in

Stop trying to time the market, DCA FTW!

Probably a repeat PSA, but seriously, if you’re new (or even not new) to crypto, look into DCA-ing into your favourite coin rather than trying to buy the dip(s).

Quick recap: DCA-ing or Dollar Cost Averaging is basically investing the same amount of money at set intervals over a long period, riding the market up and down… instead of trying to beat the market.

It averages out the buy-in price and is a great way to take emotion out of the equation.

A lot of exchanges have the option to do recurring buys, completely automating the process 🙂

Anyways, thought it was worth repeating the message for the newcomers. Have a play around with this DCA calculator (I use Crypto Head but there’s a few out there) to see what your ROI would have been if you invested X amount of BTC over the period of your choice.

[https://cryptohead.io/dca-crypto-calculator/?crypto=bitcoin&fiat=USD&qty=10&frequency=weekly&start=2014-01-01&finish=2021-03-02](https://cryptohead.io/dca-crypto-calculator/?crypto=bitcoin&fiat=USD&qty=10&frequency=weekly&start=2014-01-01&finish=2021-03-02)



View Reddit by Nexul1View Source

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

41 Comments

What do you think?

Cryptopolitan

Binance Smart Chain unique addresses hit 47.3M ATH

Analysts: XRP to Plunge Further Even After 30% Drop on SEC Lawsuit

Saylor Sees Bitcoin Regulation as Greenlight For More Institution Inflows