How to avoid losses when investing in crypto currency

[Sincerem]

There is no way to avoid losses in investment. You just have to balance those with gains. That is the only way you come out on top.

It takes several years of practice as well.

There are many ways people can lose in cryptocurrencies investment, investing in the wrong project is one of the easiest way to lose your money permanently . losing it due to depreciation might likely be recovered as the market is likely to bounce back.

 

[glitch]

There are many ways people can lose in cryptocurrencies investment, investing in the wrong project is one of the easiest way to lose your money permanently . losing it due to depreciation might likely be recovered as the market is likely to bounce back.

For sure. There are people who took massive losses before they reached their highest gains.

I always hear of stories where they stuck it out and read the market and numbers right and ended up on top.

 

[Good-Person]

There are many ways people can lose in cryptocurrencies investment, investing in the wrong project is one of the easiest way to lose your money permanently . losing it due to depreciation might likely be recovered as the market is likely to bounce back.

There is no foolproof way to prevent money losses in an absolute sense while trading. However, there are certain thing like the "Stop Loss" feature that you could utilise in order to avoid losing huge money.

 

[Chibson]

if you are investing in cryptocurrency you should understand that it is a very risky venture and anything can happen. You just need to learn how to manage your risks very well because you will make a lot of losses on the way but let your gain be more than your losses.

 

[Sincerem]

For sure. There are people who took massive losses before they reached their highest gains.

I always hear of stories where they stuck it out and read the market and numbers right and ended up on top.

I don't understand, what do you mean by "they have to stuck it out and read the market and numbers right and ended up on top" because the only way this can be done is through technical analysis , I don't know if that is what do you mean

 

[Sincerem]

For sure. There are people who took massive losses before they reached their highest gains.

I always hear of stories where they stuck it out and read the market and numbers right and ended up on top.

I don't understand, what do you mean by "they have to stuck it out and read the market and numbers right and ended up on top" because the only way this can be done is through technical analysis , I don't know if that is what do you mean

 

[Sincerem]

There is no foolproof way to prevent money losses in an absolute sense while trading. However, there are certain thing like the "Stop Loss" feature that you could utilise in order to avoid losing huge money.

The stop-loss feature can only work only when you know what you are doing. It is not work for people that don't understand anything about the volatile market. When you're using it without a good technical analysis to back it up , your stop loss will always hit.

 

[Good-Person]

The stop-loss feature can only work only when you know what you are doing. It is not work for people that don't understand anything about the volatile market. When you're using it without a good technical analysis to back it up , your stop loss will always hit.

Moreover, the stop loss feature may not work if you already have an order placed in the market this means that you could make money only if the prices of the cryptocurrencies increases after you purchase them at a specific price.

 

[Sincerem]

Moreover, the stop loss feature may not work if you already have an order placed in the market this means that you could make money only if the prices of the cryptocurrencies increases after you purchase them at a specific price.

I don't understand what do you mean. If you are using an exchanges like binance, you can possibly use a stop loss order even if you are not a trader. That is what differentiate a cryptocurrency exchanges and a normal storing wallet.

 

[Shigobad2020]

The onky way i know which you can avoid loss in any investment is by being careful and making sure you make the neccesary research before you start investing .

 

[Syldan]

Cryptocurrency trading is one of a digital form of investment which requires knowledge, skills and it application to which if it's not applied appropriate it will be very difficult to be successful in the business.

 

[eenya00]

there would always be an atom of risk when investing in crypto currency because of its volatile nature, as it is something that can change because of positive or negative events in our today's world, so you can not totally avoid loses.

 

[joy101]

If you are investing in a particular business and you do not know how the business works or how it operates, that is the beginning of a failure. To invest in cryptocurrency, you should have a good knowledge around it.

Yes that is why one should understand the particular business that you really want to invest to avoid countless loses, because if someone actually go to the business that she/ he does not understand very well can lost so many money on it.

 

[Chibson]

Yes that is why one should understand the particular business that you really want to invest to avoid countless loses, because if someone actually go to the business that she/ he does not understand very well can lost so many money on it.

Definitely, anyone who is investing in a business he or she does not have proper knowledge of will end up losing a lot of money. The same thing applies to forex trading or cryptocurrency trading because they are high risk ventures.

 

[Gandiba]

Avoiding losses is important because you have to try as much as possible to get the necessary knowledge first. This is the most effective way to avoid losing your money.

 

[Robust]

Some of the only way you can avoid losses while investing in cryptocurrency is to be an active member online searching and checking for update and also be committed in acquiring cryptocurrencies knowledge.

 

[Setho]

There are some key indications that you have to check and do your own research first before investing any money in any cryptocurrency in order to avoid losing money.

 

[Sincerem]

There are some key indications that you have to check and do your own research first before investing any money in any cryptocurrency in order to avoid losing money.

That is what I always try to do. So many cryptocurrency are not worth investing on and I try as much as possible to avoid cryptocurrencies that can't be trusted because the possibility of losing in such cryptocurrency is very high.

 

[Good-Person]

I don't understand what do you mean. If you are using an exchanges like binance, you can possibly use a stop loss order even if you are not a trader. That is what differentiate a cryptocurrency exchanges and a normal storing wallet.

I work on an exchange where you cannot post double orders. I am not sure about Binance because I have never used Binance. I think that I should try it. I have an account with them, though.

 

[Sincerem]

I work on an exchange where you cannot post double orders. I am not sure about Binance because I have never used Binance. I think that I should try it. I have an account with them, though.

Its all depends on your personal interest . it seems a lot of people are very much interested to use binance to carry out any of their cryptocurrency transaction and investment . I also choose to use it most of the time. Which exchanges is that you are using.