They buy when a cryptocurrency is at a high, sell when the price plummets , and then miss out if the price bounces back. If the price has dropped and you no longer think the cryptocurrency is a good investment, then you should sell. However, a price drop should never be the only reason you sell.
Read moreWhat is the best time to sell Bitcoin?
The researchers found that the average lowest price for Bitcoin was at 6 am UTC time on Fridays . This means that this is on average, is the best time to take a position, in a long trade.
Read moreIs Bitcoin a good investment in 2021?
The high liquidity associated with bitcoin makes it a great investment vessel if you’re looking for short-term profit . Digital currencies may also be a long-term investment due to their high market demand. Lower inflation risk.
Read more