Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Karl_BC on August 02, 2021, 10:43:16 AM
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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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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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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.
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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.
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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.
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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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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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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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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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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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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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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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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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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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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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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.
Yes you're right, decentralised system, I think no one can control bitcoin and altcoins. We also cannot protect from the bitcoin volatility.
We can use the character of bitcoin than volatile to earn profit. So I think It's not big problem.
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if u hodl bitcoin then you can protect your bitcoin investment from volatility , as bitcoin fairly increases its inflation rate in year-to-year comaparison. hodl is the most secure to avoid losses from your investment.
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The only way to protect our BItcoin from volatility is by holding it only and managing our emotions and strategies in trading Bitcoin.
The bitcoin market will not be stable or will be always volatile. That is why we cannot make it volatile.
but we can avoid the volatility by holding it only, putting it in our wallet, and then save it for several years sp that we can get higher profits in the next bullrun. This means that we are not influenced by the volatility
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The only way to protect our BItcoin from volatility is by holding it only and managing our emotions and strategies in trading Bitcoin.
The bitcoin market will not be stable or will be always volatile. That is why we cannot make it volatile.
but we can avoid the volatility by holding it only, putting it in our wallet, and then save it for several years sp that we can get higher profits in the next bullrun. This means that we are not influenced by the volatility
A great way, and of course this will give us a big advantage. But here we are required to be patient, and that is very important.
Worrying about prices going down and we're going to lose can sometimes easily make us change our minds.
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The nature of Bitcoin price is volatile, we cannot remove it from Bitcoin. I don't think there will be a way to protect our Bitcoin from the volatility of its price. We also must be aware that volatility isn't a bad thing for Bitcoin. Instead, volatility can create a chance for Bitcoin holders to get a bigger reward. Volatility is one of the good things in crypto market.
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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.
I think I agree, no one can protect volatility of bitcoin, As you said.
We can manage our fund by doing at the right time, buy when low and sell when high.
So, decentralized will always be volatile.
No matter , It is good thing
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No, it is impossible to protect Bitcoin or any other cryptocurrency from volatility (except stable ones) as it is their nature. It would be like trying to stop aging, for example. In addition, that is also what makes more people able to invest for the first time, it must be remembered that many people wait for the changes of cycles to invest for the first time and buy again, that's why we can't fight volatility.
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As far reading the title of this post, many people might think about the price volatility which will be gone or not. But reading that whole post, it's meant to be about the process to keep your portfolio safe from bitcoin or market's volatility as bitcoin or other crypto asset will always have their volatility. So we need to have clear and strong knowledge about TA and FA as well as the ability of minimizing fomo, IMHO.
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I can assume that the price of the crypto coin can also become stable if the market is regulated by the government. But bitcoin cannot be regulated by anyone, since it is completely decentralized.
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There are certainly attempts to regulate it. As well as attempts to Ban it, China seems to be doing a relatively effective job at it.
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There are certainly attempts to regulate it. As well as attempts to Ban it, China seems to be doing a relatively effective job at it.
The regulation of bitcoin by states can in no way affect the state of its price volatility. States, if they could change the way bitcoin works, they would have done it a long time ago. But they cannot do this, and therefore, the volatility of Bitcoin and other decentralized cryptocurrencies will always persist. If the cryptocurrency loses its volatility, it will drastically lose its popularity.
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Volatility cannot be avoided, it is the nature of crypto market. I think volatility isn't a bad thing, it is a good thing and makes people prefer to choose the crypto market. Personally, volatility is a reason that makes me have crypto assets. I know that volatility makes a chance to earn bigger profits. We cannot find the big volatility in another type of digital assets.
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Volatility cannot be avoided, it is the nature of crypto market. I think volatility isn't a bad thing, it is a good thing and makes people prefer to choose the crypto market. Personally, volatility is a reason that makes me have crypto assets. I know that volatility makes a chance to earn bigger profits. We cannot find the big volatility in another type of digital assets.
Yes, I agree with you. No one can avoid of crypto currency. Volatility is the nature of crypto, I agree with this
We can buy at low when the price dump and sell when high.
