Bitcoin’s boom and bust: Handling wild price swings.
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In this article you will learn:
- Why the changeable crypto market is not appropriate for every investor
- Why you should keep crypto assets even in difficult times
- Why a market downturn is also an excellent chance for investors
- How dollar-cost averaging can liberate you from emotions
- Why traders are fond of unstable markets
Earlier in the month, it seemed as though “Uptober” would live up to its reputation. But an impressive price surge of $12,000 in just six days was succeeded by an equally vigorous sell-off. Nevertheless, such instability is not extraordinary. Be it an interest rate verdict by the Federal Reserve or a tweet from the US President Trump, price fluctuations are a frequent happening in the crypto space. This can be particularly disturbing for new entrants and result in grave errors. Conversely, extreme price oscillations can be immensely profitable. The ensuing five strategies assist varied investor profiles in navigating turbulent market periods.
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