-When entering the field of buying and selling cryptocurrency, you must know when to buy and when to sell. You should buy when the market is down and sell when the market is up. However, talking is easier than doing because you will be affected psychologically by what happens, and some people panic when they see prices drop, selling during the decline out of fear that the market will drop further.
-But there are some notes that if you work on them, you will feel reassured.
There are two types of influences on the market, which are:
First: the natural weekly rise and fall of the market.
Every week, currencies start rising, and their prices drop at the end of the week, not necessarily in the same order. However, if you see that they are rising compared to the previous week, they will inevitably drop to return to a low point because people buy and sell to gain profit during the week.
And if you do not know whether the currencies will drop or rise, you should buy in quantities.
-Let's say you want to buy ten units of $XRP (it is currently in decline at the time of writing this post).
And you do not know whether the price will rise or fall.
You would buy, for example, 2 or 3 units and wait for the price to rise, then sell and take profits. If the price drops a little more, buy 3 units. If it drops further, buy 3 or 4, and do not be afraid because behind every drop there is a rise, and behind every rise, there is a drop.
Second: in the next post, God willing.
