Quote from: Visbay on January 04, 2020, 08:33:41 AM

Quote from: skiorf on January 02, 2020, 03:35:09 AM

Quote from: msantamaria86 on December 17, 2019, 05:24:11 PM

~snip~
What tips do you guys have regarding protecting yourself from bitcoin sudden moves?

the right step for me is to cutlose when I open a wrong position, and return to buy it when the price has gone down. that way I can minimize losses, rather than having to hold back and prices continue to fall which can make me a headache. price reduction has become a bitch that can make people stressed.

Its natural mate people get stress when they are their investment lose value and getting down in price so in this matter we should act wisely and dont panic. Its the wrong way of trading. A good trader must know if price falls its time to hold and if you have money try to keep holding as much as possible as the cut loss is not good for everyone.

But the problem here is that everyone have invested in bitcoin and they all are trading without have much knowledge that is why they do not know that what is the time for what action. A good trader never ever face any issue in his trade and he know well that how to face which direction of the price. It will be more better that all other people ho are not expert in trade have to hold for longer time they will get their profit in long term.