Every week, I take out $10 to invest in cryptocurrencies. The reason for using the fixed value investment method is that it allows me to diversify risks when the market fluctuates and take advantage of time compounding. I chose the index method, which means that I will decide the allocation of funds based on the overall trend of the crypto market, rather than betting on a single currency. The cryptocurrency market fluctuates greatly, and it is difficult to predict the future direction based on short-term price fluctuations alone. The index investment strategy allows me to track a basket of crypto assets and obtain the average market return without worrying about the expression of a single currency. Although the appearance of a fixed investment of $10 per week is not very good, through the accumulation of time and the long-term growth potential of the market, this strategy gives me the opportunity to enjoy considerable returns in the future. At the same time, fixed investment can also prevent me from emotional trading, especially when the market is ups and downs Fixed investment and index investment are both what I hope to continue in the cryptocurrency market in a steady and continuous manner.
In the sixth week of fixed investment, the market rose sharply, and the positions were gradually reduced to make profits. Fixed investors should avoid the risk of chasing high prices. #定投