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What is the right time to invest in crypto
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[QUOTE="Good-Guy, post: 221134, member: 29109"] The problem with cryptocurrency investments is that knowing the right time to invest in cryptocurrencies is pretty hard to predict and this is for many reasons. First of all, many people believe that you must invest money when the market crashes. But the real question here is: [I]how much will the market crash? [/I]The problem here is that this question is almost impossible to answer. For example, I purchased Bitcoin when the Russia and Ukraine crisis started. Bitcoin crashed from $44,000 to $41,000. I purchased the coins at that time and I was hoping that the market will no longer crash any further. It seems that I was wrong. The market crashed even more and the value of Bitcoin went below $39,000! Now there is another problem in this scenario. Whenever, the market crashes in such situations, the total market value of Bitcoin becomes Range-bound and it take many months for the market to recover back. This means that if I purchased Bitcoins when its value was $41,000 and if it fluctuated more, then I have to wait for months because Bitcoin will take a longer time gaining back its lost value. This is why buying the dip strategy is also not that easy as many people think! [/QUOTE]
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