"My love for you is like XRP and Bitcoin combined—decentrali | Bejītaa on Binance Square

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"My love for you is like XRP and Bitcoin combined—decentralized, fast, and secure, and nothing’s going to slow it down!"❤️#XRPHolders $XRP 

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#TradeStories ❓What is DCA? Applying DCA strategy in Crypto investment. 🔰DCA stands for Dollar Cost Averaging, which is simply understood as an investor buying an asset many times with different values. The total value of the average splits will reach the highest common price. This is a strategy that is very popular in finance and cryptocurrencies. The main goal of the cost averaging strategy is to effectively minimize the risk at the beginning. ❗️First, DCA is a strategy for Holders The cost averaging strategy is mainly aimed at Holders. They hold the coin for a long time. Their goal is to optimize the cost of owning the coin to the lowest level. As for Traders, they often buy and sell coins during the day, this strategy is somewhat unsuitable. ❗️Second, with the DCA strategy you need to invest multiple times This strategy is only really effective when you are participating in a coin that tends to decrease in a short period or to the support zone. This will ensure that the next purchases will be at a lower price than the previous one to accumulate assets intelligently. ✳️ How to apply DCA cost averaging when investing in Crypto Step 1: Find and select a coin source The nature of the average job is oriented towards long-term investors. Their storage time can last from one or many consecutive years. Therefore, to maintain this continuous investment, choosing an input coin to follow is a top priority. Step 2: Choose the appropriate price averaging method For example, you plan to buy 1 $BTC every month regardless of the price at that time. The condition is that you have confidence that BTC will increase in the future. Then applying DCA price averaging will automatically help you buy the coin at a cheap price. Step3: Prepare capital for averaging You can allocate a portion of your monthly income to averaging. The percentage will depend on your arrangement. In addition, if you intend to average your capital across many different coins, you should also have a suitable allocation plan. You should focus on the coins that you have confidence

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