemed will be the lowest for the period. Afterwards, I sell whenever I see a 3-5% increase from my initial investment and repeat the process. I'm no expert and trading during the storm would most likely result to me losing more money than I should ever do in that particular day.

Amel

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There is no special way, you only need to determine your best analysis of trading, then set a stop loss. The sudden movement of bitcoin is unpredictable and it is also impossible for you to look at charts all day to watch out for it, the only way is to use the stop loss feature on the exchange you are using, if they don't have that feature, then go to a more modern exchange.

btc_angela

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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?

I'm sure that majority will agree that Stop-Lose is a good trading strategy to at least hedge your portfolio here. So that's it, learn how to used stop-lose and I'm sure you will not get REKT in this market. And once your done, then I guess you need to call it a day as the price is really unstable and instead of gaining profit, you might try to chase another profit that can end in a disaster.

Theb

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Honestly for traders Bitcoin's volatility is their ideal asset to make a profit in and all you have to do is to follow the trend. Losses in the market is very preventable especially if you have set automatic orders for your entry and exit points which is very handy if your trade goes wrong, most traders I see will only just watch the prices and don't plan ahead for it that's why when a sudden price movement happens their portfolio will instantly be red since they don't have any stop losses or exit points set in place. Volatility is something not to be afraid of instead we should all take advantage of it since we always have the option of shorting it and also going long for it both of which is very manageable even if Bitcoin is very volatile.

ethereumhunter

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When you buy bitcoin at one range price, you should think about how you can sell at another one range price so you can make a profit. That is a basic of trading, and that is also a way to handle the bitcoin volatility. If you can do that, you don't have to worry about the bitcoin volatility. You can also buy bitcoin when the price is dump so hard so you can get bitcoin at the lowest price, and that means, you can save it or hold it for a long time until the bitcoin price increase. As long as you can follow the up and down of the price, you can handle the volatility to reach your profit but don't greedy.

TinaK

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Bitcoin price volatility is the nature of Bitcoin and all the cryptocurrencies apart from stable coin will behave like how Bitcoin is ticking the the price chart. whenever you are looking to invest on Bitcoin you should always go with the Bitcoin price at low level and sell the same at the high level.
We are not sure the the value of bdc by tomorrow maybe goes to down or else it will bump back to the same level.

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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?

It depends on what kind of trading you are into yet we know it can be classified neither short or going for long term ones.If you cant handle out bitcoins volatility then
you should go for long term and doesnt bother you out on what price you've bought.Unlike on short trading where you would need up to be active on each ticks of its price
yet you are always concern on making money as early as possible.How to protect your capital into these kind of times? Always use stop loss everytime on making an entry at least
you wont commit losses were too deep.

NeuroticFish

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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?

Invest/trade only with amounts you afford to lose.
Keep in mind that if it falls today, some other day it may rise again. Don't rush it for each and every fluctuation.
Don't be greedy, stick to the initial plan.
If you don't want to stay out of trading for long periods (until bitcoin rises again), use stop loss.

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