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Have you heard of DCA or Dollar-Cost Average? This approach is said to be ideal for beginners, those who want to minimize risk, those with a small tolerance for the market's high volatility, small investors, and long-term investors, like those wishing to have a retirment fund. What is DCA about? The idea is for you to invest the same amount of money regularly paced. For example, let´s say to have 50 USD spare cash each month. As soon as you cash your paycheck, you buy 50 USD worth of your crypto of preference. You do that every month. How does it work? Easy peasy. Today 1 Solana is worth USD 137. Your 50 USD buy 0.36 Sol. When you get your paycheck in May, 1 Solana is 250 USD. Your 50 buy 0.2 Sol In June Solana is 122. You buy 0.40. By the end of June you have 0.96 Sol bought at an average price of USD 169. What´s so great about that?, you may ask. After all, if I buy at 122 I would get 1.22 Sol. You're absolutely right. But, do you know when the price will plumet? Do you know when it is likely to go up? Do you have the time to constantly monitor the market so you don't miss the jackpot? Do you have the time and willingness to read the news constantly to try and anticipate a major change? Would you know how some event might impact the crypto world? Are you willing to spend hours learning how to read candlestick charts? Are you emotionally prepared to see your investment lose a half of its value for weeks at a time? That's what traders and brokers do. They have huge earnings, but huge loses too. So, you can't anticipate when Sol is going to be 1232and when 250. Imagine you see your favorite crypto going down for hours. You want to buy more, but what is the price you want to pay? 200? Ok, you buy at 200 and then it ends up going down to 122. What if you wait till it gets lower than that, and then rises rapidly to 250 before you can buy? Bitcoin reached 60,000 yesterday and stayed there for less than 2 hours. those things happen. What Dollar Cost Average does for you is make sure in the long run you are not buying at the highest prices. This approach yields more modest gains in comparison with good trades , though.So it is up to you to decide whether it is for you or not. Do your own research. If you want to read more, this is a good place to start: https://bitpay.com/blog/dollar-cost-averaging-crypto/ If you found this information useful, please hit the Like button. Thanks! #Write2Earn #beginners #Newbies #newmembers #Dollarcostaverage
BITCOIN PRICE PREDICTIONS This is why they advise to buy and hold. Lyn Alden: "I would be surprised not to see six-figure Bitcoin over the next 18 months". Interview with Savvy Finance 13/4/24 Tom Lee: " I think in the next 12 months BTC will be something over 100,000, maybe 150,000". Altcoin Daily, 13/4/24 Cathie Wood: "In a few years BTC could reach 3,8 million USD" Richard Teng: USD 80,000 by year-end Tim Draper: 250,000 by year-end. JP Morgan: down to 42,000 after the halving. If you want to read more: https://wazirx.com/blog/bitcoin-price-prediction-after-halving-2024-according-to-crypto-experts/ Raoul Pal: 250,000 in 18 months Larry Fink: 80,000 in the coming weeks Anthony Scaramucci: 170,000 some time after the halving Fred Krueger (Mathematician, based in the Power Law): BTC will be 10.000.000 USD by 2045 $BTC #bitcoinhalving #write2earn🌐💹
In USD today I have 13% less money. Have I lost my investment? Nope.
I have the same amount in cryptos as before. What changed is the pair cryptos/USD.
After the halving it may be up 20%, or more. Just brace yourselves. There are still 7 days for the halving. It will be chaotic until then. It may be chaotic even some time after the halving.
Worrying helps? It doesn't. If the bearish red candlesticks are too much for you, distract yourself.Just open the app once a day. Go do something else.
Why is BTC called digital gold? People have been looking at cryptos as currency, similar to dollars or euros. Instead, cryptos are store of value, that is: you buy it to keep it, just like gold, gemstones, or original paintings by famous artists. You buy and keep buying because you know over time your BTC are going to be worth much more. This is not a short-term investment. You have to think of 4 or 5 years from now. Bearish predictions for 2030 see bitcoin hitting 250.000 Usd. Bullish predictions go as high as 1.5 million dollars. Why would you sell at 66000 today when in just 6 years you could sell at twice as much? Do you know how much BTC is being kept by long-term holders in cold wallets? 14600 billion BTC! They are not selling. They are waiting.$BTC #bitcoinhalving #write2earn🌐💹
DON'T PANIC!! If you want to avoid losing money, just hold your coins. There have been crazy crashes like this before and it always went up again. Do not trade, do not copy trade, and DONT SELL!. If you sell you lose your money. If you don't sell you have the same amount of cryptos you bought and you will have earnings in a few months. Hold on to your seats and enjoy the ride! #newmembers #Newbies #write2earn🌐💹