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Author Topic: Can you protect your Bitcoin from market volatility?  (Read 3412 times)

Offline Karl_BC

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Can you protect your Bitcoin from market volatility?
« on: August 02, 2021, 10:43:16 AM »
Hi there,

Cryptocurrency has a volatile market, and there are moments when investors can expect high turnover rates and growth while others aren’t as lucky. In times like this, it’s important to be educated by learning about the ins and outs of managing your cryptocurrencies to avoid drastic changes in the market.

Frequent crypto traders know that investing their digital assets in the market comes with pros and cons. Risks cannot be avoided in any form of investment, so the best thing you can do is devise strategies on how you can protect your digital assets from the volatility of the Bitcoin market.

However, most people wonder if it’s even possible to protect your Bitcoin or other assets from crypto market volatility. You may not be able to avoid it entirely but you can take several measures to lessen its impact on your hard-earned investments.

Tips to protect your Bitcoin from market volatility

Seasoned traders are able to distinguish good investment options from bad ones. However, this ability comes from experience and research. To make the most of your investment, here are some steps you can make to protect your Bitcoin from market volatility:

Personal research and education

Before starting, do your own research and educate yourself on the process of how to invest in crypto. This is especially important for first-time investors and beginners in the world of digital assets. Get an idea of how the market works first and familiarise yourself. The more you know about the market, the more you can make informed decisions on what will benefit your investments.

Read articles online, watch informative videos on YouTube or enlist the help of your friends and family who also invest in crypto. Knowledge is power in this volatile market, and to become adept in both crypto trading and investing, you will need the dedication to find the right information to make the right decisions.

Manage your money

Now that you have an idea of how the crypto market works, you will have to learn how to manage your funds well. Be sure to keep track of your money and have a record of everything you do such as transactions and losses and profits while trading. Managing your money and keeping track of it is an excellent way to protect it from market volatility.

To help you out, you can get tracking apps or platforms to provide assistance. Some of these apps include Blockfolio, Altpocket and CoinTracking. Utilise these tools to manage your investments and get an edge on the market.

Watch the market trends closely

This tip goes hand in hand with managing your money. While keeping track of your funds, be sure to monitor the market trends as well and understand how they move. Check to see if certain patterns affect the market trends and how they relate to the strategies you’re using for your investments.
When your digital assets ascend, descend or stay in a linear position, traders need to be on high alert for what happens next. Some people set reminders to check their funds at least every other day or once a week at most. You can also read about the crypto market and familiarise yourself with the trends, no matter how new or old they are.

Build a good portfolio

An investment portfolio is a collection of data that holds all of your investments and transactions online. You can think of it as putting all data of your cryptocurrencies in one space. If you ever want to look back on some of your previous trades, you can do so in an organised manner by having a good portfolio.
The benefits of having a portfolio go beyond something as simple as collation. You can use it on your own or enlist the help of professionals like fund managers and financial experts. A portfolio will show the pattern of your trading habits and help the experts make an informed decision to improve your trading experience.

Cautious yet streetwise trading

As previously mentioned, the volatility of the crypto market cannot be predicted accurately. You can rely on certain articles or the advice of experts, but you need to have your own trading style as well. To succeed in the crypto market, you have to know when to invest carefully and when to take risks. Always think twice before making a decision.

Think practical and your investments should follow afterwards. You can implement smart trading by learning the ins and outs of the market, doing your personal research and making decisions based on logical reasons instead of just hopping on the bandwagon.

Be open-minded while trading

When investing or trading, don’t be afraid to take certain risks. Try to be open-minded and seek out new trends and strategies that other traders are trying. For example, more people nowadays are looking to try day trading, which is buying and selling digital assets within 24 hours to make a quick profit. There are also other strategies like swing trading and scalping.

Although it seems like the best and safest decision is to stick with your routine, it won’t work forever. If the Bitcoin market is volatile, you should be able to adapt and change with the market to avoid falling victim to volatility and losing your funds.

Thanks for reading and you’re welcome to share your thoughts and tips.

Cheers,
Karl


Source: Bitcasino blog

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Can you protect your Bitcoin from market volatility?
« on: August 02, 2021, 10:43:16 AM »

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Offline Alcor

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Re: Can you protect your Bitcoin from market volatility?
« Reply #1 on: August 02, 2021, 04:04:07 PM »
In my opinion, we are not in a position to change or even influence the volatility of the cryptocurrency market. On the other hand, the high price volatility of this market is its distinctive feature, which is popular with most of its participants, since it allows you to get high profits in the shortest possible time. One can only try to deal with the negative consequences of the manifestation of high price volatility, but this largely depends on our theoretical and practical level of knowledge about this market.

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Offline satpol_PP

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Re: Can you protect your Bitcoin from market volatility?
« Reply #2 on: August 02, 2021, 04:33:09 PM »
Volatility is the basic character of bitcoin and crypto currency. If you ask to protect, I  think no one can protect the bitcoin.
I think we can get profit from this. Buy the dip and sell when pump. Volatility always happen at crypto market.

Offline mlawson71

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Re: Can you protect your Bitcoin from market volatility?
« Reply #3 on: August 02, 2021, 04:38:52 PM »
You can just invest as much as you can afford and not more and try to weather volatility. There's not much one cn do to protect it.

