Is it recommended to hold or sell cryptocurrencies during the forex market closing hours?

3 answers

• Dec 15, 2021 · 3 years ago
  It depends on your investment strategy and risk tolerance. Holding onto cryptocurrencies during the forex market closing hours can be a good option if you believe in the long-term potential of the coins you hold. However, it's important to consider the potential risks, such as price fluctuations and market volatility that may occur during this time. Selling cryptocurrencies before the market closes can help you secure profits or minimize potential losses. Ultimately, the decision should be based on your own analysis and understanding of the market.
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• Dec 15, 2021 · 3 years ago
  I'm not a financial advisor, but it's generally recommended to evaluate your investment goals and risk tolerance before making any decisions. Holding onto cryptocurrencies during the forex market closing hours can be risky due to the potential price fluctuations and limited liquidity. On the other hand, selling cryptocurrencies before the market closes can help you avoid potential losses if the market takes a downturn. It's important to do your own research and consult with a professional financial advisor if needed.
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• Dec 15, 2021 · 3 years ago
  As an expert from BYDFi, I would recommend considering the market conditions and your investment goals before deciding whether to hold or sell cryptocurrencies during the forex market closing hours. It's important to stay updated with the latest news and market trends to make informed decisions. Additionally, diversifying your portfolio and setting stop-loss orders can help mitigate risks. Remember, investing in cryptocurrencies involves risks, and it's crucial to do your own research and seek professional advice if needed.
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