Post
Topic
Board Beginners & Help
Re: in my opinion don't buy crypto at high prices
by
Razmirraz
on 16/02/2023, 03:23:39 UTC
I often see the crypto market, and lots of people are buying and selling bitcoin and altcoins.
and I often laugh when I see people buying crypto when the price is going up, and why not buy it when the price of the coin is going down. and not long after that the price of the coin dropped, meaning that the person who bought the coin could be said to have suffered a loss if the intention was for short-term investment.
Choosing when to buy and sell crypto assets, of course, varies from one investor to another.
Buying Cryptocurrency when prices are low is highly recommended, but at certain times investors often take advantage of bullish conditions to take profits. I don't see this as a mistake, Crypto assets that go up and down easily make it difficult for traders to predict their prices. Even if the market is going against the grain, the trader's initial intention remains "Buy when the price is low and sell when the price is rising".
You can't always get profit and you won't always lose. Cryptocurrency investment is like a double-edged sword, besides being able to provide large profits, price fluctuations can be a nightmare for investors.