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DCA Into Bitcoin At $69k ATH Yields 10% Returns For Investors
Bitcoin (BTC) has been making headlines for years as its value has soared and plummeted, leaving investors to wonder if it’s worth the risk. However, as the world continues to face a financial crisis that has affected major banks, BTC has remained steady around the $28,000 mark, showing strength in uncertain times.
For those who invested in Bitcoin at its all-time high (ATH) price of $69,000 on November 10, 2021, there is good news. Despite the cryptocurrency currently trading at 60% lower than its ATH, these investors are still seeing returns on their investment thanks to dollar-cost averaging (DCA). According to Bitcoin Magazine, these investors are recording 10% returns on their regular investments.
Bitcoin DCA since November 10, 2021 | Source: Bitcoin Magazine
DCA is an investment strategy that involves regularly investing a set amount of money into an asset, regardless of its price. This means that investors buy more when the asset is cheap and less when it’s expensive. By doing this consistently over time, investors can lower the average cost of their investment and potentially increase their returns.
While Bitcoin’s volatility can be concerning for investors, its resilience in tough times has proven to be a valuable asset. As traditional financial institutions struggle to weather the storm, cryptocurrencies like Bitcoin have shown that they can hold their own.
The current market conditions present a unique opportunity for those who have yet to invest in Bitcoin. With cryptocurrency trading at a lower price point than its ATH, investors have the potential to see significant returns in the future. However, as with any investment, it’s important to do your research and understand the risks involved.
As Bitcoin continues to demonstrate strength amid the financial crisis, it’s becoming clear that its worth to investors is only increasing. And for those who have invested using DCA, the current market conditions are proving to be a profitable opportunity.
#Bitcoin #BTCDCA #DCA #btcsoaring #azcoinnews
This article was republished from azcoinnews.com
For those who invested in Bitcoin at its all-time high (ATH) price of $69,000 on November 10, 2021, there is good news. Despite the cryptocurrency currently trading at 60% lower than its ATH, these investors are still seeing returns on their investment thanks to dollar-cost averaging (DCA). According to Bitcoin Magazine, these investors are recording 10% returns on their regular investments.
Bitcoin DCA since November 10, 2021 | Source: Bitcoin Magazine
DCA is an investment strategy that involves regularly investing a set amount of money into an asset, regardless of its price. This means that investors buy more when the asset is cheap and less when it’s expensive. By doing this consistently over time, investors can lower the average cost of their investment and potentially increase their returns.
While Bitcoin’s volatility can be concerning for investors, its resilience in tough times has proven to be a valuable asset. As traditional financial institutions struggle to weather the storm, cryptocurrencies like Bitcoin have shown that they can hold their own.
The current market conditions present a unique opportunity for those who have yet to invest in Bitcoin. With cryptocurrency trading at a lower price point than its ATH, investors have the potential to see significant returns in the future. However, as with any investment, it’s important to do your research and understand the risks involved.
As Bitcoin continues to demonstrate strength amid the financial crisis, it’s becoming clear that its worth to investors is only increasing. And for those who have invested using DCA, the current market conditions are proving to be a profitable opportunity.
#Bitcoin #BTCDCA #DCA #btcsoaring #azcoinnews
This article was republished from azcoinnews.com
MicroStrategy unique DCA strategy,
Since Michael Saylor made MicroStrategy purchase BTC in September 2020, they keep purchasing with several techniques.
Disclaimer: this technique is based on our analysis, not from Sir Saylor, and we think he would agree with our thoughts.
Build a cash flow machine such as MicroStrategy cash income.Use that income to buy assets such as BTC.Hold the asset for a long period of time.Promote the assets that you are buying; make sure it’s not a security such as BTC as it’s a fair launch blockchain.This is a bit risky, borrow a loan backed with your assets such as equity or your house to buy more BTC.If we take a look at the BTC chart, MicroStrategy loves to buy at the top too as it will average making the downturn into upside.Keep buying BTC so it will become a DCA technique.Make Bitcoin education for the public.
That's all for the moment about BTC analysis for MicroStrategy technique.
#BTC #BTCDCA #Bitcoinbuying #BTCtechnique
$BTC
Since Michael Saylor made MicroStrategy purchase BTC in September 2020, they keep purchasing with several techniques.
Disclaimer: this technique is based on our analysis, not from Sir Saylor, and we think he would agree with our thoughts.
Build a cash flow machine such as MicroStrategy cash income.Use that income to buy assets such as BTC.Hold the asset for a long period of time.Promote the assets that you are buying; make sure it’s not a security such as BTC as it’s a fair launch blockchain.This is a bit risky, borrow a loan backed with your assets such as equity or your house to buy more BTC.If we take a look at the BTC chart, MicroStrategy loves to buy at the top too as it will average making the downturn into upside.Keep buying BTC so it will become a DCA technique.Make Bitcoin education for the public.
That's all for the moment about BTC analysis for MicroStrategy technique.
#BTC #BTCDCA #Bitcoinbuying #BTCtechnique
$BTC
Liquidation on the move?
Imagine Bitcoin price goes to $72,000, there will be significant amount of $10 billion in Bitcoin short positions awaiting for liquidation.
To avoid this problem, you may use the DCA technique or modified spot grid technique. DYOR and good luck staking.
#BTC #liquidation #BTCDCA #DCAtechnique #Spotgrid
$BTC
Imagine Bitcoin price goes to $72,000, there will be significant amount of $10 billion in Bitcoin short positions awaiting for liquidation.
To avoid this problem, you may use the DCA technique or modified spot grid technique. DYOR and good luck staking.
#BTC #liquidation #BTCDCA #DCAtechnique #Spotgrid
$BTC
