Dollar Cost Averaging (A Sustainable Method of Investing in Bitcoin)

source: https://dcabtc.com/

How do you eat an elephant?

I am still cautious about cryptocurrency. But I also do not want to miss out on it.

  • It is sustainable. I don’t have to buy a large amount. Consistency is key. Small investments on a consistent basis will compound over time.
  • Disciplined frequency means buying at all the price points. But it all averages out to a lower price when compared to buying when the market sentiment is high. When its high, I’ll buy fewer; low, more. This avoids the “buy high (because FOMO)/sell low (because BTC is going down to $0)” reality that many have experienced to great failure. DCA fixes that.
  • I can set it and forget it. Set up a periodic, but regular, frequency where you purchase it automatically. An automatic arrangement means you will not try to time the market. You’ll buy the same amount at the same interval (weekly, monthly, etc…).

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