Do you need risk management in Bitcoin trading?

[Kunkun]

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

 

[tyrim88]

It is very instructive to apply risk management in trading in bitcoin,because there will be a time when some technicalities would reuire you to take some wise decision inorder to mitigate your loss or when to buy for a longer period.A friend of mine made some mistake in this regard.

 

[Sincerem]

When trading or buying to holdl BTC, we should apply caution. We should manage the risk simultaneously, and trade when it is right.

 

[Senator]

We will definitely need risk management in trading or even deciding to hodl any cryptocurrency not only the Bitcoin. All these assets are very volatile and we must understand how they work before making that choice

 

[eLdavis]

I believe risk management is needed when it comes to any trading, be it forex trading, bitcoin trading or even crypto currency trading in general. Even in any other form of business, risk management is needed

 

[Josephjossy]

Trading bitcoin involves many risk. It is all about buying low and selling high. You need to buy bitcoin when it is low and sell when the price is high, you may buy hoping the price will get high but unfortunately it may keep going down

 

[Fizzy_boi]

Yeah definitely you need to know about the risk involve in such trading they are lots of conditions where you need to take a certain risk and you have to be ready for any possibility that may arises.

 

[Alexandoy]

In any kind of trading I guess you need risk management so as to control the potential loss. Trading can make you earn a profit and it has also the bad side of losing money. With risk control you can at least lessen the chance of losing. In gambling the ultimate move for risk control is to quit.

 

[eLdavis]

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.

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.

 

[Senator]

There is no aspect in any business where you won't apply risk management in. And the cryptocurrencies space is no different either. You must if you don't want to lose all your assets

 

[babdud02]

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?

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

 

[Suba]

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

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.

 

[Setho]

It is jot all the time that your trading idea can be correct and as such , you should try to employ the many risk management methods that are there.

 

[Hena101]

Of course you need risk management when trading bitcoin or any other coin because it's only with risk management that you will know when to trade and when to wait and watch how the market move, and this is applicable to any kind of trading including forex and even our offline businesses.

 

[Lens]

If there is an investment that needs an effective risk management. It's crypto trade , considering its volatile nature, there is need for an effective risk management. You will do this by setting an entry and exit order

 

[kayode10]

Risk management is very important not only in forex trading or bitcoin trading but any other business you want to engage. existing strategy is one of the risk management tactics you can employ in any vestments you found yourself.

 

[Setfragil]

There is no business that you do that you will not need risk management for the business to avoid recording regular losses that can make the business to fail very quickly.

 

[GIFTMICHAEL]

Gradually the trader should be trading. Not applying caution trading BTC or any other Cryptocurrencies is just detrimental. We don't need to trade or the time but applying some touch of management.

 

[Lordfalcao]

In general i really think that your actually need risk management in almost everything you do especially in investment like Bitcoin

 

[Sotherefore]

In general i really think that your actually need risk management in almost everything you do especially in investment like Bitcoin

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.