₿ DCA (Dollar-Cost Averaging) Strategy.
Do not worry if you are a complete beginner in this topic; you will understand everything because I will explain everything to you.
Just like in any other business, it is very important in the case of cryptocurrencies to minimize the risks.
Therefore, I invested my money in the three main fields of the world of cryptocurrencies, significantly lowering the risks. The total amount I spent on my crypto business was 30% of my savings. I never invest all my cash or use bank loans; this is my principle!
I invested the 60% of my money set aside for cryptocurrencies into this method.
DCA (Dollar-cost averaging) strategy
Perhaps now You think it is worth only for those having high initial capital
This is not the case!
Moreover, since You have to buy only within specified periods, You do not have to invest a high amount at the same time.
Let’s check out how big profit can we achieve with the exact figures.
There is a page that exactly calculates based on the provided data how big profit do You achieve using this method.
It is available here:
DCABTC -->>>
Let’s assume that You have bought Bitcoin every week for $10.
It is in total:
$10 / month.
I think most people can afford themselves this investment.
So if let’s say You have done this for 5 years, then You would have achieved 819.45% profit in total.
So from the $2,610 that You initially invested, You gained
$23,997.
To achieve these results, You really do not have to do anything else than busing Bitcoin every week on the same day.
Let’s check out another example
Let’s assume that You have bought Bitcoin every week for $20.
This is in total:
$80 / month.
I think most people can afford themselves this investment.
If you have done so for 5 years, then You would have achieved in total
819.45% profit.
So from the $5,220, that You have invested in total, You gained
$47,995.
To achieve these results, You really do not have to do anything else than busing Bitcoin every week on the same day.
These profits are calculated with the actual Bitcoin price.
When writing this chapter, Bitcoin’s price was $38,500, so these data have been calculated with that price. Appr. half year ago, Bitcoin was around $68,000, so if we had calculated the profit then, we would have got much higher figures.
According to all forecasts, Bitcoin will achieve this level again, moreover, will far exceed it.
5-year-term might sound long at first.
First of all, I provided 5 years only as an example, and You may withdraw the invested amount anytime, since that’s your money. However, this method works efficiently if we plan with it for the long-term. If You prefer, check out using a calculator how much money would have You made during 3 years, etc.
5 years is not such a long term, it just sounds long at first, but it passes by very soon. Moreover, if You do not start to do this, or any other kind of method, then the 5 years will pass the same way, but no ‘reward’ will await You .
The exact implementation of the method.
As first, You have to register to a crypto stock exchange.
I use the Binance crypto stock exchange, since this is the largest and most reliable crypto stock exchange, I am very satisfied with it and the conversion is 0.1% there, which is very low:
Binance crypto stock exchange -->>
If Binance is unavailable where You live for any reason, then I recommend the Coinbase or Kucoin crypto stock exchange.
Coinbase and Kucoin is a really reliable crypto stock exchange too:
Coinbase
Kucoin
Setting-up automatic crypto purchase:
To start automatic crypto purchase, click on the ‘Buy Crypto / Card/Debit Card’ button:
Provide in the ‘Spend’ field what amount would You like to regularly spend on purchasing.
Check the ‘Recurring Buy’ option. Then select when the purchase shall take place. For me, personally weekly purchase is set, for Wednesday 15:00.
So the system automatically buys me Bitcoin every Wednesday at 15:00.
Then click on the ‘Continue’ button.
Now You just have to pay the first purchase with your bank card. If You have never used Binance, then of course it requests Your bank card details.
Now You are ready, the system automatically buys Bitcoin for You every week.
As You can see, You can really start this method very quickly, it requires not much time (because You just set it once and then You have nothing else to do), it does not require much initial capital, but brings You extra high profit.
Risk reduction.
The simplest way to reduce risk at DCA method is buying not only Bitcoin, but other cryptocurrencies as well.
I buy only two cryptocurrencies using this method.
Bitcoin (BTC)
Ethereum (ETH)
These two because currently these two cryptocurrencies have the biggest market capitalization, these are the two major crypto projects:
Until today, in each case when the exchange rate of these two cryptocurrencies significantly dropped, their exchange rate achieved the highest level again, and far exceeded it, and this is the most important aspect at the DCA method.
In addition, it often occurs that in one year, let’s say Bitcoin’s price goes up to a multiple times higher level, then in the other year let’s say the Ethereum’s price, so from this aspect, they very well complement each other.
Therefore, I think You should spend 50% of this amount to buy BTC, whilst 50% to buy ETH.
No the key is to start implementing the above instructions.
If you liked the presented DCA method, then do NOT postpone its implementation.
Start right today!
In most cases it used to happen that if somebody does not promptly start to implement the instructions, then (s)he postpones it until the project is gone.
So register to the crypto stock exchange, set automatic purchases and You are ready!
You will see that years quickly pass by, and You would have spent some thousand dollars per week anyway. This way, however, You will benefit from that You multiply your money by 9x according to the actual data.