What are some strategies for reducing the house edge when trading cryptocurrencies?

1 answers

• Mar 23, 2022 · 3 years ago
  At BYDFi, we believe that one of the key strategies for reducing the house edge when trading cryptocurrencies is to focus on long-term investing rather than short-term speculation. By taking a more patient approach and holding onto your investments for a longer period of time, you can potentially ride out market fluctuations and increase your chances of making profitable trades. Additionally, it's important to have a well-defined trading plan and stick to it. This can help you avoid impulsive and emotional trading decisions, which can often lead to losses. Lastly, consider using dollar-cost averaging, which involves investing a fixed amount of money at regular intervals. This strategy can help reduce the impact of market volatility and potentially lower the overall house edge.
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