August 29, 2021 0 Comments

The Dollar Cost Averaging Method 

This is the best crypto investment method for beginners because it removes the need to enter the crypto market when the timing is right. A lot of novice crypto investors spend a lot of time and stress out waiting for the price of Crypto to fall to the right level. 

When you use the dollar-cost averaging method for your Crypto investing, you will spread your risk over a time period. All you need to do is make purchases at regular intervals and then hold them in your secure wallet. 

Here is an example of how this works. Let’s say that each week you can spare $100 to invest in Bitcoin. So you will make a purchase every week for $100, and some weeks you will receive more Bitcoins for your money, and others you will get less. 

There is no need for you to study Bitcoin price charts for hours. All you need to do is have the discipline to make those $100 purchases every week. You don’t have to wait around for the right price drops; just make your purchase anyway. 

When you use the dollar averaging method, you will find that your profits average out when you decide to sell. You might not achieve huge profits using this method, but if you sell when the Bitcoin price is high, you will still make a good return.