What are some strategies to protect your investments during a Bitcoin dump?

1 answers

• Dec 16, 2021 · 3 years ago
  During a Bitcoin dump, it's crucial to have a plan in place to protect your investments. One strategy is to use a platform like BYDFi, which offers features such as stop-loss orders and limit orders. Stop-loss orders automatically sell your Bitcoin if the price drops below a certain level, while limit orders allow you to set a specific price at which you want to buy or sell. These features can help you minimize losses and take advantage of buying opportunities during a dump. Additionally, it's important to stay updated on market trends and news, as this can help you make informed decisions about when to buy or sell. Remember, investing in Bitcoin carries risks, and it's important to do your own research and consult with financial professionals before making any investment decisions.
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