Investing in a specific cryptocurrency can cause your initial investment to drop considerably in a short period. So, we always advise our readers the best time to invest in a cryptocurrency is little and often. If you space out your investments then you will have a much better chance of building bigger profits. If you are planning to invest $1000 in a certain cryptocurrency then split your trades into 4 parts @$250 each.
Timing Your Cryptocurrency Investments
Keep your eye on the prize and research the crypto you are interested in, When you think it has reached a low then make a purchase. Once you have made a purchase continue to watch the trading patterns, graphs, news or updates direct from the crypto owners.
- Subscribe to official channels for updates
- Watch the graph and wait for low points
- Invest little and often to reduce bigger losses
- Crypto will go up and down so patience is a must
- Use an exchange for notifications of price changes
If the cryptocurrency continues to drop after you have made a trade then make another when it drops further. This also helps you mentally and softens the beginner fuzz when you realize your new crypto is down 20% overnight
Conclusion – Timing Your Crypto Investments
Timing is key for a successful journey into cryptocurrencies, never rush a trade because that is when issues arise, especially for beginners. Little and often is the key to a healthy crypto portfolio because the markets are very volatile.
There is nothing worse than investing a big chunk of funds and half of it being wiped out overnight, only to come back up in the next few days, after you have panicked and withdrawn the lot. We all make this mistake especially if you have needed traded crypto before!
- Little amounts over a longer period
- Analyze the crypto and buy the dips
- Never go all-in on one crypto because it could considerably drop thereafter
- Plan your trades for maximum profit to avoid disappointment
Leave a Reply