Cryptocurrencies are a very volatile investment environment. This also means that you have to be very careful when it comes to altcoins. One must be careful of the pump and dump procedures.
But how should you deal with a bull market? When do you enter and when do you exit? How do you deal with fluctuations? There is no ready answer. After all, everyone has their own financial situation and risk profile.
“The cryptocurrency market can grow extremely quickly,” according to the Chainlink founder
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Altcoin news
Why do opportunities exist now?
The fourth Bitcoin (BTC) halving is just over a month away. This halves the daily supply of new bitcoins on the market from 900 to 450 bitcoins! The Spot Bitcoin ETF provides strong buying volume every day. This pushes the price up.
This is of course not the only size as these ETFs are only for sale in America. Together, the popularity creates strong demand, which has already taken Bitcoin to a new record high of over $73,000 ahead of the halving.
Forget timing the market, get involved!
Trying to time the market is very difficult. Statistically speaking, you can miss out on huge returns over the long term if you try this. You exited and/or entered at the wrong time. Staying seated over the long term has often been shown to be best.
In the world of cryptocurrencies, it can sometimes be so volatile that this does not apply here, and I am mainly talking about memes, which are hot air and involve billions! Only people who get there early win. This is no different with pump and dump. So beware of that.
🚀 Dutch Stock Exchange Celebrates the Next Bull Market: Everyone Gets Free Cryptocurrency Worth €20
A bull market doesn't last forever
In just over a year, when the cryptocurrency market is growing tremendously, you would think it would continue that way for a much longer time. I do not expect that. For this reason, I think it is wise to take your profits on time, before the market drops sharply.
Disclaimer: This is not investment advice. Always do your own research before investing.
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