What are the best strategies for selling digital assets during a market downturn?
Ojas PatelDec 16, 2021 · 3 years ago1 answers
During a market downturn, what are some effective strategies for selling digital assets?
1 answers
- Dec 16, 2021 · 3 years agoDuring a market downturn, it's important to remain calm and avoid panic selling. Selling your assets at the bottom of a market downturn can lead to significant losses. Instead, consider taking a long-term approach and holding onto your assets until the market recovers. This strategy requires patience and a belief in the long-term potential of digital assets. It's also worth considering dollar-cost averaging, which involves regularly investing a fixed amount of money into digital assets regardless of market conditions. This can help mitigate the impact of market downturns and potentially lead to better average prices over time.
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