Dollar Cost Average Your Way to Wealth
Dollar cost averaging (DCA) is a proven way to accumulate wealth without having to guess market moves.
This is particularly true for bitcoin which has a bias to the upside (yes, it has crashed 70% or more at times, but each time rebounded and burst through to new all-time highs).
The chart below shows what happens if you invest $100 a month in bitcoin over four years.
You invest the same amount every month (or week) without paying any attention to price. The chart below shows you would have turned an investment of $3,700 into $7,480 – a more than doubling in your invested amount.
Source: dcabtc.com
You do this whether the price is rising or falling.
You can improve on this by adding some technical analysis (charting techniques) but DCA in its simplest form is an excellent way for beginners to get involved.
Doubling your money every four years is not too shabby. You don’t need an investment manager charging fees. All you need is an account with 80Eight.
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