Best crypto investment strategy to counter FOMO - fear of missing out

in #bitcoin7 years ago

The fear of missing out is very real in Crypto currency and it can add up over time.
The best strategy against it is a systematic investment plan for crypto. This is also known as Dollar Cost Averaging

According to Wikipedia,
Systematic Investment Plan (SIP) is an investment vehicle offered by funds to investors, allowing them to invest small amounts periodically instead of lump sums. The frequency of investment is usually weekly, monthly or quarterly.

In SIP(Systematic Investment Plans), a fixed amount of money is debited by the investors in bank accounts periodically and invested in a specified fund. The investor is allocated a number of units according to the current Net asset value. Every time a sum is invested, more units are added to the investors account

The strategy claims to free the investors from speculating in volatile markets by Dollar cost averaging. As the investor is getting more units when the price is low and less units when the price is high, in the long run, the average cost per unit is supposed to be lower.

Goto your favorite exchange and start buying at regular intervals.

I trade on Coinbase .
The Coinbase referral link gives you an extra $10 of bitcoin when you make your first purchase of $100 or more.

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