Post
Topic
Board Bitcoin Discussion
Re: Dollar Cost Averaging Question
by
Boov
on 10/12/2021, 22:24:56 UTC
If I wanted to buy $1,400 of bitcoin every week, should I buy $200 a day or should I buy the $1,400 every week?

Any options will be greatly appreciated.


There's no need to buy every week, just look on the trend of the chart and doing a cost averaging you should see a continuous drop before deciding to take a buy actions. That's right to have a $200 per entry but be careful, once there's a quick recovery don't attempt to panic buy; you might have a break even profit. Always follow the rules of buy when low and sell at high.