Definitely there would be need for proper and effective risk management when dealing with bitcoin, there should be adequate knowledge of the trends, when to sell and when to hold
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Not even just on bitcoin but also on other crypto currencies. Risk management is needed. The nature of crypto currency and its market alone makes it a high risk investment. And like i always say, always invest what you are okay with loosing. That is one rule of risk management.As the bitcoin is the most emerging and popular cryptocurrency, and it has it very high rates. There are fluctuations in the bitcoin trading, so for that purpose, a man has skills to manage with risk management about such conditions.
RIsk management in bitcoin trading, that’s kind of funny to me.Bitcoin does not need any risk management and it’s even better not to start trading if you can’t take any riskRisk management has the function of planning, controlling, and controlling activities to minimize risk in Bitcoin trading, so I think risk management principles need to be mastered, so in your opinion, what are the points of risk management that Bitcoin traders need to master?
Maybe for you risk management in Bitcoin/crypto trading sounds funny to you, but do you know whether you are aware of it or not you will implement risk management such as Volatility Risk, Money Management Risk including determining how much capital to trade for example if you have 5BTC it is impossible for all of your Bitcoins to be used as capital , you must first determine the amount of capital to trade Bitcoin.RIsk management in bitcoin trading, that’s kind of funny to me.Bitcoin does not need any risk management and it’s even better not to start trading if you can’t take any risk
Bitcoins is a cryptocurrency that do not experience a serious depreciation, in this case I think it is optional for you to use a stop loss when trading bitcoins because then cryptocurrency anything can happen.In general i really think that your actually need risk management in almost everything you do especially in investment like Bitcoin