How do you know when to buy or sell cryptocurrency?
The goal is to buy when the price of the crypto is low, ideally near the bottom. Then, wait for the next bull market, when market sentiment is high, investors are buying, and prices are increasing. At any time the price of crypto is higher than what you paid, you can sell for a profit.
Do you sell crypto when its high or low?
The buy low, sell high strategy is the foremost rule in trading and investing. We buy an asset when the price is low, and sell the asset when the value is higher in order to make a profit. For some, selling high means selling at a 10% return, while for others it means selling at a 1000% return.
When should I exit cryptocurrency?
Hold for at least a year. Ideally, you will plan your exit after your crypto investment has made significant gains. However, note that the tax you pay on capital gains depends on how long you held the asset before selling it.