When and how to invest in bitcoins
Among all the
FIAT coins during 2016 Bitcoin was the highest return producing cryptocurrency.
Based upon this fact, quite a lot of people have started considering to buy
Bitcoins. However they always have this confusion as to what is a good time to
buy the Bitcoins. It is always uncertain whether Bitcoin will rise or fall
because the valuation happens after the consolidation of approximately 1000 USD
levels.
Consider Dollar Cost Averaging Strategy
Divide the total
purchase amount into equal and small portions. buy with each portion
consistently. the Purchase is can be made in the intervals of a week, a day,
once in a quarter.This way you will be less worried about your buying price.
this method will ensure Peace of mind because Bitcoin is a highly volatile
asset. this way you can also use a portion of your salary. you don’t have to
invest large amounts which are generally not available.
The only
drawback of the BPL method is that you will not be able to maximize your profit
in bullish market. there have been many feet during which investment by this
method has produced is higher profit then using one lump sum.
DCA advantage in Bitcoin for past 8 years: Low risk, High ROI
As per some
analysis of results shared by Nadav Ivgi, when investors followed the DCA
method, the system generated a ROI of 100% for them. Even people who joined in
last 5years have seen high ROI’s. Analysis also reveals that people investing
since August 2010 upto December 2016 were able to witness a staggering 58,685%
ROI.
To conclude, DCA
is suitable for long term investing in Bitcoin. Everybody Believe that Bitcoin
will continue to rise since it is available in a very limited supply. however we
cannot guarantee if right now is a good time to join or if the price is just
right. DCA is a good way to hedge your interests.
Among all the FIAT coins
during 2016 Bitcoin was the highest return producing cryptocurrency.
Based upon this fact, quite a lot of people have started considering to buy
Bitcoins. However they always have this confusion as to what is a good time to
buy the Bitcoins. It is always uncertain whether Bitcoin will rise or fall
because the valuation happens after the consolidation of approximately 1000 USD
levels.
Consider Dollar Cost Averaging Strategy
Divide the total purchase
amount into equal and small portions. buy with each portion consistently. the
Purchase is can be made in the intervals of a week, a day, once in a quarter.
This way you will be less
worried about your buying price. this method will ensure Peace of mind because
Bitcoin is a highly volatile asset. this way you can also use a portion of your
salary. you don’t have to invest large amounts which are generally not
available.
The only drawback of the BPL
method is that you will not be able to maximize your profit in bullish market.
there have been many feet during which investment by this method has produced
is higher profit then using one lump sum.
DCA advantage in Bitcoin for past 8 years: Low risk, High ROI
As per some analysis of
results shared by Nadav Ivgi, when investors followed the DCA method, the
system generated a ROI of 100% for them. Even people who joined in last 5years
have seen high ROI’s. Analysis also reveals that people investing since August
2010 upto December 2016 were able to witness a staggering 58,685% ROI.
To conclude, DCA is suitable
for long term investing in Bitcoin. Everybody Believe that Bitcoin will
continue to rise since it is available in a very limited supply. however we
cannot guarantee if right now is a good time to join or if the price is just
right. DCA is a good way to hedge your interests.
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