LIVEDCA - Dollar Cost Averaging. It is an investment strategy where an investor regularly invests a fixed amount of money into a particular investment, regardless of the asset's price or market conditions. The goal of DCA is to reduce the impact of market volatility and potentially benefit from long-term growth.
Dollar cost averaging works by buying more shares when prices are low and fewer shares when prices are high. Over time, this strategy aims to lower the average cost per share of the investment. It can be particularly useful for long-term investors who are looking to accumulate assets gradually and minimize the risk associated with trying to time the market.
The success of DCA depends on the performance of the underlying investment and the investor's ability to stick to the strategy consistently.
LIVEI have openly been doing DCA since 2019, I have shared my DCA journey to encourage everyone to do the same .If you know me since then, you know I had the target of collecting 50 BNB. I was able to do this over a year. My average cost is around 45 USD per coin.
As you all know BNB had a parabolic run during the last bull cycle from 50 to 500 in 10 weeks time. That’s 10X profits. This was one of the most profitable investments in my entire portfolio. In addition to 10X gains, I was able to use my BNB to multiple launchpad events where I was able to earn incredible returns.
This is the most memorable experience I had from last cycle. I know that investors should not fall in love with any coin. But it’s hard not to fall in love with BNB.
#FeedFeverChallange #feedfeverchallenge
