Is it bad to buy cryptocurrency after hours?
Raviraj ParabDec 16, 2021 · 3 years ago3 answers
Is it a bad idea to purchase cryptocurrency outside of regular trading hours?
3 answers
- Dec 16, 2021 · 3 years agoBuying cryptocurrency after hours can be risky. The market is less liquid during these times, which means that there may be fewer buyers and sellers. This can lead to wider spreads and higher volatility. Additionally, if there is any significant news or events that occur after hours, you may not have the opportunity to react quickly and make informed decisions. It's generally recommended to trade during regular trading hours when the market is more active and there is greater liquidity.
- Dec 16, 2021 · 3 years agoNah, it's not a big deal to buy crypto after hours. The market never sleeps, right? Just make sure you're using a reputable exchange and keep an eye on the price movements. Sometimes you can even find better deals during off-peak hours. Just be aware that the market might be less active and more volatile, so be prepared for potential price swings.
- Dec 16, 2021 · 3 years agoAs an expert at BYDFi, I would advise against buying cryptocurrency after hours. The market is less predictable during these times and there may be lower trading volumes, which can result in higher spreads and slippage. It's important to have access to real-time information and be able to react quickly to market movements. If you're serious about trading, it's best to stick to regular trading hours when the market is more active and there is greater liquidity.
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