Invested in crypto and woke up poor? Read this before it's too late!

Yo, bro! 👋👋👋

Like many of you, I am also new to this crypto madness. I recently came across the sad story of one guy who got into crypto up to his eyeballs, taking out loans and all that.

As a result, he squandered all his hard-earned money. Oh, poor fellow!

🟢In the comments under his post, someone wrote that if he had used DCA, then everything would have turned out differently.

So what is DCA and what do you eat it with? Let's figure it out together, because this thing can be useful for us, newbies in the crypto world.

🟢DCA is an abbreviation for "Dollar Cost Averaging" or "Dollar Cost Averaging".

It sounds smart, but it's actually quite simple. Imagine that you decide to invest in Bitcoin. Instead of pouring in all your savings at once, you divide the amount into several parts and buy $BTC in equal installments over a certain period of time, for example, once a month.

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Let's say you have 1000 bucks to invest. Instead of investing it all at once, you divide the amount into 10 parts and spend $100 each month to buy Bitcoin. One month the price of Bitcoin may be high, another month it may be low, but on average over 10 months you will buy Bitcoin at the average price for that period. This is DCA.

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🟢The main feature of DCA is that you reduce the risk of investing at the peak of the price and losing everything at once.

🟢Plus, you won’t constantly guess when it’s better to enter the market - just invest a little regularly, and that’s it.

🔴Of course, there is the other side of the coin.

🔴If you had invested the entire amount at once during the price collapse, then in theory you could have earned more during the subsequent growth. But this is already a guessing game, and DCA is a calmer and more measured strategy.

So if you, like me, are just starting your journey into the world of crypto, take a closer look at DCA.

This can save you from serious losses and nervous breakdowns.💊💊💊

It’s better to slowly but surely than to immediately get involved in a fever and be left without pants.

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