03-03-2021, 01:43 AM
Stop trying to time the market, DCA FTW!
<!-- SC_OFF --><div class="md"><p>Probably a repeat PSA, but seriously, if you're new (or even not new) to crypto, look into DCA-ing into your favourite coin rather than trying to buy the dip(s). </p> <p>Quick recap: DCA-ing or Dollar Cost Averaging is basically investing the same amount of money at set intervals over a long period, riding the market up and down... instead of trying to beat the market. </p> <p>It averages out the buy-in price and is a great way to take emotion out of the equation. </p> <p>A lot of exchanges have the option to do recurring buys, completely automating the process
</p> <p>Anyways, thought it was worth repeating the message for the newcomers. Have a play around with this DCA calculator (I use Crypto Head but there's a few out there) to see what your ROI would have been if you invested X amount of BTC over the period of your choice. </p> <p><a href="https://cryptohead.io/dca-crypto-calculator/?crypto=bitcoin&fiat=USD&qty=10&frequency=weekly&start=2014-01-01&finish=2021-03-02">https://cryptohead.io/dca-crypto-calculator/?crypto=bitcoin&fiat=USD&qty=10&frequency=weekly&start=2014-01-01&finish=2021-03-02</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Nexul1"> /u/Nexul1 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lvud78/stop_trying_to_time_the_market_dca_ftw/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lvud78/stop_trying_to_time_the_market_dca_ftw/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Probably a repeat PSA, but seriously, if you're new (or even not new) to crypto, look into DCA-ing into your favourite coin rather than trying to buy the dip(s). </p> <p>Quick recap: DCA-ing or Dollar Cost Averaging is basically investing the same amount of money at set intervals over a long period, riding the market up and down... instead of trying to beat the market. </p> <p>It averages out the buy-in price and is a great way to take emotion out of the equation. </p> <p>A lot of exchanges have the option to do recurring buys, completely automating the process
</p> <p>Anyways, thought it was worth repeating the message for the newcomers. Have a play around with this DCA calculator (I use Crypto Head but there's a few out there) to see what your ROI would have been if you invested X amount of BTC over the period of your choice. </p> <p><a href="https://cryptohead.io/dca-crypto-calculator/?crypto=bitcoin&fiat=USD&qty=10&frequency=weekly&start=2014-01-01&finish=2021-03-02">https://cryptohead.io/dca-crypto-calculator/?crypto=bitcoin&fiat=USD&qty=10&frequency=weekly&start=2014-01-01&finish=2021-03-02</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Nexul1"> /u/Nexul1 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lvud78/stop_trying_to_time_the_market_dca_ftw/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/lvud78/stop_trying_to_time_the_market_dca_ftw/">[comments]</a></span>Kind Regards R