Dollarcostaverage
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đ´ RIPPLE XRP: LAST 48 HOURS TO HOLD ABOVE $0.20? BIG DROP TO $0.19 LOOMING! đ´
Ripple ($XRP ) faces a critical test as analysts warn of a potential drop to $0.19 if bearish pressure persists. A descending triangle pattern and resistance levels have kept $XRP below $0.20, creating speculation of further declines. Although temporary support has held near $0.20, momentum remains limited in this volatile environment.
đ¨ Will $XRP manage to hold its ground, or are we on the brink of a deeper dip? This could be a make-or-break moment for Ripple enthusiasts!
Stay tuned to monitor these key levels as XRP enters a critical phase. đ
đ¨ Will $XRP manage to hold its ground, or are we on the brink of a deeper dip? This could be a make-or-break moment for Ripple enthusiasts!
Stay tuned to monitor these key levels as XRP enters a critical phase. đ
Just Getting Started?
Have you heard of DCA or Dollar-Cost Average?
This approach is said to be ideal for beginners, those who want to minimize risk, those with a small tolerance for the market's high volatility, small investors, and long-term investors, like those wishing to have a retirment fund.
What is DCA about?
The idea is for you to invest the same amount of money regularly paced. For example, let´s say to have 50 USD spare cash each month. As soon as you cash your paycheck, you buy 50 USD worth of your crypto of preference. You do that every month.
How does it work?
Easy peasy. Today 1 Solana is worth USD 137. Your 50 USD buy 0.36 Sol.
When you get your paycheck in May, 1 Solana is 250 USD. Your 50 buy 0.2 Sol
In June Solana is 122. You buy 0.40.
By the end of June you have 0.96 Sol bought at an average price of USD 169.
What´s so great about that?, you may ask. After all, if I buy at 122 I would get 1.22 Sol.
You're absolutely right. But, do you know when the price will plumet? Do you know when it is likely to go up? Do you have the time to constantly monitor the market so you don't miss the jackpot? Do you have the time and willingness to read the news constantly to try and anticipate a major change? Would you know how some event might impact the crypto world? Are you willing to spend hours learning how to read candlestick charts? Are you emotionally prepared to see your investment lose a half of its value for weeks at a time? That's what traders and brokers do. They have huge earnings, but huge loses too.
So, you can't anticipate when Sol is going to be 1232and when 250. Imagine you see your favorite crypto going down for hours. You want to buy more, but what is the price you want to pay? 200? Ok, you buy at 200 and then it ends up going down to 122. What if you wait till it gets lower than that, and then rises rapidly to 250 before you can buy? Bitcoin reached 60,000 yesterday and stayed there for less than 2 hours. those things happen.
What Dollar Cost Average does for you is make sure in the long run you are not buying at the highest prices. This approach yields more modest gains in comparison with good trades , though.So it is up to you to decide whether it is for you or not. Do your own research. If you want to read more, this is a good place to start: https://bitpay.com/blog/dollar-cost-averaging-crypto/
If you found this information useful, please hit the Like button. Thanks!
#Write2Earn #beginners #Newbies #newmembers #Dollarcostaverage
This approach is said to be ideal for beginners, those who want to minimize risk, those with a small tolerance for the market's high volatility, small investors, and long-term investors, like those wishing to have a retirment fund.
What is DCA about?
The idea is for you to invest the same amount of money regularly paced. For example, let´s say to have 50 USD spare cash each month. As soon as you cash your paycheck, you buy 50 USD worth of your crypto of preference. You do that every month.
How does it work?
Easy peasy. Today 1 Solana is worth USD 137. Your 50 USD buy 0.36 Sol.
When you get your paycheck in May, 1 Solana is 250 USD. Your 50 buy 0.2 Sol
In June Solana is 122. You buy 0.40.
By the end of June you have 0.96 Sol bought at an average price of USD 169.
What´s so great about that?, you may ask. After all, if I buy at 122 I would get 1.22 Sol.
You're absolutely right. But, do you know when the price will plumet? Do you know when it is likely to go up? Do you have the time to constantly monitor the market so you don't miss the jackpot? Do you have the time and willingness to read the news constantly to try and anticipate a major change? Would you know how some event might impact the crypto world? Are you willing to spend hours learning how to read candlestick charts? Are you emotionally prepared to see your investment lose a half of its value for weeks at a time? That's what traders and brokers do. They have huge earnings, but huge loses too.
