Essential Guide for Beginners 🚀
Now that your account is secure 🔐 and you understand the risk of Hype 🔥, let's talk about the buying technique: "The DCA".
The #1 mistake of the novice is: Putting all the money (e.g., $1000) at once. 📉 If the price drops, you end up with total loss!
The Safest Strategy is DCA (Dollar-Cost Averaging) - Average Cost in Dollars:
1. ⏱️ Consistency: Instead of buying $1000 of $BTC today, you divide the purchase into smaller installments (e.g., $250).
2. 📆 Frequency: You buy $250 every week for four weeks, no matter if the $ETH is rising or falling.
✅ Advantage of DCA (and Why to Use It):
DCA dilutes your risk over time. You buy at various prices (high, low, and medium), ensuring that your average purchase price is much safer. It's the ideal strategy for those who buy long-term and want to sleep peacefully!
If you haven't invested yet, what frequency will you set for your DCA? Comment! 👇
