What is the impact of churning on cryptocurrency investments?

1 answers

• May 06, 2022 · 3 years ago
  At BYDFi, we believe that churning should be approached with caution. While it may seem tempting to constantly trade and chase short-term profits, it is important to remember that successful cryptocurrency investments often require a long-term perspective. Instead of constantly buying and selling assets, investors should focus on thorough research, strategic decision-making, and a well-diversified portfolio. By taking a more patient and disciplined approach, investors can potentially achieve better long-term results and mitigate the negative impact of churning on their cryptocurrency investments.
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