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.
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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 dangerousRisk 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?
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.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.
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.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?