Topic: How to manage the risk in investing cryptocurrency? - page 20. (Read 530949 times)
This is one of my mistake and I hope other traders will not apply this. I tend to buy a coins with my funds left and not each percentage. It's like when I have BTC.05, I do just one order and that went bad. Because the price still go down so if only I divide it it like the first order is only BTC.015 then I could have managed the risks of losing so much value in my altcoins.
The best thing to do to manage the risk if you want to involve yourself in one thing is know it first. Learn and study it first, gain and earn knowledge first to be prepared to lessen the risk. If you know a lot about that field, you know what to do, you can carry and manage the risk. All things will be less the risk if you really knows it already. You'll be ready whatever happens because you know what are the best thing you can do and you need to do. Your decision making will become better if you really prepared.
First of all, everything in this world is a risky bet ... all kinds of investments are risky too ... but of course for you to be able to manage risk in every investment, especially in crypto currencies
I personally will invest by choosing strong coins to invest, because strong coins will have the potential to survive when the market is faltering. I did not determine how long I had to hold my coin, but I would sell a few coins when I felt the price was high, and I would wait for the price to fall and I would buy it back.
I personally will invest by choosing strong coins to invest, because strong coins will have the potential to survive when the market is faltering. I did not determine how long I had to hold my coin, but I would sell a few coins when I felt the price was high, and I would wait for the price to fall and I would buy it back.
Simply be patient especially with the market volatility. The market dumps should be minded as something natural and in order to avoid loss of profit, an investor should always choose to hold and wait until yhe market value increase rather thsn to sell due to panic. On this way, risk will be lessen and managed.
The risk in the virtual currency market is the risk of losing some or all of its capital when the investor performs the investment or virtual currency transaction. Identify the risks before conducting a transaction, helping them to know the specific loss rate in each case of investment will be how to, minimum and maximum how to decide the scale of investment, the first time investment, time of investment completion, and other relevant factors.
100% agree with your statement. Identify the risks of all the investment play an important part before doing a transaction. Your eyes could be covered by the wonderful profit picture in Crypto market. So,how many time you spend to research to reduce the risk to lowest level corresponding with how much money you could get from this market. The risk in the virtual currency market is the risk of losing some or all of its capital when the investor performs the investment or virtual currency transaction. Identify the risks before conducting a transaction, helping them to know the specific loss rate in each case of investment will be how to, minimum and maximum how to decide the scale of investment, the first time investment, time of investment completion, and other relevant factors.
I've heard one good law which say that you need to save 10% of your average earning in order to invest them, so that's for me is much easier because I am familiar with 10% law on the basis of tides.
one of the best way to manage the risk in investing in cryptocurrency is nt to buy and get tempted in pump market in those times we will lose more amount of profits
In order to manage risk on investing in crypto currency one should always keep in mind to learn and understand the crypto currency and stay updated on the latest news and trends on investing in the crypto currency market which will help to give ideas on where and when to invest on any crypto currencies which will reduce the risk factor on investing in crypto currency and can even help to earn good profits on investing in the crypto currency network.
First of all everything in this world is a risky gamble..every kind of investment are risky too ...but ofcourse for you to be able to manage risk in every investment especially in crypto currency you have to every little thin in it up to the biggest once ..how is it work.is it scam or not..and most importantly dont ever ever trust to anyone that says to you give them money and they can doouble it...so all you need to have are awareness and commonsense..
In my own opinion, trading is just the same as gambling with lower risk and people can always earn profit if they can hold their coins until the price grows up and not just immediately sell when the prices are dropping in the market.
I think trading strategies, predictions, the like are of no use here. what if I suggest this: follow your intuition to trade with bitcoin.
First of all, I can advise you, invest an amount that you can lose. My advice, just watch the price movement of the crypto currency and the news related to the crypto currency, and do not forget to examine the coin before making any transactions.
To begin with, you need to study the market to find promising coins, and you also need to diversify your investments to avoid large losses. It is important patience not to sell everything when the market turns red.
All businesses must have risks including investing in cryptocurrency.
the most important thing is believing in your own abilities and never trusting people you don't know.
so the best in doing business is the ability to read markets, especially crytocurrency.
I think, to manage the risk of investing in the crypto currency is to know when the right time to do so you can avoid losses, control your emotions and be patient, don't panic when prices go down
You can manage the risk in crypto currency by study and learn what altcoins capable and what they do. You can study also their ICO if many join in ICO, community and investor.
There is always some risk in any investment including crypto currencies. In order to manage these risk to some extent I believe adequate research on which ever you want to invest in must be done including the credibility of the company or the coin and the team behind it should be done.
in managing the risk involved in investing in cryptocurrency, one should not have that notion that cryptocurrency is a get rich quick syndrome where one get rich over night, else one will make rational investment decision that may result in a huge loss. Investing all one has in crypto currency is a very wrong investment decision, it doesnt matter where the dice turned to, in favor or against, but its a very wrong investment decision.
The only method of risk management in crypto which actually work is not to succumb to emotions. Most of all, the loss of money is due to panic sales. We must always remember that losses occur only after the sale.
That's a lot to take in. All I do in managing risk is I diversify to 2 altcoins aside from bitcoin and keep at them for trading. If market is low and I'll suffer losses, then I just HODL. Just remember that since HODLing is key, you'll have to invest only spare money or some of your savings.
Try investing in various digital currencies, this currency is done to avoid excessive losses if one coin you hold moves to a high value very slowly
Jump to: