read.cash Log in
@rezoanulvibesOnNoiseApp

2# DCA is a good strategy that you can follow to make an investment. You select an asset and keep buying over a period of time. You don't pay attention to the price, you think about the long-term potential and usually hold your asset for the long term. Dollar Cost Averaging (DCA) is not some sort of magic that will save you from losing money in crypto. If you decided to do DCA in LUNA and kept buying while LUNA's price was crashing, you can realize how much money you would lose. DCA is definitely a good strategy, but what asset you choose to buy is one of the most important things. If you don't pay attention to this, you may get rekt at any time. Have you ever thought FTX would end up like this? FTX appeared to be the strong and most trusted crypto exchange. . Crypto influencers, news media, and investors talk about FTX and you think FTX must be good.

No comments yet

Log in to join in Reading is open to everyone. Replying needs an account.