Post
Topic
Board Economics
Re: What is your best investment strategy?
by
Sled
on 08/11/2017, 05:59:56 UTC
The best investment strategy is to buy cheap and sell expensive, but if we look at bitcoin prices at this time of course make us think bitcoin price expensive, but we must believe that the price will be more expensive so the best time for bitcoin investment is now and do not wait anymore.
That's the basic rules in trading and investing, with bitcoin it's very possible because of the price movement.
When there is a dump that is the right time to buy and then sell when there is a pump, it could happen in both bitcoin and altcoins.
That is the most basic but one of the most effective strategy in making a good time to buy and sell bitcoin because when the market is moving down then that is the best time to buy. One of the effective strategy also is to buy regularly or do cost averaging because it will lower the price and balance the bought price enough to give you profits in the future.