When it comes to investing in cryptocurrencies, should you dollar cost average into a position or invest in a single lump sum?
Well, there's actually a definitive answer to that question.
It comes from a report by "Ishcoin" Ninja, and in this video we'll go through the findings of his report.
Link to report: https://shitcoin.ninja/post/2019/10/comparing-bitcoin-investment-strategies/
🧠 FREE CRASH COURSE - Learn to securely buy, store and sell cryptocurrencies:
https://louis-thomas.teachable.com/p/buying-bitcoin-crash-course
🧠 Want to get smart about crypto investing? Download my brain here:
https://louisthomas.co.uk/download-my-brain/
▶️ 3Speak
I’ve used both methods over the past few years, but I totally agree with what you said about timing can play a big part . Unfortunately my timing could be better. Thanks mike
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yep, timing is a big deal!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Holding current investment in Bitcoin is better strategy I suppose, because we never know when the next spike will hit the ceiling and never comeback to where it is now. If investment in Bitcoin and Steem is not yet made, I presume this is really the good time to make a purchase move. Steem ??? Yes Steem, we know Steem makes movement along with Bitcoin.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi @louisthomas For me, the important thing is to try to buy at the right time, always be up to date with the news and buy exaggeratedly BTC this is which is the basis of this fluctuating world.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Investing 101:
Having a few coins in everything only helps you profit if the entire market goes up at once. It's better to do your due diligence, research, converse with others in the know, and create an investment strategy predicated on your investing goals.
Don't bet on a token, bet on a strategy. Crypto investing on autopilot, wrapped in an intuitive, gorgeous experience.
Too many folks are gambling and not investing.
Build a strategy and stick to it.
It’s the best way to succeed in $crypto.
Seriously.
#crypto
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Agreed! Strategy is very important.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I’m a risk taker... when the time is right, push it all in! 😂😂😂
Posted using Partiko iOS
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hell yeah! Math is on your side too :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you @louisthomas, for my opinion I think the Lump sum investment is good for crypto investment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dollar cost averaging is provably the best IMHO
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Cooler Beitrag 👍 Upvote, resteem & Follow
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the info. Do you have a list of your latest investment? I'd appreciate comparing portfolios.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Of course a good strategy is needed in investing bitcoin. Experience and knowledge in crypto is very much needed in terms of bitcoin gambling, and of course have to be prepared mentally if prices fall overnight.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well the 2017 Outrageous bull did teach people to often take time Consider the future of Cryptocurrency, invest with pure strategy really. I think it's now more than a baseless gamble, it's quite huge and we'd do well if we invest responsibly
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
DCA but not randomly! Dollar cost average in low price ranges. Don't try to pick exact bottoms
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
More time is wasted in Dollar Cost Average, rather put all your eggs in one basket (this is contradictory to Warren Buffett principle), but when you know the trend is certain then no time to waste, put them all.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit