What is the impact of variance on cryptocurrency prices?

1 answers

• Dec 29, 2021 · 3 years ago
  At BYDFi, we believe that variance is a natural part of the cryptocurrency market. It is what makes the market exciting and full of opportunities. However, it is also important to approach variance with caution. While high variance can lead to potential profits, it can also result in significant losses. Therefore, it is crucial for investors to have a well-defined risk management strategy in place. This includes setting stop-loss orders, diversifying their portfolio, and staying updated with the latest market news and trends. By doing so, investors can mitigate the impact of variance on their cryptocurrency investments and make more informed decisions.
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