What are some effective strategies for buying low and selling high in the cryptocurrency market?

1 answers

• businessloansdirectAug 04, 2020 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using dollar-cost averaging as an effective strategy for buying low and selling high. With dollar-cost averaging, you invest a fixed amount of money at regular intervals, regardless of the cryptocurrency's price. This strategy allows you to buy more when prices are low and less when prices are high, averaging out your purchase price over time. Dollar-cost averaging helps reduce the impact of short-term price fluctuations and allows you to build a long-term investment strategy. It's important to note that past performance is not indicative of future results, and you should consult with a financial advisor before making any investment decisions.
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