DOLLAR COST AVERAGING – Best Bitcoin Investment Strategy For Beginners!

Investing
For a beginner in the crypto space, without prior trading experience/skills, the strategy of Dollar Cost Averaging is much simpler and superior over trying to “time the market” by trading or just “Lump Sum Buying”. This means consistently buying a fixed USD amount periodically (weekly/monthly) is very likely to produce better results than the great many of traders would achieve over longer periods of time. While you slowly accumulate more Bitcoin against an automatically optimizing average purchase price, you can focus your time as a beginner to learn the basic fundamentals of Bitcoin and crypto landscape and/or study proper trading techniques that can perhaps enhance your investment portfolio management over time.

Original article by Adriaan – https://www.bitcoinforbeginners.io/cryptocurrency-guide/dollar-cost-averaging-investment-strategy-bitcoin/
Ugly Old Goat medium profile – https://medium.com/@homeytel

#Bitcoin #Investing #DollarCostAverage

Articles You May Like

US Law Enforcement Promises $5M for the Capture of Venezuela’s Superintendent of Cryptocurrencies
The Mysterious Satoshi Nakamoto Allegedly Leveraged a Russian Proxy for Communications
Congress Fears US Is Losing Battle to Malware and Darkweb Cyberweapons
Crypto Long & Short: The Emergence of Prime Brokers Adds Resilience but Also Risk
Bitcoin Closes May Candle Above Crucial Resistance, and That’s Big for the Bull Case

Leave a Reply

Your email address will not be published.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