Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. Cryptocurrencies
  3. General Cryptocurrency Discussion
  4. Knowledge to avoid Bitcoin loss

Knowledge to avoid Bitcoin loss

Discussion started on General Cryptocurrency Discussion

Print
Pages: [1] 2   Go Down

Miracle Fx

  • Hero Member
  • Posts: 524
  • Points: 0
  • Likes Received: 65
  • Reputation: +2/-0
Please permission to open this topic for discussion and avoid bitcoin losses

Bitcoin is currently very popular, many traders and investors are racing to benefit from the bitcoin market.
Currently bitcoin has reached the price of $ 7,000 with a very good price growth.
The highest price of bitcoin was $ 19,664 in 2017 and in 2018 it caused huge losses because the price of bitcoin continued to decline.

From this history we must learn and do not let losses occur to you.
How to benefit from bitcoin and avoid bitcoin losses?

Linkback: https://www.forex.zone/general-cryptocurrency-discussion/32/knowledge-to-avoid-bitcoin-loss/3076/
#1 - April 20, 2020, 06:07:15 AM

Billy Atkinson

  • Hero Member
  • Posts: 701
  • Points: 5910
  • Likes Received: 39
  • Reputation: +1/-1
My suggestion is that if you invest or trade bitcoin, then averaging strategy can be applied so that losses when bitcoin falls can be minimized. Many bitcoin traders buy with all their capital and think bitcoin is cheap but when bitcoin goes down again it loses big, so use multilevel levels to buy bitcoin.
#2 - April 29, 2020, 09:10:08 AM

ariezz

  • Hero Member
  • Posts: 1048
  • Points: 5674
  • Likes Received: 111
  • Reputation: +4/-0
in trading both forex and coin (bitcoin) can not be separated from the name of the loss so still the risk is still inherent in trading these instruments. So that we can take advantage of opportunities properly is by implementing risk management properly.
#3 - April 29, 2020, 09:27:30 PM

ariezz

  • Hero Member
  • Posts: 1048
  • Points: 5674
  • Likes Received: 111
  • Reputation: +4/-0
in my opinion the knowledge of bitcoin and its character is very important if you really want to focus on investing or even bitcoin investment so that the risk loss can be minimized.
#4 - June 01, 2020, 01:57:54 PM

Kapoor

  • Sr. Member
  • Posts: 410
  • Points: 46229
  • Likes Received: 7
  • Reputation: +3/-0
in my opinion the tips are the same as forex trading, as long as implementing good reisko management, bitcoin trading will be safe and other tips is to make a trading plan for bitcoin trading.
#5 - July 30, 2020, 05:16:25 AM

Sugeng Setiadi

  • Sr. Member
  • Posts: 378
  • Points: 13171
  • Likes Received: 13
  • Reputation: +0/-0
in order to minimize the loss of bitcoin it must be able to master the character of the movement of bitcoin and what causes it even though it is still included as difficult. But as much as possible we should be able to apply risk management properly.
#6 - July 30, 2020, 11:54:52 AM

kusneni

  • Sr. Member
  • Posts: 386
  • Points: 0
  • Likes Received: 62
  • Reputation: +1/-0
Of all things knowledge is important.
before we enter the crypto business, whether trading, investing, or mining bitcoin.
first must explore bitcoin and must know how to find profit.
If there is no knowledge, we will find it difficult when to buy bitcoins and when to sell them.
#7 - August 12, 2020, 03:11:58 AM

OjoL2904

  • Sr. Member
  • Posts: 457
  • Points: 32784
  • Likes Received: 9
  • Reputation: +1/-1
In my opinion, minimizing loss in bitcoin is almost the same as in forex, namely by implementing risk management properly and correctly according to what we understand in applying MM and RM, especially in bitcoin trading.
#8 - August 12, 2020, 06:49:32 PM

Aryox

  • Sr. Member
  • Posts: 434
  • Points: 0
  • Likes Received: 17
  • Reputation: +1/-0
from my experience bitcoin trading uses the same analysis as forex trading analysis so to minimize risk also uses the same method, namely risk management.
#9 - August 13, 2020, 06:37:07 AM

TechnoPips

  • Sr. Member
  • Posts: 436
  • Points: 0
  • Likes Received: 53
  • Reputation: +2/-0
Knowledge not only avoids losses, it can generate profit too, for example knowing and being able to read news about bitcoin, it can provide opportunities for profit and find out the right time to buy bitcoin.
#10 - August 18, 2020, 12:58:59 AM

Forexin

  • Sr. Member
  • Posts: 337
  • Points: 0
  • Likes Received: 25
  • Reputation: +1/-0
Knowledge in any business is an important asset, of course, making bitcoin trading / investing safer.
We must know about bitcoin and what the potential future price is.
#11 - August 18, 2020, 07:44:45 AM

FardhanVx

  • Sr. Member
  • Posts: 462
  • Points: 25708
  • Likes Received: 20
  • Reputation: +1/-3
To minimize losses in bitcoin, it is the same as the application of risk management in other instruments such as forex trading, but in my opinion, the volatile bitcoin price is a bit difficult to apply risk management.
#12 - August 19, 2020, 04:55:22 PM

Riky Namaku

  • Sr. Member
  • Posts: 396
  • Points: 45589
  • Likes Received: 7
  • Reputation: +1/-0
in trading bitcoin or anything related to bitcoin, we must know how and strategies and apply safe management, so we can be safer from the risk of loss.
#13 - August 20, 2020, 12:24:07 PM

PrimaFx

  • Sr. Member
  • Posts: 436
  • Points: 19608
  • Likes Received: 5
  • Reputation: +1/-0
there are many ways to minimize losses in bitcoin trading, one of which is management as we often apply in forex trading.
#14 - August 27, 2020, 11:43:38 AM

FzFx

  • Sr. Member
  • Posts: 426
  • Points: 51533
  • Likes Received: 7
  • Reputation: +0/-0
Bitcoin trading is the same as trading other instruments, so we also need risk management and strategies to maximize profits, so experience, strategy and risk management are needed so as not to lose in bitcoin trading.
#15 - September 16, 2020, 01:59:17 AM
Print
Pages: [1] 2   Go Up
  1. Forex Zone - Forex Forum
  2. Cryptocurrencies
  3. General Cryptocurrency Discussion
  4. Knowledge to avoid Bitcoin loss

Members:

0 Members and 2 Guests are viewing this topic.


Knowledge to avoid Bitcoin loss in General Cryptocurrency Discussion_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity: