Crypto currencies is one of the last chances for the common person to generate great wealth. If we miss this window of opportunity, perhaps we may never see such a chance ever again in our lifetime.
One of the best strategies for purchasing Crypto currencies that I have found is using Dollar cost averaging. What I consistently do, is purchase crypto currencies every 10 days. I do this religiously every 10 days, despite what the prices are doing. Yes, I buy every 10 days even if prices are going up. Being disciplined to purchase consistently will build your crypto portfolio over time. It is amazing how much you can build your wealth every 6 months.
By using dollar cost averaging, you remove the stress of watching the daily volatility that exists in crypto's. By now, all of us should know that crypto currencies and the blockchain are here to stay. There is no question that for many years, we will see crypto's gain in value. In these early days of crypto investing, all of us look like financial geniuses because almost all coins are gaining in value. With this being the case, do not worry about what the pricing is when you buy on a scheduled basis. Time and accumulation is on our side.
Much like the turtle versus the rabbit fairy tale, the turtle wins the race because of his steady endurance and persistence.
We need to be like the turtle. If we consistently buy crypo's on a regular schedule, we will build tremendous wealth over time (for example over 3 to 5 years). This strategy works whether you invest $50.00 every 10 days or $500.00. The formula for success is a steady stream of purchases and holding your crypto's.
Do not try to chase the current "hot" crypto of the week. Every week their will be the "hot" crypto that has the news spotlight. Stick to your favorite crypto's and build your portfolio. Do not worry if you only got a 100% gain when other coins got perhaps a 150% gain. All gains are winners. Some of the least gains in the crypto currency market are still many times better than any other global stock market gains available today.
By being an early participator now in crypto's, even the smallest regular investments will give you great wealth over the next 5 to 8 years. Be patient. For example, three years will go by very quick and just add up what you have gained financially in those three years. We will be amazed as to how much we have made. I think in terms of 6 month increments. I review my portfolio every 6 months and it is simple amazing. I have been averaging 365% gains (BTC, LTC, ETH, ZCash and others). I am fully confident that by February 2018, I will have had another 365% gain from my portfolio's value of today.
Excellent advice resteemed
Hey, thank you. I am glad you replied! I would not have stood a chance if it were not for crypto's
I UP Voted you Jet just because I like your STYLE...............Dollar Cost Averaging is a terrific way to invest.
Thank you very much. You are one of my best crypto buddies. I see you all of the time on the same YouTube channels I watch.
Buy and hold has made many Crypto Investors wealthy.... wish I kept my original bitcoins, I got them when they were still fresh and the only thing you could buy was socks made from Alpacas I believe.... anyhow good luck to all! Be free and happy and well off.
Agreed. Thanks for your reply
yes, we are positioned very nicely at the right time.
I agree. I would not stand a chance if it were not for crypto's
I believe this is the best advice to anyone.
You need to get started and do your research.
Thanks for your reply!
I have been saying the same thing to people. Just find coins you believe in and hold on to them for like a year. Keep buying when you can. Great advice!
Thank you. There is no way we can loose if we do this. I am 100% positive we will be fine financially very soon
You are right on it. Liked your style. Upvoted. Cheers!
Thank you. I am glad you replied. I really believe that this is the only hope I have of gaining some sort of financial freedom
Thanks for the article. I'm very new to crypto currencies. Do you have any other articles that are newbie friendly? Cheers!
Yes. I write everyday regarding crypto's. Just look at my past posts and pick as many articles as you would like to read. Here is one from 2 weeks ago. https://steemit.com/bitcoin/@jetblake/don-t-be-dumb-and-dumber-buy-bitcoin