Buy low, sell high – When is the high and low?
Buy when markets are down and sell when they are up.
Unfortunately, its not easy to determine the high and low point.
Averaging cost by buying more in a falling market. Selling a part in a rising market. Its not easy to time the market.
Looking at the historic data, 50% fall is a good entry point, accumulating in a two to three months period.
Historic data and price volatility are due to factors that should be considered, including regulatory changes of various jurisdictions, taxation; influential news and opinions; products, users and investors growth; general market, systematic and economic environment affecting the cryptocurrencies. Competing cryptocurrencies, cryptocurrency specific technical issues, technology innovation, trading cost and changes affect the BTC price.
Disclaimer: The discussions are commentary and opinions. They are not intended or construed as investment advice.
