Shaf
Verified member
Cryptocurrency is one of the riskiest investment strategies out there, but it's been one that is getting more attention from individuals, critics and supporters and even government especially after the massive profits that some people made in the last bull run.
If you are interested in putting the your money here, you should do your research properly, and dollar cost averaging is a strategy that has been proven to bre a good way to buy cryptocurrency for maximum returns.
What you do is that you have to buy a coin with a specific and fixed amount of money at regular intervals without regards to how low or high the price is at that moment. Most people do this over 12 months. This is a long term investment strategy, hence you need to pick a coin that can withstand the test of time and one you have a lot of confidence in. You also need to have a strategy for taking profits so you can make the best out of this strategy.
If you are interested in putting the your money here, you should do your research properly, and dollar cost averaging is a strategy that has been proven to bre a good way to buy cryptocurrency for maximum returns.
What you do is that you have to buy a coin with a specific and fixed amount of money at regular intervals without regards to how low or high the price is at that moment. Most people do this over 12 months. This is a long term investment strategy, hence you need to pick a coin that can withstand the test of time and one you have a lot of confidence in. You also need to have a strategy for taking profits so you can make the best out of this strategy.