I have made significant portfolio rise in the last 5 months and this is one of my secrets.
𝘿𝙤𝙡𝙡𝙖𝙧 𝘾𝙤𝙨𝙩 𝘼𝙫𝙚𝙧𝙖𝙜𝙞𝙣𝙜 for dummies
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𝘿𝙤𝙡𝙡𝙖𝙧 𝘾𝙤𝙨𝙩 𝘼𝙫𝙚𝙧𝙖𝙜𝙞𝙣𝙜 for dummies
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Dollar-cost averaging is a strategy to reduce the impact of volatility by spreading out your stock or fund purchases over time so you're not buying shares at a high point for prices.
DCA is mostly strongly optimized when you're not buying loads of rubbish
DCA is mostly strongly optimized when you're not buying loads of rubbish
Having a portfolio of more than 10 coins can be dangerous and counter productive. DYOR, get quality tokens/coins, then spread your investment in portions over a period of time.
Trading or investing crypto should be done just like you'd run any business. HAVE A STRATEGY
Trading or investing crypto should be done just like you'd run any business. HAVE A STRATEGY
As your investment journey progresses, we know how volatile the crypto market can be and even the most promising of tokens can and will take a hit. When yours do take a hit and it dips, buy more (this is DCA)
if you bought 100 units of CAKE at $20 cost price (2K investment),
if you bought 100 units of CAKE at $20 cost price (2K investment),
When the price of CAKE dips to $10 and you buy another additional hundred units (1K investment); the price eventually recovers back to 20$, then runs beyond to 40$. You'll make more money than Shade whose investment just sat through the spike and fall.
DCA involves you smashing in more capital at the dip of your favorite tokens/coins.
DCA is highly effective your Investors/long term holders and would always magically spike your portfolio.
DCA helps your portfolio to balance out volatility and rids you of emotional trading
DCA is highly effective your Investors/long term holders and would always magically spike your portfolio.
DCA helps your portfolio to balance out volatility and rids you of emotional trading
If this made any sense to you, RT, drop your comments and tell me what you want me to discuss next.
Remember, I'm at your service and I am desperately assured that WE WILL ALL WIN.
Remember, I'm at your service and I am desperately assured that WE WILL ALL WIN.
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