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Whether trading oil futures or Tesla Inc. (NASDAQ: TSLA) stock, knowing when to enter and when to exit can mean the difference between handsome returns and financial ruin. Prices rise and fall, sometimes very quickly. And nowhere is this more true than the crypto market.
The extreme volatility is precisely why there is major money to be made and, by the same token, lost. If timed poorly, investors can lose big. As singer-songwriter Kenny Rogers so eloquently put it, “You gotta know when to hold ’em, when to fold ’em.
If, for instance, you bought Bitcoin (CRYPTO: BTC) in the summer of 2021, you would have watched your investment double in a few short months. Prescient – or more likely, lucky …
Full story available on Benzinga.com