Crypto Dollar-Cost Averaging
Dollar-cost averaging is the strategy of spreading out your crypto investment purchases; buying at regular intervals and in roughly equal amounts. When it is done properly, your portfolio can reap significant benefits.
This is because crypto dollar-cost averaging “smooths” your purchase prices over a period of time. By doing so, you ensure that you are not dumping all of your money in at a given price or any point of time; just in case you bought it at a high price point.
Dollar-cost averaging can be especially powerful in a time where the market is uncertain – kind of what’s going on now in the world! This means you may even be buying when other investors are too afraid to buy, so there’s a good chance you’ll be “buying the dips”.
Committing to such a strategy means that whether the market is good or bad, the average price you pay for your investment in general helps you to score a pretty good deal.
Dollar-cost averaging provides three key benefits that can result in consistent returns. This is because it helps you to:
- Avoid mistiming the market.
- Take the emotion out of investing.
- Think longer-term.
Crypto Dollar-cost averaging therefore saves you from your psychological biases. Investors, professional or not, are still human, and we are prone to making emotional decisions and market gyrates which render us vulnerable to our fear and greed.
Crypto Dollar-cost averaging helps to minimize such errors and mistakes, allowing us to concentrate on the long term growth of our crypto investments.
With The Investing With Chris Jackson Investors Club You'll Get:
Our fellow patrons will receive access to our Discord server, where you will have the ability to receive tons of helpful things like:
- Non-Public Trader Floor Channels on Discord
- Exclusive Invite Only Scripts and Coding for TradingView
- Fundamental Education & Resources
- Technical Education & Resources
- Weekly Mentorship w/ Lessons (Valued $25,000+)
- Free eBooks and Courses along with other Valuable Resources (Valued $10,000+)
- Access to Q&A's Daily along with Nightly Sessions
- Learn How to Read the Charts and Candles
- Learn How to Use the Technical Analysis
- Learn How to Read Financial Documents
- Random Prizes!
- Network with Others like you!
- And so much more!
Hey I get it! You're a self learner, and I love that! I am too!
If that's the path you want to take, at-least take it with me!
I grew up in a small town, about 35,000 people, and not really on the wealthy side.
I am now in my late 30's and it took me what seemed like forever to finally GET IT!
I realized what I needed to do, and here I am helping others!
Pick up a book, or two of mine, subscribe to me on YouTube, join my investors group on Facebook, or even take one of my courses, it's of course totally up to you! But I know you'll learn one thing, that you did not already know with me 🙂
Good luck in this new adventure, and I look forward to seeing you succeed!
PUT Selling Book
Here’s my go to for beginners, for put selling for income.