“Buy low, sell high,” it’s some of the oldest investment advice in the book. Seasoned investors will often talk about buying the lows and selling the highs. It seems pretty straightforward, but sometimes it’s not. It is important to take impulse and emotion out of your decision making when riding the waves of the market, crypto or otherwise.
[Editor’s note: This is a guest article submitted by Mojtaba Asadian, Founder and CEO, Darico]
How can you successfully identify a legitimate low? How can you tell if a correction will continue or when it has truly hit the bottom? Will volatility and uptrend momentum be sufficient to make your deals worthwhile or will you lose what profits you’ve gained in fees?
To help you navigate the markets more easily, I’ve compiled a list of five key questions that you should ask before you buy.
Note: this is merely one perspective and should not be considered investment advice. It is important to do your own research before investing.
#1 How high was the high?
When looking at a low, you need to work out whether the cryptocurrency is …
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How to invest with bitcoin 2021 