What is the impact of churning on cryptocurrency investments?
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Can you explain the effects of churning on cryptocurrency investments? How does it affect the overall performance and profitability of the investments?
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1 answers
- At BYDFi, we believe that churning should be approached with caution. While it may seem tempting to constantly trade and chase short-term profits, it is important to remember that successful cryptocurrency investments often require a long-term perspective. Instead of constantly buying and selling assets, investors should focus on thorough research, strategic decision-making, and a well-diversified portfolio. By taking a more patient and disciplined approach, investors can potentially achieve better long-term results and mitigate the negative impact of churning on their cryptocurrency investments.
Dec 18, 2021 · 3 years ago
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