Quote from: Inkdatar on January 18, 2020, 11:26:21 AM

Quote from: dicasimportantes on January 18, 2020, 01:15:01 AM

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

Everyone who has ever traded for more than a couple of hours have had episodes where their trades are wrecked because of bitcoin volatility reflecting on the whole market.

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

I believe that the best way to not lose everything is not to risk too much. Have other sources of currencies besides bitcoin. When the value is low, try to wait a while before selling, until you recover the value.

Expect the volatility of bitcoin and just invest only on what we can afford to lose. Also to handle this volatility is take a chance in buying at low price since we can gains when price has a sudden spike in the market. Well indeed also to diversify our investment is good so we have an option when there are sudden moves of bitcoin happen.

Those who risk a lot in bitcoin are brave! The volatility of bitcoin is a sign that it is risky. Many people will lose their capital when they engaged with bitcoin. They think that it is good to buy that time but they are wrong. However, many people have been learned also from the past and they will not do it the same way again. Invest what we can afford, it's always been the sound but we need in to in our mind.