It might be doing you more harm than good
It’s a great plan for those that can save for good buying opportunities. Many DCA’ers save like this to insure that they are creating one term savings instead of spending. The question is are the DCAing into Bitcoin or something else waiting for opportunities. Stable coins might be the answer, so long as they don’t tether on you.
Crypto has taught me a lot. He taught a lot not only about the market, but also about life. I thought my own psychology was unshakable. But when I lost 60% on my first investment, I found that it was not so.
I have seen how not to stress during the falls, but on the contrary, to turn it into an opportunity. Some of my friends are very upset when the market turns red, but here's what I tell them. Hey, relax. Today is discount day. Bitcoin has entered a 10% discount do not miss this opportunity. And I'm evaluating it a little myself. I see that almost no crypto currency has been lower than the level I received in 12 months. This also relaxes me during the falls.
Thanks for the nice article.
I'm willing to give this strategy a crack.
I usually buy high and sell low
These are very valuable information, thank you very much for the article.
Using the stablecoin savings strategy while waiting for investment opportunities is such a powerful tool. It seems like alot of people ignore it because the 10-20% APY doesn't sound as attractive as the 300% bull run on an alt coin. However, the 10-20% is relatively safe, guaranteed and genuinely helps grow your account even during a bear market. I've recently just started allocating a portion to this at all times to have a stable and reliable part of my portfolio. It's a good feeling to know that even on a bad week/month, you have that growth to fall back on.
I usually get to the head with the opportunity to lose :), I'm no longer trading, just participating in the Pre-Sales and NFT drops, thanks for the article.