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How do you manage your crypto investment risk?

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Diversify your portfolio by investing in a variety of cryptocurrencies rather than putting all your money into one.
Regularly review and adjust your investment strategy to align with the changing market conditions and your risk tolerance.
Use stop-loss orders to automatically sell your assets at a predetermined price and limit potential losses.

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C cryptoPioneer25 on 28.10.2023 Posts: 16

Been dabbling quite a bit in the crypto market lately and can’t quite figure out how to limit my risk levels. It’s such a volatile market, I've seen some pretty wild swings. One day I think I'm on top of the world, the next day, not so much. I tried diversifying the portfolio, buying a mix of Bitcoin, Ethereum, and a couple of smaller ones, but it seems like when one goes down, they all follow suit. So how do you guys typically manage your crypto investment risk? Is it all about diversification or are there other strategies you reckon work better? And this might sound a bit daft, but how do you deal with the stress of it all? Software, analytics tools, stress balls? Lay it on me. Interested to know how you folks tackle this.

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