How can I determine a good return rate for my digital currency investments?
Nasreen UmerkhanDec 20, 2021 · 3 years ago1 answers
I am new to digital currency investments and I want to make sure I am getting a good return on my investments. How can I determine what a good return rate is for my digital currency investments? Are there any specific metrics or indicators that I should be looking at?
1 answers
- Dec 20, 2021 · 3 years agoDetermining a good return rate for your digital currency investments can be challenging, but there are a few strategies you can use. One approach is to benchmark your returns against industry standards. Look at the average return rates for similar types of investments and see how your digital currency investments compare. Another strategy is to consider the risk-adjusted return. This takes into account the level of risk you are taking on with your investments. If you are achieving a higher return compared to the level of risk, then it can be considered a good return rate. Lastly, it's important to stay informed about the latest market trends and developments. This can help you make more informed decisions and potentially achieve a better return on your investments.
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