When is the best time to buy cryptocurrency?
To make it short and sweet, the best time to buy a cryptocurrency is when you’re ready to buy a cryptocurrency. Using the dollar-cost averaging approach, you’ll be able to control the volatility of your own cost (at least at some level) and avoid the roller coasters.
Never put more into a crypto than you’re willing to lose. They are not guaranteed winners or asset classes that provide any sort of security, especially if they tank to zero. Some people have made significant amounts of money on the right buy at the right time, but this is often just luck and not from timing the market.
What is the best move with crypto?
Timing a cryptocurrency buy can be a difficult if not treacherous thing to attempt since there are all kinds of elements that go into the price of a coin.
Although there are fewer personality-based drivers (such as sex scandals involving CEOs of major companies, for example), there are more lemming-like sell-offs.
People have only so much tolerance for risk, and the fear of missing out on selling a crypto holding for a short-term profit is a tempting siren song.
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