How to Deal with Volatility? - page 4.

palle11

sr. member

Activity: 2366

Merit: 332

Generally staying out on volatile market is best solution. Waiting never kills but it keeps your capital for you.

Quote from: Lee Dynamo on February 02, 2023, 10:38:50 AM

Don't chase returns: Avoid making impulsive decisions based on news or rumours that promise quick profits.

This is important to abide to and not to do it. I will rather say don't chase your losses. Allow your losses go and look for a new and fresh start. When you abide to this then you see yourself correcting your initial mistake and picking profit. Having to look out for lost money makes you to be less focus on the total body language of the market but rather you get focused on how to get your losses back but you will keep losing out. So it is important not trade because you want to revenge your losses.

so98nn

hero member

Activity: 2114

Merit: 603

Haha, no bro you don’t do anything about the volatility. The volatility of this market plays with you!! All you can do is keep your money as it is in the form of let’s say bitcoins and only take them out from the cold storage when you think you have made enough progress with the profits. Otherwise volatility is always going to play with us and with our profits.

There is saying, you do not make any loss unless and until you don’t sell your assets for X value. So if the X value is lesser than your initial investment then it’s loss obviously. It’s always better to be in freezing position all the time unless you wanna cash out for emergencies.

Coin Gorilla

newbie

Activity: 56

Merit: 0

Quote from: tjtonmoy on February 02, 2023, 01:29:17 PM

Quote from: Lee Dynamo on February 02, 2023, 10:38:50 AM

Diversification: Spread your investments across different cryptocurrencies and assets to minimize the impact of market volatility on your portfolio.

I'm not so sure about this one, tho. I have close to zero trust on Alts. It totally centralized and can go downhill at any given time. While its rise may seem pegged to BTC, but it's not. Bitcoin will pump to the sky, while many alt coins may fall to the ground. So the best bet is to only Buy and HODL BTC. You can try Dollar Cost Averaging to survive the bear market. And on the bull run, it will also help. Invest in BTC in parts, but not in shitcoins.
Buy low, sell high. Or HODL for long term investment plan.

Yeah, maybe with other types of non-crypto assets with the "don't put all your eggs in one basket" in mind.

tjtonmoy

sr. member

Activity: 1008

Merit: 366

Quote from: Lee Dynamo on February 02, 2023, 10:38:50 AM

Diversification: Spread your investments across different cryptocurrencies and assets to minimize the impact of market volatility on your portfolio.

I'm not so sure about this one, tho. I have close to zero trust on Alts. It totally centralized and can go downhill at any given time. While its rise may seem pegged to BTC, but it's not. Bitcoin will pump to the sky, while many alt coins may fall to the ground. So the best bet is to only Buy and HODL BTC. You can try Dollar Cost Averaging to survive the bear market. And on the bull run, it will also help. Invest in BTC in parts, but not in shitcoins.
Buy low, sell high. Or HODL for long term investment plan.

Lee Dynamo

newbie

Activity: 18

Merit: 1

To survive in the volatile crypto market, consider the following strategies:

Diversification: Spread your investments across different cryptocurrencies and assets to minimize the impact of market volatility on your portfolio.
Long-term focus: Don't make short-term decisions based on market fluctuations. Instead, focus on your long-term investment strategy and goals.
Risk management: Set stop-loss orders to limit your potential losses and protect your investments.
Stay informed: Stay informed about market trends, regulatory changes, and technological developments that may impact the crypto market.
Don't chase returns: Avoid making impulsive decisions based on news or rumours that promise quick profits.
Seek professional advice: Consult a financial advisor or investment professional to help you navigate the complexities of the crypto market and make informed investment
decisions.

Remember that investing in cryptocurrencies BTC comes with significant risks and it's important to thoroughly research and understand the market before making any investment decisions.

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