{"id":385099,"date":"2019-06-05T20:00:20","date_gmt":"2019-06-05T20:00:20","guid":{"rendered":"https:\/\/uniquehot.com\/?p=385099"},"modified":"2019-06-05T16:08:48","modified_gmt":"2019-06-05T16:08:48","slug":"buy-bitcoin-crypto-investors","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/buy-bitcoin-crypto-investors\/","title":{"rendered":"Buy Bitcoin: Why Dollar Cost Averaging Is the Crypto Investor\u2019s Best Bet"},"content":{"rendered":"

Investing isn\u2019t as easy as it seems on the surface, especially when in comes to a highly volatile, high-risk, emerging asset like Bitcoin<\/a> and other crypto assets. Much research and due diligence is required by the investor to ensure their investments are fundamentally sound, and their price charts display positive technical setups before taking a chance to buy Bitcoin.<\/span><\/p>\n

Learning to trade, or time the market by buying high and selling low, is often a zero sum game for any inexperienced investors, crypto markets or otherwise. Instead, price action in Bitcoin price<\/a> charts over the last year shows that simply setting up a recurring buy and dollar-cost averaging into cryptocurrencies is by far a less risky strategy for most novice crypto investors looking to buy Bitcoin for the first time.<\/span><\/p>\n

Crypto Investors Should Consider DCA Investment Strategy To Buy Bitcoin<\/span><\/h2>\n
Volume profiles of the Bitcoin bear market \u201c bottom<\/a>\u201d shows that crypto investors eyeballing the lowest prices the crypto asset saw in over a year were hesitant to pull the trigger<\/a>, missing the best possible buying opportunity.<\/span><\/p>\n
Related Reading | <\/strong>Bitcoin Price Targets at Bottom Show That Crypto Markets Are Unpredictable<\/strong><\/a><\/em><\/p>\n
But buying at the bottom is extremely difficult, takes strong hands, nerves of steel, and years of experience in contrarian market trading. Equally as difficult is properly spotting a top. In hindsight, it\u2019s easier, as the irrational exuberance can be cut with a knife, but it\u2019s always harder to sell on the way up than it is on the way down.<\/span><\/p>\n
Crypto investors \u2013 or any market trader \u2013 aim to buy these bottoms and sell tops to maximize profitability and return on investment. But even the most experienced traders could be forced to watch in dismay as the market moves in the opposite direction of their setup.<\/span><\/p>\n
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If you dollar cost averaged into $BTC<\/a> every single day for the last year your average buy-in would be $5500 right now.<\/p>\n
If you're bullish on something fundamentally sniping the bottom really isn't necessary. pic.twitter.com\/8XSsB4ipF4<\/a><\/p>\n
— DonAlt (@CryptoDonAlt) June 5, 2019<\/a><\/p><\/blockquote>\n