I have been involved with cryptocurrencies for several years. But I never invested in any coin just worked bounty. Me along with some of my friends we have opened a coaching center from where we get a fixed amount of salary every month. We all decided to deposit 40% of our salary into a fund and divide it equally among all at the end of the year. We have been doing this for two and a half years. We have created this fund for three years. In this fund we all deposited 3000 rupees every month. Now our age of this fund is over we have already distributed this money among everyone.
We have again decided that we will create one more such fund and extend it further.
But I told my elder brother about this and he told me that you are still acting like a fool. When I responded to this, he told me that the same amount of money you deposit into the fund every month, you can deposit into Bitcoin every month through the dollar cost averaging system. He told me that you will get more profit by investing in bitcoins by dollar cost averaging than by depositing money in the fund, but you will have to hold it for a much longer period of time.
So I decided to take that big brother decision and I'm willing to invest in Bitcoins by dollar cost averaging every month. As I work in a coaching center there are still about 20 days left for the month so I have a small amount of money now which is $12. I started my first bitcoin investment with that amount today using the dollar cost averaging method. I want my investment to last for a long time.
