Dollar Cost Averaging into Bitcoin (2024 re-share)
"Stack Sats" - The best low-effort long-term strategy in crypto
TLDR:
Passive observers are those who want to invest in crypto without being active market participants, and therefore are best served by dollar cost averaging (DCA).
DCA’ing into Bitcoin means simply buying Bitcoin at a regular amount in $USD at a regular interval, eg. buying $100 of BTC every month.
DCA’ing is a superior strategy because you never risk too much, you get the best average BTC price, and will still outperform most traders in the long-run.
DCA’ing into BTC avoids the trap of round-tripping profits on other coins as BTC is the most resilient: it survives every bear-market and comes back stronger.
This week I’ve been away from home and it’s been a bit of a hectic one for me so I haven’t been able to do one of my regular posts. On weeks like this I often re-share posts from the past that feel relevant or useful.
As we see Bitcoin make it’s way up to the $100k price mark, it’s a pretty important signal to the entire space of the importance of Bitcoin and crypto as a whole.
So this week I wanted to re-share a post earlier this year of the best low-effort long-term investment strategy in crypto, namely DCA’ing into Bitcoin! DCA’ing is the best strategy for 90% of people in its ease of implementing, executing and getting long-term results.
I’ve made a video version going over this previous post too that I’ve added below, so you can either watch the video or click through below to be taken to the original post.
Enjoy!
Watch the Video version of this Post
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