Quote from: Meowth05 on January 19, 2020, 02:15:56 PM

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?

Volatility is one of the nature of Bitcoin that is why we need to consider upon making a trade. Talking with the tips, perhaps I would say that don't be greedy and don't rush it all. If you saw Bitcoins dump right now, just wait because Bitcoin will eventually rise. But if you can't handle the Bitcoin's volatility I would recommend for you to go in long-term investment.

I believe that operating with high volatility and doing it well is an art, one of the advantages that can be obtained from volatility is, as it says before, doing long-term operations, for me the reason is simple, it gives me more time to react against to aggressive market movements caused by volatility.

I think it is a great point to consider, while short-term trade considering volatility is much harder to react to movements. Many feel that adrenaline runs through their veins when they do Scalping mode trading, it is really an art to do it and leave with a positive balance.

Of course everything changes if the focus is on investment, since it requires time and patience to wait for the profit.