Offline sacrotic

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Re: Can you protect your Bitcoin from market volatility?
« Reply #4 on: August 05, 2021, 05:25:07 AM »
I think protect means " reduce risk ", from here we already have different opinion. Volatility is natural situation that all people need to grow his portfolio more active more income but also high risk. Accept it as tools and use it to make money but I agree with manage asset carefully, whatever strategy you take this is point start. Don't afraid with volatility, as friend this natural situation only need to follow and get out before ended.

Offline TomPluz

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Re: Can you protect your Bitcoin from market volatility?
« Reply #5 on: August 06, 2021, 04:49:49 AM »


Nobody can really protect one's Bitcoin holdings from volatility but I think you can somehow manage the impact it can be creating. In the first place, I don't think Bitcoin is going to be Bitcoin today if its not volatile...it will just be another boring asset and will not be as popular as it is today. Volatility is a two-edge kind of thing...we despair if the value can go down in a dramatic fashion but we celebrate when all of a sudden it jumped. This is where the excitement of Bitcoin is, otherwise it is just going to be a stablecoin.

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Re: Can you protect your Bitcoin from market volatility?
« Reply #6 on: August 09, 2021, 02:48:07 PM »


Nobody can really protect one's Bitcoin holdings from volatility but I think you can somehow manage the impact it can be creating. In the first place, I don't think Bitcoin is going to be Bitcoin today if its not volatile...it will just be another boring asset and will not be as popular as it is today. Volatility is a two-edge kind of thing...we despair if the value can go down in a dramatic fashion but we celebrate when all of a sudden it jumped. This is where the excitement of Bitcoin is, otherwise it is just going to be a stablecoin.

Yes, I agree nobody can protect bitcoin from market volatility. Because I think investor get earn of volatility.
They will buy when dump and hold it.
Then investors will sell when pump.
I agree with this opinion.

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Re: Can you protect your Bitcoin from market volatility?
« Reply #6 on: August 09, 2021, 02:48:07 PM »


Offline MrSpasybo

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Re: Can you protect your Bitcoin from market volatility?
« Reply #7 on: August 09, 2021, 11:42:10 PM »
If you are a Bitcoin holder, you should plan to hold for the long term and believe in the potential of Bitcoin. Bitcoin has lower volatility than altcoins but is also safer than altcoins. DCA is a good strategy to accumulate BTC, you can also learn about the market to be able to optimize the amount of BTC through each correction.
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Offline gotbounty

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Re: Can you protect your Bitcoin from market volatility?
« Reply #8 on: August 09, 2021, 11:47:08 PM »
Protect the price volatility? No, there is no way to protect the price volatility in crypto market. What we can do is to make sure we manage our Bitcoin well, selling and buying at the right time. That's related to our management and strategy in investment or trading. Just be a smart investor/trader, bro.
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Offline mlawson71

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Re: Can you protect your Bitcoin from market volatility?
« Reply #9 on: August 10, 2021, 01:35:30 PM »
Indeed. The only thing one can do to protect themselves and their investments is buying low and selling high. Individuals - especially small retail traders - have little control over the price of anything, Bitcoin included. Now, massive whales are another matter altogether.

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Re: Can you protect your Bitcoin from market volatility?
« Reply #10 on: August 11, 2021, 04:55:58 AM »
Protect the price volatility? No, there is no way to protect the price volatility in crypto market. What we can do is to make sure we manage our Bitcoin well, selling and buying at the right time. That's related to our management and strategy in investment or trading. Just be a smart investor/trader, bro.

I agree, I think the key for investment is do the right time to buy and  sell.
Buy when low and sell when high, no one can protect bitcoin from market volatility.
So, enjoy your investment.

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Re: Can you protect your Bitcoin from market volatility?
« Reply #11 on: August 11, 2021, 11:28:44 PM »
Actually, we cannot do anything with the market volatility because one of the characters of Bitcoin is its high volatility. However, we can manage ourselves what to do to encounter market volatility. We can utilize it to take the gap and its volatility as trading. Or we may not panic to sell when the price drops, only hold it for sure

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Re: Can you protect your Bitcoin from market volatility?
« Reply #12 on: August 14, 2021, 01:35:38 PM »
No one can influence the volatility of bitcoin, because it is completely decentralized. But everyone should follow their own strategy to protect their balance sheet from volatility that can lead to its liquidation.

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Re: Can you protect your Bitcoin from market volatility?
« Reply #13 on: August 15, 2021, 12:01:29 AM »
I agree. You can't influence Bitcoin as an individual, but you can learn how to do proper risk and money management.

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Re: Can you protect your Bitcoin from market volatility?
« Reply #14 on: August 15, 2021, 09:38:19 AM »
I don't even see the point in defending against the high price volatility of this market. It is the high price volatility that attracts the participants in this market. It provides an opportunity to make big profits for those who have studied well how this market works.
Due to the peculiarity of the cryptocurrency and its decentralization, we are still unable to influence the degree of price volatility in this market, we just have to use this feature to our advantage.

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INVESTING, TRADING,
LOTTERY, MARKET
PREDICTIONS.
 
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GAMEFI  ◼  NFT  ◼  DEFI  ◼  CURRENCY TRADING
CURRENCY TRADING  ◼  DEFI  ◼  NFT  ◼  GAMEFI
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.FOREX..TRADING FROM $1.
 
.READ MORE.

 

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