btaliat
VIP Contributor
Cryptocurrencies ever since it's inception in 2016 has proven itself to be a volatile market. The direction of the coins is not even known to anybody even analyst. Though many people have come with different theories that may be responsible for the volatility but none really holds water.
A crypto user then is left with no other choice than to just willingly accept his fate by allowing his coin to dip during the bearish moment with tears in his eyes and rejoice when the coins starts traveling to the moon.
This was the case before some cryptocurrencies analysts came out to find solution to this dire situation and we have many crypto wallets adding some features that can stop of not limit or even prevent much loss during bearish.
The first of its kind was the introduction of stop limit feature. This feature is very useful for cryptocurrencies traders. This features allows them to stop trading at a particular points and even when there is bearish, it may not even affect their coins in an elaborate way.
Following this feature is the introduction of stable coins. Stable coins is to help the hodl. I mean, those people who prefer holding to their coins. With the introduction of stable coins, long term investors can decide to convert their coins to stable coins which neither rises nor falls. This will prevent loss that may occur along the line.
In as much as these two beautiful are very useful when it comes to cryptocurrencies, they still have their flaws because they are not able to prevent loses to the bearerest level. Which other methods do you think a crypto traders can prevent loss during bearish.
A crypto user then is left with no other choice than to just willingly accept his fate by allowing his coin to dip during the bearish moment with tears in his eyes and rejoice when the coins starts traveling to the moon.
This was the case before some cryptocurrencies analysts came out to find solution to this dire situation and we have many crypto wallets adding some features that can stop of not limit or even prevent much loss during bearish.
The first of its kind was the introduction of stop limit feature. This feature is very useful for cryptocurrencies traders. This features allows them to stop trading at a particular points and even when there is bearish, it may not even affect their coins in an elaborate way.
Following this feature is the introduction of stable coins. Stable coins is to help the hodl. I mean, those people who prefer holding to their coins. With the introduction of stable coins, long term investors can decide to convert their coins to stable coins which neither rises nor falls. This will prevent loss that may occur along the line.
In as much as these two beautiful are very useful when it comes to cryptocurrencies, they still have their flaws because they are not able to prevent loses to the bearerest level. Which other methods do you think a crypto traders can prevent loss during bearish.