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Values tend to rise in the first 10 days of the month, followed by a price collapse probably because people are selling after increases in the second half of the month. Again, this may vary with other cryptos or smaller altcoins. Based on the coins with the highest cap rates, however, the trend seems to be fairly consistent.
Timing a cryptocurrency buy can be a difficult if not treacherous thing to attempt since there are all kinds of elements that go into the price of a coin. Although there are fewer personality-based drivers such as sex scandals involving CEOs of major companies, for example , there are more lemming-like sell-offs. People have only so much tolerance for risk , and the fear of missing out on selling a crypto holding for a short-term profit is a tempting siren song.
With crypto, like with any kind of investment, your best bet will always be to hold on for the longer term , and buy a little bit at a time. Your highest returns will come from this strategy, even though it's not particularly sexy and doesn't provide any of that Vegas-like thrill for investors hoping for a quick winner. Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Average returns of all recommendations since inception.
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Author Bio After a misspent youth mucking about in local news, Kristi Waterworth had the unique privilege of working as a Realtor and general building contractor prior to the Great Recession. Honestly, she's never really gotten over it. Now, she writes about real estate and the metaverse for The Motley Fool. Please feel free to drop in on her on Twitter and announce your opinions loudly. Image source: Getty Images. Source: YCharts. Join Stock Advisor Discounted offers are only available to new members.
Stock Advisor launched in February of Kat Tretina is a freelance writer based in Orlando, FL. She specializes in helping people finance their education and manage debt. With two decades of business and finance journalism experience, Ben has covered breaking market news, written on equity markets for Investopedia, and edited personal finance content for Bankrate and LendingTree. Select Region. United States. United Kingdom. Kat Tretina, Benjamin Curry.
Contributor, Editor. Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. How to Buy Bitcoin in 4 Steps 1. Featured Partner Offers. Learn More Via eToro's Website. Learn More On Crypto. Learn More On Uphold's Website. Get Started. Was this article helpful? Share your feedback. Send feedback to the editorial team. Rate this Article. Thank You for your feedback!
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