My Crypto Buying Strategy To Get Semi-Rich
I can’t tell you whether or not the crypto craze is over or not, it seems these last several months have been slow at the best of times and scary at others. This is why I wanted to share my method of investing into crypto as we enter into the new year which may or may not be plagued by the ongoing pandemic.
Dollar-Cost-Averaging
While investing in cryptocurrency is wildly different compared to more traditional assets such as stocks, bonds, ETFs or even real estate there is a real benefit to applying more traditional methods to this new form of investment. Enter in, Dollar-Cost-Averaging! DCA for short means you invest smaller amounts of money over extended periods of time at a consistent frequency. Meaning you could choose to invest $50 every month into crypto and you’ll be using DCA. The method behind this idea is to even out all the fluctuations that happen with the market, sometimes you’ll be able to buy the dip, sometimes you’ll be buying the peak, neither is necessarily bad, and by using DCA you’ll be able to smoothly increase your net worth over time leading towards a stress free crypto investment plan!
5% Rule
This rule is more so my own, that’s not entirely based on any meaningful man or statistics. Instead of going all in on the crypto future, I’ve decided to focus on…
