How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Crypto OGs Brock Pierce and Tim Draper and other experts provide essential advice on how to protect your hard-earned stack.

Crypto is a volatile place. Money can be as easily lost as made through the ups and downs of Bitcoin and the wider market, and there are massive decisions to make. Should you just hodl — invest and do nothing — or actively trade the market? How many coins should your portfolio hold? Self-custody or keep your funds on an exchange with pre-determined stop losses?and experts in the space for their advice and opinions.Brock Pierce is circumspect.

“Self-custody is the key here. Especially when thinking about digital securities and not just crypto. Trading on a centralized exchange that provides the confidence and protection of regulation and, at the same time, trading in a decentralized manner when the customer holds his / her own assets. Generally speaking, your wallet, your keys, your assets. This is the best way to protect yourself from a sudden hold on withdrawals or other events we witnessed in the past year,” Avneri says.

He emphasizes the importance of investing in your own education and notes the importance of diversification.“If you are participating in those markets, then you by necessity take on the counterparty risk associated with those platforms, and how you mitigate those risks is through diversification, but not having all your eggs in one basket. If any one asset fell, it won’t wreck your entire portfolio.

And while crypto investing is often a little bit too interesting for its good, he says successful investing is often the opposite. “I do not think that ever in human history we saw a deflationary asset that generates consistent yield and has potential for such innovation,” concludes Levin.Pierce is sanguine about overall market dumps if you are positioned properly.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 562. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Not Only Bitcoin, These Crypto Stocks Soared After Grayscale's VictoryMicroStrategy, Coinbase, Block, Riot Platforms, Marathon Digital, and others saw theirs shares rising following the SEC's court loss.
Källa: Crypto_Potato - 🏆 568. / 51 Läs mer »