If you would have averaged your Bitcoin buys weekly, youd be up by almost 50% for the yearan impressive statistic that proves it is smart to spread out your buys.
Does averaging out your buys instead of going all in make for a better strategy? With making large buys, its about timing the market. However, averaging out your Bitcoin buys over a longer period of time has brought great returns for investors this year.Full news hereI honestly do not know what to say about this guys, but dang! If only I can afford buying Bitcoin every week and having guts of taking risks in this unpredictable market, for sure I would be in profits by now.
However, do you guys agree about this one? Up to this date, most of the market move are in favor of the bulls than the bears.
Even the bulls are pushing the price higher, the bears are not slowing down in pulling it back. We are still up by the way. From over $3k last January and now hovering around $7.2k after this years high of almost $14k.
Well this really is a proof that why systematic investments work in BTC too and it can provide you a return you can never even expect in real market. Moreover people who say that Cryptocurrencies are volatile and you can lose money. Buying every week gives you a chance of both averaging and laddering your buys. I think if people keep some patience their portfolios of BTC would definitely grow with time.
I honestly do not know what to say about this guys, but dang! If only I can afford buying Bitcoin every week and having guts of taking risks in this unpredictable market, for sure I would be in profits by now.
each person should have their own strategy, for example:
You could be a person who earns $20 with signature campaign and would make $160 in two months, then trade with ETH - USDT and you could make money every day, but you would only make more money if you knew how to trade correctly. .
You could also collect bitcoin and place sports bets (high risk of losing money) and you could make a lot of money. The fact is that every person must have their own strategy to have a lot of money.
Trading and betting like you are saying is no way to earn money. People trade with full swing and employing a study of more than year to become successful at it. It's just not that easy to trade correctly especially in such volatile and manipulative markets such as cryptocurrencies. Moreover Gambling is never a way to make money. It's just a recreational activity which might make you money or might lose you everything. I think no person should have both of these in their investment strategy atleast. OP addresses this thread for those beginners who just buy btc once and whole and then complain about price going down.