What are the best strategies for buying the rumor and selling the fact in the cryptocurrency market?

1 answers

• Jan 11, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a unique feature that allows users to set automated buy and sell orders based on specific news events or rumors. This can be a helpful tool for taking advantage of the 'buy the rumor, sell the fact' strategy. By setting up buy orders triggered by specific keywords or news sources, you can automatically buy the cryptocurrency when rumors start circulating. Similarly, you can set up sell orders triggered by the confirmation of the news, allowing you to sell your holdings at a predetermined price. This feature can save time and effort, as you don't have to constantly monitor the news and manually execute trades. However, it's important to carefully consider the reliability of the news sources and the potential risks associated with automated trading.
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