Is it advisable to buy or sell crypto during a market crash?

3 answers

• Lewis Lim Lewis Lin YitzheJun 18, 2020 · 5 years ago
  It depends on your investment strategy and risk tolerance. Buying crypto during a market crash can be a good opportunity to buy at a lower price and potentially benefit from a future price increase. However, it's important to consider the risks involved. The market crash could continue, leading to further price drops. Additionally, the value of cryptocurrencies can be highly volatile, so there's no guarantee of immediate profits. It's advisable to do thorough research and consider the long-term prospects of the cryptocurrencies you're interested in before making any investment decisions.
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• Harish RaviSep 09, 2020 · 5 years ago
  Absolutely! Buying crypto during a market crash can be a smart move. Prices are low, and if history is any indication, they will eventually rebound. It's like buying stocks on sale. However, it's crucial to choose the right cryptocurrencies. Look for projects with strong fundamentals, a solid team, and a clear roadmap. Don't just buy because the price is low. Do your due diligence and invest in projects you believe in. Remember, the market is unpredictable, so be prepared for short-term volatility. But in the long run, buying during a market crash can lead to significant gains.
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• Cristobal martin Martin ArandaOct 15, 2020 · 5 years ago
  During a market crash, it's important to stay calm and avoid making impulsive decisions. Selling crypto during a market crash may seem tempting to cut losses, but it's not always the best strategy. If you believe in the long-term potential of the cryptocurrencies you hold, it might be wiser to hold onto them or even consider buying more at discounted prices. Market crashes are often followed by recoveries, and selling at the bottom could mean missing out on potential gains. However, if you have doubts about the future prospects of a particular cryptocurrency, it might be a good idea to sell and cut your losses.
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