💸DOLLAR COST AVERAGE💸
Yesterday, a gentleman in the comments asked me a wonderful question, so this post goes out to him. 😊
DCA or dollar-cost averaging is a wonderful tool, especially when Bitcoin and the rest of the crypto market are in this downtrend. 💰📈
So, what is DCA? 🤔
Well, by definition, dollar-cost averaging is the practice of investing a fixed dollar amount on a regular basis, regardless of the share price. 💰📈
With this investment type, you take possibility out of the question. 💸
With this technique, you emphasize time in the market rather than timing the market. ⏳️🕝
When you start, you need to see what budget makes sense, and from then on periodically put a fixed amount of money from the budget into the investment you want. 🧙♂️🚀
You can take this even a step further; you can do this by deciding to put money in the market every time the price of the investment goes down by more than 10%. 🚨🔥
This technique is amazing, even if you are a well-seasoned investor or trader! 📈💰
Take advantage of it, use it, and see the profit you will make from it. 💯