I think It's the reason many investors prefer invest in crypto currency
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I think the simplest way is to just leave the exchange and put all the bitcoins you have in a hardware wallet that you can own and store until the price becomes very expensive and can provide a lot of profit the following year.
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I think the simplest way is to just leave the exchange and put all the bitcoins you have in a hardware wallet that you can own and store until the price becomes very expensive and can provide a lot of profit the following year.
You're right, just hold when market depression happened.
I have done it.
While market dump, I will put all my bitcoin on my wallet and wiat the market will green again,
It's simple way.
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I think that really depends on where you've bought it. If you've bought it at 60k it's hard to hold when it drops to 30k.
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It is natural that the cryptocurrency market will always be volatile. However, since the cryptocurrency market is ever-changing, investing here in a hurry can be detrimental. So investors should refrain from rushing to invest in the cryptocurrency market. So I think there is no stability of interest in investing on Bitcoin.
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I think the post say we should minimize risk but not avoid volatility, use it to make money. Bitcoin should connect with market, it will create chance for income we call it volatility. Protect our asset means never use without plan and for game, our fund is our future. Many strategy can be use to grow our fund and investment is the best one as long we stay with btc. Everyone must protect their asset and the key is discipline and without volatility market will quiet and our money never grow.
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In my opinion, to do security like that, the only way is to move all bitcoin assets from the exchange to a hardware wallet which can be found at several online stores that are available selling cryptocurrency equipment, so when the exchange is having problems, the bitcoins you have are still safe.
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The biggest gift of the cryptocurrency market is its Volatility because without the market's high-level volatility sometimes, most people wouldn't invest in it anyway because there is nothing to gain. Nowadays, people compare how Bitcoin is better than Gold investment why? because over the few years of Bitcoins existence in comparison to Gold, the ROI of Bitcoin V Gold is in the thousands of percent with the same time frame and amount which makes it more interesting, and as some have mentioned, the only thing will be your level of Risk management with Investment and understanding of the market with entry and exist.
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Protecting Bitcoin from market prices that are always changing is the same as trying to stem the vast ocean with our own hands, the same thing will not bear fruit if we protect the price of Bitcoin which is always changing every second.
We can secure our Bitcoins by protecting our private keys or by storing our Bitcoins in trusted exchanges like Binance, but we can't protect against Bitcoin prices that change all the time.
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Bitcoin and Etherium are the two most popular coins in cryptocurrency. In particular, it can be seen that the most popular is Bitcoin. This coin has grown the most in the market. Especially a few times more than etherium. But Etherium has increased a lot in terms of its price. But I think Ethereum will never be able to overtake Bitcoin.
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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.
Of course, we shouldn't afraid with volatility, because volatility always happened at crypto market.
Whales take the profit from this condition.
Buy when dump, hold and will sell when high.
Me as trader also done that, because I believe invest in crypto currency is doing the right time.
Seek the right time to buy and sell.
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When you say, protecting your Bitcoin against volatility I am guessing you mean how you should take positions in the market when there are dips, that is sell when the market is dipping and buy back when going back up. other than this, there is no protecting Bitcoin from the market volatility because that is a major phenomenon of the market that cannot be controlled at least by yourself anyways.
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I am a new member of this forum. I have no right idea about this. In this regard, you can protect Bitcoin from market volatility. Hopefully over time I will be able to learn everything. I have been able to learn everything slowly from the senior brothers of this forum.
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At other times we have generally seen that if the value of bitcoins increased, the value of other currencies would increase. But Lately, it has been seen that despite the pumping of bitcoin prices, the value of any cryptocurrency is not increasing. If the market continues like this, I think the market will go worse
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I am a new member of this forum. I have no right idea about this. In this regard, you can protect Bitcoin from market volatility. Hopefully over time I will be able to learn everything. I have been able to learn everything slowly from the senior brothers of this forum.
No one, absolutely no one can protect Bitcoin from market volatility, especially protect it against whales, the only thing we can do against that is to use stablecoins (USDT, BUSD and others) in combination with Bitcoin to prevent volatility from affecting further the value of Bitcoin, but it is still a time consuming job and monitoring (and understanding) the market practically 24 hours a day. It is possible to do it, but it is also very complicated.
