RE: Is Numeraire worth investing in?

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Is Numeraire worth investing in?

in cryptocurrency •  7 years ago 

Your strategy on investing seems pretty interesting. Dollar-Cost averaging is also something to consider:
http://www.investopedia.com/terms/d/dollarcostaveraging.asp

Dollar-cost averaging (DCA) is an investment technique of buying a fixed dollar amount of a particular investment on a regular schedule, regardless of the share price. The investor purchases more shares when prices are low and fewer shares when prices are high. The premise is that DCA lowers the average share cost over time, increasing the opportunity to profit. The DCA technique does not guarantee that an investor won't lose money on investments. Rather, it is meant to allow investment over time instead of investment as a lump sum.

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Dollar cost averaging is a great idea for buying bitcoin and eth with USD. But how do you use DCA to buy other coins when you have to buy them with bitcoin, and bitcoin is so volatile? You'd have to convert your USD to tether, and then convert it back to bitcoin when you're ready to buy. If you store it as bitcoin you can't do it.