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.
I am not really particular with this strategy but I like how it works so I am thinking in using this kind of strategy even if I will just buy a small amount every week.
But I am wondering if this strategy will still be effective this year so we can still profit even if small as long as we are positive in our investment at the end. I can see the movement of btc as most of the big investors are favoring bitcoin over other currencies.