How to Know the Right Time to Buy Your Homeowner and Encrypted Digital Coins
Millions of people around the world are watching the encrypted digital currency industry and have intentions to invest in these digital assets.
In 2018 saw a major crisis for these assets lost more than 70 percent of their value, and some digital currencies lost 90 percent of their market value.
As I mentioned earlier, the current crisis comes in parallel with regulation, legislation and market regulation to make it legal and reliable. It will go after destroying currency designed for currencies and currencies that do not have a good vision for the future and are not based on successful projects.
With Bitcoin down to $ 5000 this year after reaching $ 20,000, and the Ripple dropping from $ 3.8 to $ 0.30 now, and the same to the rest of the digital currency, those interested in investing in digital assets are wondering when to buy.
Why is the crisis a chance?
In crises, the value of assets traded is reduced by strong selloffs, thus increasing supply and a collapse in demand.
This is a great opportunity to buy assets that you think will have a future, and you are confident that they will not die in the crisis and that their price will rise in prosperity, not only to pre-bubble levels but to levels never reached in history.
Let's say you have $ 10,000, think of a good investment for the future and you do not want current returns from this investment. It is in your best interest that you lose $ 2,000 to buy $ 5, and you can spend the same amount on several currencies including the XRP, the NEM and other names. Convinced.
After years of investing in these assets during the current crisis, you will realize the benefits of the current collapse and wish you had bought more of them.
What time is it to buy Bitcoin and encrypted digital currencies
When we think about buying a digital currency, the main objective we set for us is to buy at the lowest possible price. There is no guarantee that the crisis will continue and that PeteCwan will retreat to $ 2000. You may wake up tomorrow and find a strong wave of these assets.
But should these assets increase you from buying? Of course you can not buy even in days of high digital assets, but you should know when you should buy.
As a result, researchers in the economy have come up with two important factors that can help you decide when to buy these digital assets.
The first factor is the momentum: if the price of Bitcoin rises sharply for a week it is likely that the rally will continue for another week.
After Bitcoin gains 20% in a week you can buy and then sell after just 7 days to achieve up to 11% of the return on investment.
This factor works well with Bitcoin and can also be applied to the rest of the digital currency, especially as they are all affected by the largest digital currency in the world, but the percentages may be different.
The second factor is the effect of investors' attention: experts note that when PeteCwin and digital currencies are on the rise, searches for Google and search engines are increasing.
Search trends can be linked to Google as prices rise, as more searches for the price increase the currency significantly.
"For weekly returns, the Google search agent is predicting significantly for two weeks before returning," the report said. "More online research on Bitcoin was a leading indicator that the price of bitcoin will rise in the coming weeks.
For the XRP currency, "the Google search agent predicts statistically significantly for one week before returning." For the ethereum currency, "Google's statistical agent predicts statistically significantly for two, three weeks and six weeks before returning."
On the other hand, there is a positive talk about KFH and the digital currencies in Twitter, before any price rise. If the search for or talk about the cracking bitcoin hack increases, there is a greater possibility of seeing a decline in prices.