Post
Topic
Board Bitcoin Discussion
Re: Can you protect your Bitcoin from market volatility?
by
conected
on 11/09/2021, 15:35:40 UTC
In fact, the only way out is trading. You can constantly buy and sell them, so you can also make money.
I don't think trading is a way to protect our Bitcoin from volatility. The volatility is the nature of Bitcoin. Although we trade Bitcoin, we cannot avoid the fact the price is always fluctuating. In my opinion, there is no way to avoid the volatility, it is impossible. What we should do is finding a way to deal with the volatility. Buying when the Bitcoin price decreases, then sell the Bitcoin when it reaches our target in selling. It is a simple way to deal with volatility.


- Indeed, sometimes trading multiple times with bitcoin, the fees and volatility also reduce our capital amazingly and we have inadvertently switched from protection to carelessness, however, there is also a similar way to this option is to go to USDT, this process will preserve capital and avoid asset volatility but we will no longer have bitcoin and I don't know if buying back will have the same amount of bitcoin or less or more. One day our bitcoin will leave its home and enter the market, the bird needs to fly to succeed, can't keep it in the cage forever