So, you can't anticipate when Sol is going to be 1232and when 250. Imagine you see your favorite crypto going down for hours. You want to buy more, but what is the price you want to pay? 200? Ok, you buy at 200 and then it ends up going down to 122. What if you wait till it gets lower than that, and then rises rapidly to 250 before you can buy? Bitcoin reached 60,000 yesterday and stayed there for less than 2 hours. those things happen.
What Dollar Cost Average does for you is make sure in the long run you are not buying at the highest prices. This approach yields more modest gains in comparison with good trades , though.So it is up to you to decide whether it is for you or not. Do your own research. If you want to read more, this is a good place to start: https://bitpay.com/blog/dollar-cost-averaging-crypto/
If you found this information useful, please hit the Like button. Thanks!
#Write2Earn #beginners #Newbies #newmembers #Dollarcostaverage
#Dollarcostaverage  #DCA #Write2EarnâŹ
How would your portfolio be doing if you had bought $50 of DOT every week since its ATH?
Since the 1th of November 2021 you would have invested 6150$ and you will be the owner of more than 850 DOT worth around 8371$ at today's price. This translates in a 36% ROI. Please note the ATH was at 55$ and today $DOT sits at 9.8$.
You don't need to time the market!
Let the time work for you and invest what you can afford to lose.
How would your portfolio be doing if you had bought $50 of DOT every week since its ATH?
Since the 1th of November 2021 you would have invested 6150$ and you will be the owner of more than 850 DOT worth around 8371$ at today's price. This translates in a 36% ROI. Please note the ATH was at 55$ and today $DOT sits at 9.8$.
You don't need to time the market!
Let the time work for you and invest what you can afford to lose.
#Dollarcostaverage #BTC #ATH #DCA $BTC
How would your portfolio be doing if you had bought $50 of BTC every week since its ATH?
Since the 10th of November 2021 you would have invested 6050$ and you will be the owner of 0.215 BTC worth around 13300$ at today's price. This translates in a 121% ROI.
You don't need to time the market!
Let the time work for you and invest what you can afford to lose.
How would your portfolio be doing if you had bought $50 of BTC every week since its ATH?
Since the 10th of November 2021 you would have invested 6050$ and you will be the owner of 0.215 BTC worth around 13300$ at today's price. This translates in a 121% ROI.
You don't need to time the market!
Let the time work for you and invest what you can afford to lose.
How would your portfolio be doing if you had bought $50 of $ADA every week since its ATH?
Since the 1st of September 2021 you would have invested 6600$ and you will be the owner of more than 13950 $ADA worth around 11020$ at today's price. This translates in a 67% ROI.
You don't need to time the market!
Let the time work for you and invest what you can afford to lose.
#Dollarcostaverage #DCA #Write2EarnâŹ
Since the 1st of September 2021 you would have invested 6600$ and you will be the owner of more than 13950 $ADA worth around 11020$ at today's price. This translates in a 67% ROI.
You don't need to time the market!
Let the time work for you and invest what you can afford to lose.
#Dollarcostaverage #DCA #Write2EarnâŹ
$BTC đđ° Wondering how to make the most out of the upcoming halving event in Bitcoin and other cryptocurrencies?
Consider Dollar-Cost Averaging (DCA)!
DCA involves regularly investing a fixed amount of money at scheduled intervals, regardless of the asset's price.
This strategy can help mitigate market volatility and take advantage of price fluctuations over time.With the next halving approaching, DCA can be a game-changer.
Historically, halving events have often led to increased demand and price surges in the long term.
By consistently investing before and after the halving, you can position yourself for potential generational wealth or substantial profits.
Remember, successful investing is about discipline and long-term commitment. Start your DCA journey today and harness the potential of crypto and binace for a brighter financial future! đ¸â¨ #DollarCostAveraging #BitcoinHalving #Dollarcostaverage #HotTrends #autoinvest
âŻâŻ
Consider Dollar-Cost Averaging (DCA)!
DCA involves regularly investing a fixed amount of money at scheduled intervals, regardless of the asset's price.
This strategy can help mitigate market volatility and take advantage of price fluctuations over time.With the next halving approaching, DCA can be a game-changer.
Historically, halving events have often led to increased demand and price surges in the long term.
By consistently investing before and after the halving, you can position yourself for potential generational wealth or substantial profits.
Remember, successful investing is about discipline and long-term commitment. Start your DCA journey today and harness the potential of crypto and binace for a brighter financial future! đ¸â¨ #DollarCostAveraging #BitcoinHalving #Dollarcostaverage #HotTrends #autoinvest
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