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.
Both of them have pros and cons.
If you both $1400 of Bitcoin in one trade, there is a chance that you can get a huge loss if it goes down more but at the same time you can get huge profits if it goes up as well.
On the other hand if you buy $200 daily, you have a chance to buy at a lower price and gain more profit there but at the same time you can buy also at the bottom which can affect your profits as well.
TBH, this is very subjective because different people have different strategies when it comes to investing. As for me, I'm just allocating a portion of my total salary and I'm buying Bitcoin once every month regardless of the price but as much as possible I'm buying at the lowest price possible.