{"id":7713,"date":"2022-06-14T20:00:32","date_gmt":"2022-06-14T23:00:32","guid":{"rendered":"https:\/\/eragoncred.com\/?p=7713"},"modified":"2022-06-13T22:12:16","modified_gmt":"2022-06-14T01:12:16","slug":"bitcoin-and-cryptocurrency-prices-are-extremely-volatile-and-if-they-fall-what-to-do","status":"publish","type":"post","link":"https:\/\/eragoncred.com\/zh_hk\/bitcoin-and-cryptocurrency-prices-are-extremely-volatile-and-if-they-fall-what-to-do\/","title":{"rendered":"Bitcoin and cryptocurrency prices are extremely volatile – and if they fall, what to do?"},"content":{"rendered":"
\"Bitcoin
Bitcoin and cryptocurrency prices are extremely volatile – and if they fall, what to do?<\/figcaption><\/figure>\n

If there was one word to describe Bitcoin and cryptocurrencies, it would be volatile. As rumors, sentiment and fundamental developments quickly entered the market, cryptocurrency prices rose and then seemed to crash almost as fast. In just four days in early June, Bitcoin fell from $30,500 to around $23,500, a drop of nearly 23%. During the same period, Ethereum plummeted by more than 31%, and it seems that the entire crypto market is down this year.<\/p>\n

This volatility appeals to traders looking to profit — but it’s disconcerting, especially for new investors looking to get started. Traders can expect more volatility as new cryptocurrencies emerge and others are eliminated.<\/p>\n

Given how volatile cryptocurrencies are, how should investors manage risk?<\/p>\n

5 things to do when cryptocurrency falls<\/h2>\n

Are you afraid of falling prices or are you keen to buy something cheaper? Either way, here are five things you need to do when cryptocurrency prices plummet.<\/p>\n

1. Keep calm<\/h2>\n

Whether you decide to sell your cryptocurrency or see the dip as an opportunity to buy more, you need to trade calmly. Making emotional decisions, especially when trading, rarely leads to anything good. Therefore, before you panic enter the market, you should first consider why you are trading cryptocurrencies.<\/p>\n