Here Are Results of One of Most Popular Bitcoin Investment Strategies

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

DCAing $BTC was more profitable than you think, if you haven't started doing it from the last ATH

, it is possible to cover almost 100% of own losses after each correction cycle by purchasing at the local top. But in order to do that, an investor would need certain knowledge about the market's structure and technical analysis. The simpler version of the strategy is to buy an asset on certain dates.

As we have mentioned, a popular way to expose yourself to a certain asset is to purchase it on a certain date. Smaller retail investors sometimes prefer purchasing BTC every Monday throughout the year.For example, the average price through 2016-2019 would be at $1,494 for the average investor. If someone entered the market relatively late, in 2020, their average entry would be at $18,373, which puts investors at a profit at the current BTC price.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Monthly Forex Seasonality – September 2022: US Dollar Stronger; Gold & Stocks WeakerThe ninth month of the year typically sees a strong performance by the US Dollar. The Euro and the Japanese Yen tend to underperform the rest of the majors in September. September has been a weak month for both gold prices and US stocks.
Source: DailyFX - 🏆 305. / 63 Read more »