Buying and selling Cryptocurrency How to stay ahead!
I have been buying and selling things all my life. I was a power seller on eBay and i sold on amazon and other market places. I sold locally on Craiglist and more. The basis of these types of businesses are buying low and selling high rite? I have been buying and selling crypto currency and i can tell you its nothing like selling products. The concept of selling at a higher price is the same but the price changes rapidly. How do i stay ahead of the curve to avoid losing money? I use a few methods to accomplish this, today i will explain 2.
The first thing i do is i make sure i watch the market and look for patterns. This is important because this will help you tell where the market will go in the future. You can tell if the market you are watching is on the down trend or an uptrend. if its been going up you may want to wait and see how it plays out rather than buy in and take the chance of a fall. If its going down you wan to wait until you see a change in momentum before you invest.
What happens if you invest to early on a drop or if you purchase high and the price drops? Crypto currency has been here awhile now and none of these companies i buy and sell are fly by night companies. So if a currency takes a fall my advice is to sit tight and hold the money rather than cash out and lose it. With the way the markets are the chances of the price coming back up are very high. if you do this i promise you will almost never take a loss.
As always thank you for reading please don't forget to follow me.