Do you need risk management in Bitcoin trading?

[chicnthin]

For sure we need risk management in trading. We have to assess ourselves what risks we can take upon investing. What is our risk tolerance? One needs to know these before trading in crypto or any other forms.

 

[Janita]

I think taking risk in life is the part of life because without risky work we cannot go further and developed so I will say that take a part in risky work and business so might be you got habitual and can face all the hurdles in coming life.
I will say that management is somehow risky at Bitcoin so we should study and investigate about this than participate.

 

[Akinwale701]

Risk 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?

Bitcoin trading is very profitable if things happen the way they are supposed to, in this sense whatever the risk you take is worth it, holding or whatsoever. But in n the opposite sense, if the price of bitcoin falls unexpectedly and dumps to the level where it is not reasonable to continue to hold it any longer, the risk is very dangerous

 

[Sammyesx]

Risk management is very necessary in every business, bitcoin trading inclusive , you have manage the risk you take in order not to lose too much of your investment, any risk taken should be a calculated one.

 

[Halexcity]

When trading with with crypto currency you have adopt the skill of risk management and be sensitive when staking.

 

[Eodine]

As Bitcoin has emerged as the leading cryto currency after a long bullish run and factors affecting the rise and fall, it is imperative to watch the trend and calculate risk to make maximum profit on the coin.

 

[Iamt_tommy]

Yes it's very crucial ooo.... Because if one doesn't manage risk he or she might lose everything he has invested in bitcoin.... And as per the bitcoin flow can't be easily predicted so there are times we shouldn't take some risk so has to avoid too much loss....

 

[Klashlly]

Do you need risk management in Bitcoin trading?​

crypto trading is: “Do not risk more than you can afford to lose.” ... Also, trading with borrowed money is not advisable as it puts them in a credit risk position. Risk management strategies can be broadly categorized into three: risk/reward ratio, position-sizing, as well as stop loss & take profits.

 

[Dowenship]

Yes! U can't just decide that its profit is high you won't consider its risk. Risk management must be out in place and must be utilize.
Quote of the day:

Never give up, because the breakthrough is near. Keep pushing till you win

 

[Veetos12]

In order to succeed in life, we have to take risks and break off from our comfort. In that also, it is important that we don't take risks that would break us of. In crypto trading, traders should be careful and make good research before staking and should not just stake for the sake of staking. They should also avoid to not chase their loses, if you see you are loosing much, your emotions might get to you and you might loose more so just go back and go to the drawing board instead.

Trading crytocurrency most especially bitcoin is like other businesses we run based on risk assessment and management ground. Asking to know whether risk management is needed or not in bitcoin trading is very good. Well, my opinion is that it is very much needed because trading bitcoin is s very risky investment.

 

[M Amin]

Risk 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?

yes of course risk management is compulsory in Bitcoin as well as any other crypto currency trading so we can use analytical charts and RSI curves to understand the upcoming values of any cryptocurrency and also some people who are already doing this work we can contact them for help.

 

[Chibson]

In everything we do, we need risk management skills. So also in Bitcoin trading if you did not apply risk management skills you will definitely be at loss because it requires a lot of timing. You need to know the time to buy and the time to sell in order to maximize profit.

 

[Muhammadawais]

The rule of thumb in crypto trading is: "Don't risk more than you can lose." Given the attractiveness of risk in crypto trading, we generally advise traders not to use more than 10% of their budget or monthly income. Also, it is not advisable to trade with borrowed money as it puts them in a credit risk position.

 

[Blessingedidiong]

Every business needs trading. Risk management is needed in Bitcoin trading. You need to know when to trade your coins, the sites to trade your coins,the wallets to store your coins in (this is in relation to the transaction gas fee) and who to trade your coins with.

 

[Jomarie05]

Yes you should never invest the money you can't afford to lose. I know a lot of people who are struggling to manage the coin portfolio. I would say that some of the time you have to also experiment and stake in other coins. This way the distributed risk always puts you more in control and things get better as time goes ahead.

 

[Sheyemanu]

I agree with the fact that yes you should never invest the money you can't afford to lose. I know a lot of people who are struggling to manage the coin portfolio. I would say that some of the time you have to also experiment and stake in other coins. This way the distributed risk always puts you more in control and things get better as time goes ahead and this is a means of diversification

 

[Setfragil]

There is no business that does not need risk management in which cryptocurrency is not left out. You need risk management to help determine when to invest and when not to invest your money due to the volatility nature of bitcoin.

 

[Sincerem]

Every business or investment scheme is attached to risk bearing. Anything that concerns making money is associated by risk. But ability to take the risk, and deploy risk management makes us to be determined investors hungry for success.

 

[Senator]

There is no business that you don't or are not going to be needing risk management on. And Bitcoin is one you must not just go into anyhow. You need to know how much you can be able to risk at any time and when to properly enter and exit a trade

 

[Chibson]

Risk management is very important in cryptocurrency trading and also in any form of business. It helps you minimise risk and loss of money.