When to sell Bitcoin for profit

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.

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.

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.