RoundlyX πŸ”
RoundlyX πŸ” 2 minutes reading from Bitcoin

Combine Dollar-Cost averaging (Dollar-Cost)

Bitcoin is a cryptocurrency that has seen a lot of volatility in its price.

As a result, many people are hesitant to invest in BTC because they don't want to risk losing all their money.

However, there is a way to mitigate this risk: dollar cost averaging (DCA). πŸ§΅πŸ‘‡

Dollar-cost averaging simply means investing a fixed amount of money into an asset at regular intervals, regardless of the price. πŸ“ˆ

For example, if you wanted to invest 25 into Bitcoin every week, you would buy BTC at whatever price it was that week. πŸ“…

Over time, this would average out the price you pay for Bitcoin and protect you from losses if the price were to drop suddenly.

DCA can help beginners get started with BTC because it allows them to slowly build up their portfolio without putting all their eggs in one basket.

Beginners should always be cautious when investing in Bitcoin or any other cryptocurrency, and dollar-cost averaging is one way to mitigate the risks involved.

If you’re ready to get started, the RoundlyX App makes DCA as easy as making your regular purchases!

You can download the RoundlyX App from your preferred App Store.

Or, you can get started right in your browser at

If you enjoyed this thread, we would appreciate a ❀️ and a RT.

Happy DCA!

RoundlyX | Buy BTC and other Digital Assets with spare change roundups.RoundlyX | Buy BTC and other Digital Assets with spare change roundups.
This post is based on this twitter thread.

Comments

Please login to comment.