What is the Best Time to Buy Cryptocurrency?
It is difficult to time the cryptocurrency market due to this volatility. But there are some things you can do to help make sure your retirement accounts earn as much money for YOUR benefit before Uncle Sam gets his hands on it.
1. Market Cycles : Cryptocurrency market follows many cycles and bases it on Bitcoin halving in four-year periods, seeing a rise most of the time during all years post halving.
2. A bear market is buying during a correction (or multi-year withdrawals) can be the same path to big gains in the subsequent bull.
3. Dollar-Cost Averaging (DCA) — investing a fixed amount at predetermined intervals to avoid poor negotiation times and spread price volatility.
4. Low Volume Hours: Less trading happens, usually early in the morning and on weekends which can result in lower fees and calmer prices.
Extensive research, long-term perspective and risk management is necessary for decision-making.
