In this video, I go over how I've been dollar cost averaging into the crypto markets as they dip.
By watching the markets for weeks at a time, we can easily see days when the particular crypto you want to invest in is down, and by comparing that to the average price over the last few weeks, we can make informed decisions on when to buy.
Sure you can dollar cost average (DCA) in every Friday for example, but I love the idea of realizing that each time I "buy" BTC or another asset, I'm really making a trade for my USD. It benefits me to get the best profit on that trade.
As I look back at my portfolio, I'm in profit across the board because I only invest when the asset is down. I don't use any TA (technical analysis), other than comparing the current prices with their average over the last few weeks.
I hope this gives you some good ideas, and if you have any for me, drop them in the comments!
Much love!
Bryan
