What are the recommended strategies for selling bitcoins during market volatility?

1 answers

• May 05, 2022 · 3 years ago
  At BYDFi, we recommend using a dollar-cost averaging strategy for selling bitcoins during market volatility. This involves selling a fixed amount of bitcoins at regular intervals, regardless of the market price. This strategy helps to mitigate the impact of short-term price fluctuations and allows you to take advantage of both high and low prices over time. It's important to note that this strategy requires a long-term perspective and may not be suitable for short-term traders. As always, it's important to do your own research and consult with a financial advisor before making any investment decisions.
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