Post
Topic
Board Trading Discussion
Re: Many got REKT :(
by
Lakai01
on 31/05/2021, 05:01:28 UTC
-snip-
It will only be good to sell for a profit of 2x or 3 if you buy back when the price is right. If not they will likely cash out for USD.
Unfortunately, this sounds much easier than it actually is ... just sell high and buy cheap again, but unfortunately it is not like that. "Timing the market" is extremely difficult, especially in the crypto sector, not least because of the very high volatility and the fact that individual news can trigger a price fireworks or a price crash.

For me, it has proven best to slowly start selling in a highly oversaturated market and to slowly start buying again in such phases as now, where there is a very high level of uncertainty - always with the thought in mind that it can still go down much further.