Are you Prepared for Crypto volatility?

[Captainsaudi]

"Crypto is highly volatile" is the common slogan we hear in this space. Some analyst advice is always “Invest what you can afford to lose”. One thing I have come to realize is that this space is very large and anybody can make it unless you are busy searching in the wrong direction. Crypto has the potential to change your financial status for the better only if you are ready to embrace it with dedication, commitment, and consistency.

Acquiring the knowledge is the first step in staying afloat in this space. A lot of people focus more on trading rather than seeking out other opportunities that abound in this industry. Some have gained the needed knowledge from Demo trading but lack the funds to start their crypto journey so they abandon the space forgetting that they could look for jobs that could get them the starting funds to progress in this industry.

Some of these jobs require little or no experience to begin, only your dedication and commitment. So what is your excuse and which opportunity do you aspires most

 

[DominionAJ]

One of the things that makes the crypto space interesting is the volatility. You need to understand that when the price is down it’s an opportunity for you to buy in order to get more profit when the price upsurge.

The volatility is what everyone going into the crypto space should be ready for, this will make you have a good review of any project you want to buy into so as to make good profit.

 

[ImamShaheb]

"Crypto is highly volatile" is the common slogan we hear in this space. Some analyst advice is always “Invest what you can afford to lose”. One thing I have come to realize is that this space is very large and anybody can make it unless you are busy searching in the wrong direction. Crypto has the potential to change your financial status for the better only if you are ready to embrace it with dedication, commitment, and consistency.

Acquiring the knowledge is the first step in staying afloat in this space. A lot of people focus more on trading rather than seeking out other opportunities that abound in this industry. Some have gained the needed knowledge from Demo trading but lack the funds to start their crypto journey so they abandon the space forgetting that they could look for jobs that could get them the starting funds to progress in this industry.

Some of these jobs require little or no experience to begin, only your dedication and commitment. So what is your excuse and which opportunity do you aspires most

Those warning/reminders aren't useless tho!

Imagine about those who trades on share market 😑. They're happy with 5/6% gain over the years. Or, those who works as financial advisor with 12-15% gain🙃. That's why it is said,
"Crypto is highly volatile" ,where you can make a sh*t ton of money with just a blink of eye! Yeah blink of eye might be the right choice of word if we compare crypto traders with them! Lol, with that much gain, even an equal or higher percentage of risk is involved!

"Invest what you can afford to lose"

Big exchange's CEOs/Spokes persons always says that. Because they're well aware about the risk involved in crypto investment.!

Tho, Bitget/nance/gian institutions are trying their level best to make crypto education more accessible ya!

 

[ImamShaheb]

One of the things that makes the crypto space interesting is the volatility. You need to understand that when the price is down it’s an opportunity for you to buy in order to get more profit when the price upsurge.

The volatility is what everyone going into the crypto space should be ready for, this will make you have a good review of any project you want to buy into so as to make good profit.

But, you've to consider the main fact & that's 'Emotion/Fear&Greed'. If a trader can get rid of that, then "Booyah!", tho most of them failed to do so!

 

[DominionAJ]

But, you've to consider the main fact & that's 'Emotion/Fear&Greed'. If a trader can get rid of that, then "Booyah!", tho most of them failed to do so!

Emotion such as fear & greed as you listed has shutdown the career of some traders.

As someone who is in the crypto space, always carry out research, do not rely on your emotion or sentiments.

When you carry out a proper research you kill fear and greed because as at that time you do everything base on the technical analysis you’ve carried out.

 

[ImamShaheb]

Emotion such as fear & greed as you listed has shutdown the career of some traders.

As someone who is in the crypto space, always carry out research, do not rely on your emotion or sentiments.

When you carry out a proper research you kill fear and greed because as at that time you do everything base on the technical analysis you’ve carried out.

Actually, we shouldn't worry/think much after taking a trader... Every type of stress/researchs/analysis should be done before taking a trader... after opening there's no way of thinking more or go against the plan...

These criteria varies on trader to trader!
Imagine i'm freaking out after taking this trade...What would happen!!!

 

[DominionAJ]

That’s true though, I see no reason why you should worry. Don’t let in emotion whenever you’re trading.

 

[ImamShaheb]

That’s true though, I see no reason why you should worry. Don’t let in emotion whenever you’re trading.

That's why a trader should be a risk taker & they should have a strong money management policy. Also ,he/she have to chose a good platform like Bitget to operate trades smoothly.

 

[BashirJasper]

That's why a trader should be a risk taker & they should have a strong money management policy. Also ,he/she have to chose a good platform like Bitget to operate trades smoothly.

You're right there. It's just that emotions are now increasingly becoming a big part of traders decision-making. Having lost money in the past, they desperately want to make up and that can be disastrous. However if you intuitively use risk management tools and trade on platforms with high liquidity like the one you mentioned, your chances of success are high

 

[DominionAJ]

That's why a trader should be a risk taker & they should have a strong money management policy. Also ,he/she have to chose a good platform like Bitget to operate trades smoothly.

It’s a good thing to make a good choice of exchange, once you’re trading on the right Platform then you will work on other qualities that are personal to you, such as emotion.