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How I’m Protecting Myself From Bitcoin Crashes (Using Bitget).md

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Lessons from the Last Bear Market:

  • 😓 Mistakes & Losses: Last bear market, my portfolio dropped 90%, but this time, I'm sleeping soundly.
  • 🔒 Hedging: I've been hedging with futures to protect my portfolio without selling coins.
  • 📉 Shorting Risks: Shorting can be risky if used for gambling, but I'm using it purely for hedging.
  • 💼 Bitget Futures: I use Bitget's futures platform (they sponsor me, but I've been using them for months).

How to Hedge on Bitget:

  1. 💰 Deposit: Go to assets, deposit USDT (or other coins like BTC, ETH).
  2. 🔄 Transfer: Move funds to your futures account.
  3. 💼 Open a Position: Choose isolated margin mode, low leverage (1X recommended), and short BTC/USDT.
  4. 📊 Manage: Keep an eye on positions, consider setting stop-loss/take-profit, but I prefer manual monitoring.

Key Takeaways:

  • 🛠️ Hedging vs. Trading: The goal is to hedge, not to trade wildly for profit.
  • ⏰ Monitor Daily: Hedging isn't "set and forget"; you need to adjust positions regularly.
  • 🔗 Try Bitget: Use my link for a bonus when you deposit.