When is the best time to buy crypto on decentralized exchange?
Asked 4 years ago
My business partner and I have teamed up to enter the world of decentralized exchange! We want to start our DEX journey by buying crypto. When exactly is the best time to buy crypto on DEX? Thanks!
Silas Albert
Monday, May 23, 2022
Like in centralized exchanges and traditional finance, the best time to buy an asset is when the prices are down. You must decide whether the prices are truly down using fundamental and technical analysis. Your decision should be based on this analysis rather than what you are told by someone else. Buying when the prices are down or in a bear market sets you on the path to profits from the frantic bull cycle in which most of the traders who bought during the bear circle are taking profits on their trades.
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