Hey guys!
Today I will show you how to stop losing money in cryptocurrencies (and other assets) over a long term distance of 3-5 years.
Let's take the example of bitcoin with two price peaks in 2021 and 2024. What do many beginners do? They buy at the highs, take losses, and if the price returns to the entry point, sell at zero or minimal profit.
An alternative to this is the DCA (Dollar-Cost Averaging) investment strategy.
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The main thing is to choose a reliable asset that will not depreciate in the long term. For cryptocurrencies, this is BTC and ETH.
And the second important point is patience. DCA is about gradual, reasonable investments of a part of regular income, which will secure your financial future. In this example, investing $100 every month for 39 months totaling $3,900 would yield $7,700 in profit.
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