Question: Should I sell crypto while it's high and wait for it to dip and buy more with the full amount I made on the peak?

Should I sell crypto while it's high and wait for it to dip and buy more with the full amount I made on the peak? I guess what I mean is, is this a viable strategy? Not looking for personal financial advice, just general strategy.

The goal is to long term hold.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Financial Literacy Ch. 11: Investing Discussion MEET JACK AND JILL Throughout our module, we use an example of two people who illustrate good and poor financial choices. Their background information...

Use the story about the electricity market in California to answer Question 1 1) Apply supply-demand analysis and elasticity, and compose a short write-up to explain the volatility of electricity...

Please analyze and contrast the Introduction and Literature Review of the articles below. Paul Krugman by Jason Briggeman30 Paul Krugman (1953-) was raised on Long Island "in a safe middle-class...

only numbers 3,4 and 5 thank you TAXES! When it comes to how the American household is taxed, every family is different. We will start with a model suggesting that the average U.S. household earns a...

Describe Porter's Five Forces and identify what are the porter's five factors that Cowgirl Chocolates needs to determine and consider? Case 6-16 Cowgirl Chocolates Marilyn looked at the...

There are two problems due this week (each worth 35 points) as follows. Case 5-1David L. Miller: Portrait of a White-Collar Criminal (page 144). In comprehensive paragraphs, answerrequirements 1?6....

Multiple choice questions in file.{ tf1\ansi\ansicpg1252\cocoartf949\cocoasubrtf540{\fonttbl\f0\froman\fcharset0 Times-Roman;}{\colortbl; ed255\green255\blue255; ed61\green61\blue61;...

Basis below case , kindly answer ; Question to be Answered : What will be the best exit option for Nigel and Tammy if they decide to do so? Should We Stay or Should We Go? The Case of the Adventure...

Please answer the following questions after reading Lectures 3,4 and 5: 1. Please list, describe and explain each one of the five major types of taxes as discussed in Lectures 3,4, and 5: What is the...

$ millions for Research In Motion and Apple. 4-9, Nokia, Research in Motion, and Apple are competitors in the global marketplace. Key comparative figures for each company follow. Nokia* . . . . . . ....

We want to design a causal discrete-time LTI system with the property that if the input is x(n) = (1/2)nu(n) (1/2) n 1 u(n 1) then the output is y(n) = (1/3)nu(n) (a) Determine the impulse...

Suzie purchases two goods, food and clothing. She has the utility function U(x, y) = xy, where x denotes the amount of food consumed and y the amount of clothing. The marginal utilities for this...

the discount? Use 3 6 5 days for a year. Simple Simon's can earn an effective rate of \ ( \ square \ % \ ) . ( Round to two decimal places. )

Add "Viggo Mortenslet cast = new Map ( ) ;en " to the cast as the key, with value "Aragorn".