What are some tips for rebalancing a cryptocurrency portfolio?

1 answers

• Jan 14, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using a dollar-cost averaging strategy for rebalancing your portfolio. This involves regularly investing a fixed amount of money into your portfolio, regardless of the current market conditions. By doing so, you can take advantage of market fluctuations and potentially buy more of a cryptocurrency when its price is low. This strategy helps to mitigate the impact of short-term price volatility and allows you to accumulate assets over time. Remember to do thorough research and consult with financial professionals before implementing any investment strategy.
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