Hi Carlos
Bear market is perhaps the best time to make the right decisions, to stay ahead of your competition., Like it or not, Scared money makes no money.
So, if you have been thinking to invest in crypto-market, the time right now is the best time to get started. Rather than investing in one go, you should follow a strategy called DCA.
DCA (Dollar-cost averaging) is an investment strategy that adds discipline to your journey as an investor. In my 8 years of investing journey, DCA strategy has helped me the most to stay sane, ride out market downturns, and reduce risks. Especially if you find yourself FOMO-ing frequently or buying crypto at the top, DCA is one strategy that you should follow.
Here is a simple example of DCA:
Suppose, you wish to buy Bitcoin worth $10000. Instead of investing $10000 to buy BTC at once, you decide to buy worth $500 every day at 10 A.M. for the next 20 days. Irrespective of the price of Bitcoin, you execute this strategy of buying every day at a defined time.
Since the idea here is to accumulate for the long term, instead of giving into FOMO, you basically added discipline to your accumulation.
How to execute DCA?
The best way to execute DCA is by using a DCA bot. These days, a few exchanges like Binance, Pionex offers DCA bot strategy.
Read this guide to learn everything about these DCA bots.
And like always, if you have a question related to DCA strategy, feel free to reply to this email.
Carlos I will see you in the next email.
Regards
Mr. Creatonics of CoinSutra
Note: The content of this email is for educational and informational purposes only. Do not consider this as an investment advice. Kindly do your own research before investing in crypto market.
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