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Currently, cryptocurrency has contributed to many large countries in the world. Bitcoin products are being traded in different countries using blockchain technology. Many things can be done through cryptocurrency transactions at present. And what is being traded by cryptocurrency in different types of big companies. This cryptocurrency will go much further in the future.
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I am a new member of this forum. I have no right idea about this. In this regard, you can protect Bitcoin from market volatility. Hopefully over time I will be able to learn everything. I have been able to learn everything slowly from the senior brothers of this forum.
No one, absolutely no one can protect Bitcoin from market volatility, especially protect it against whales, the only thing we can do against that is to use stablecoins (USDT, BUSD and others) in combination with Bitcoin to prevent volatility from affecting further the value of Bitcoin, but it is still a time consuming job and monitoring (and understanding) the market practically 24 hours a day. It is possible to do it, but it is also very complicated.
I agree with you, I think we can convert to stable coins such as USDT, BUSD to protect market volatility.
But It is not profitable.
I have used stable coins when market is going down drastically, then buy more several coin and hold it.
wait the market pumps.
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The only way to protect our BItcoin from volatility is by holding it only and managing our emotions and strategies in trading Bitcoin.
The bitcoin market will not be stable or will be always volatile. That is why we cannot make it volatile. but we can avoid the volatility by holding it only, putting it in our wallet, and then save it for several years sp that we can get higher profits in the next bullrun. This means that we are not influenced by the volatility. At other times we have generally seen that if the value of bitcoins increased, the value of other currencies would increase. But Lately, it has been seen that despite the pumping of bitcoin prices, the value of any cryptocurrency is not increasing. If the market continues like this, I think the market will go worse...
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The only way to protect our BItcoin from volatility is by holding it only and managing our emotions and strategies in trading Bitcoin
Yes, I agree . I think we should manage our emotions and strategies in trading or investing bitcoin and altcoins..
Keep hold when the market is going down. Don't be panic selling, You will lose a lot
Crypto market will always volatile.
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Market volatility is not a big problem for holder at all mate. Suppose i have right now 100 bitcoin and i have stored the bitcoin in my cold wallet for next 10 years . So if the market cap of bitcoin decrease to 50 million right now, i have no problem with it. Because i calculate the bitcoin amount in satoshi value not in usd value. So i have no problem if the market volatile so hard. Just hold till you don't reach your target.
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Market volatility is not a big problem for holder at all mate. Suppose i have right now 100 bitcoin and i have stored the bitcoin in my cold wallet for next 10 years . So if the market cap of bitcoin decrease to 50 million right now, i have no problem with it. Because i calculate the bitcoin amount in satoshi value not in usd value. So i have no problem if the market volatile so hard. Just hold till you don't reach your target.
Well, it seems to me that if you keep your 100 bitcoins for many years and its capitalization drops to $ 50 million, then there will still be problems. With such a capitalization, its price is likely to fall to the level of depreciation.
When it comes to bitcoin price volatility, bitcoin and price volatility are simply inseparable. Bitcoin will always have high price volatility.
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Protecting the bitcoin assets is our job so that we can get the profit from the investments or trades made. It is true that there are several things that need to be learned and also understood before deciding to buy bitcoin or any other coin. willingness to increase knowledge and learn is an important key to be able to advance in investing or trading. make the assets that we have provide profits so that we will be even more excited to get bigger profits. Don't be afraid to fail, make it a lesson in the future to be better.
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There is never a need to hurry when the market starts to sink, everyone starts to panic when the market falls and because of this, the market will sit very quickly. If you invest in a particular project, you must be sure that it will come back.
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We believe that if we know that cryptocurrency market and follow the cryptocurrency market rules we trust that we will be successful. Firstly we need to know how invest crypto.Than we can successful in the cryptocurrency market. Because if we don't know about the cryptocurrency market we can not develop in the market.So i trust that if we can follow this rules we can protect our bitcoin.
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I agree with you I believe it is possible. If we look at the Bitcoin market now, we can see that Bitcoin is in a much better position than other currencies.Bitcoin's market cap is increasing day by day. With the passage of time, Bitcoin has become one of the most popular platforms among the people. Nowadays people don't know about cryptocurrency but they do know about bitcoin.