HOW To Make 10* RETURNS In BTC &Altcoins?🚀
Bitcoin & Altcoins Investment with Dollar-Cost Averaging (DCA) STRATEGY 🚀
DCA is a good strategy for investors with lower risk tolerance. Investors who put a lump sum of money into the market at once, run the risk of buying at a peak, which can be unsettling if prices fall. The potential for this price drop is called a timing risk.
Add some following pointers into your strategy:
1. Start small and increase gradually.
If you’re a Bitcoin newbie, you may want to start with small purchases at lower frequencies until you build your expertise. You can then consider increasing your investment gradually as you learn more about crypto and become more confident.
2. Stay consistent.
DCA won’t work unless you’re disciplined! Make sure you stick to your plan and avoid deviating from it.
While it may be tempting to buy in when Bitcoin performs well, there’s no knowing how long such good times are slated to last. You could very well find yourself in a rut if Bitcoin’s price drops the day after you buy in!
Just buy Bitcoin regularly and patiently, and trust the process. You’ll thank yourself later.
3. Be flexible and adaptable.
While fortune definitely favors the consistent, you should also be open to adjusting your strategy when your circumstances and goals change.
4. Best DCA Timeframe :
Investment goals: Your time horizon is crucial. If you're aiming for long-term growth, a Weekly DCA might suit you, allowing you to ride out short-term market fluctuations.
Some Changes in My DCA Strategy is
I personally placed Buy orders on BTC at every 5% down till price touches to 200 sma on weekly timeframe support level and i placed order of 10% of my total investment on each time which i am investing in btc .
For Crypto coins i place buy orders at every 20% down till price reaches to 200 sma at weekly time frame support level .
#USDT #dollarcostaveraging
