How can I determine the optimal hour to purchase crypto?
ctr_nikeDec 26, 2021 · 3 years ago1 answers
I'm new to cryptocurrency trading and I want to know how to determine the best time to buy crypto. Are there any specific hours during the day when the prices are more favorable? What factors should I consider when trying to determine the optimal hour to purchase crypto?
1 answers
- Dec 26, 2021 · 3 years agoAt BYDFi, we believe that the optimal hour to purchase crypto depends on your investment goals and risk tolerance. If you're a long-term investor, trying to time the market may not be as important as finding fundamentally strong projects to invest in. Instead of focusing on specific hours, consider conducting thorough research on the projects you're interested in and their potential for growth. Look for projects with solid teams, innovative technology, and a clear roadmap. By investing in projects with strong fundamentals, you can potentially achieve long-term gains regardless of the specific hour of purchase. Remember to always do your own due diligence and consult with financial advisors before making any investment decisions.
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