✴️ BITCOIN: WHY DOLLAR COST AVERAGING WORKS! CHECK OUT THE NUMBERS!

in charlesfuchs •  last month  (edited)

bitcoin-dollar-cost-average-cryptocurrency-crypto-bitcoin-charles-fuchs-stackin-steem-btc.png

Hey STACKERS!

The question I always get about Bitcoin... "When is the best time to buy or even sell"? 🤷‍♂️

Bitcoin has been currently on a parabolic run in the past few weeks and all the HODLERS are excited. I'v been seeing lots of "FOMO Talk" on social media during this time. 🙋‍♂️

There are many people who waited to buy Bitcoin and most of them are currently feeling regret. 🤦

This happens all the time in the crypto markets. When Bitcoin goes up, more "average joes" will start buying at the top.

In my eyes, no trader or fundelmentimst will ever "pick" exactly the bottoms and tops of Bitcoin. Eventually 95% all traders tend to lose and if good news comes out, it's probably already priced in.

So what is the best way to buy Bitcoin? Dollar Cost Averaging is the answer. I found a pretty good Bitcoin (DCA) calculator online.

For example: If you put in $20 a week into Bitcoin since the beginning of the year (2019)... you will be up a Whopping 70% Already.

Check out the numbers here: 📸

Screen Shot 2019-05-12 at 5.50.55 PM.jpg

If you want to do your own calculation, here is the website.

Dollar Cost Averaging is really the smartest way to get into the crypto game. You actually leave all the "emotions" at the door while stackin' up your favorite crypto.

What about Steem? Well, it's also a good strategy also!

One doesn't need that much money to get started. Buying 100 Steem a week (current cost is around $30) is the key for becoming successful on Steem while obtaining more influence on the platform.

By doing this, one can easily become a "Dolphin" within a year which everyone should be able to do.

If you can't get $30 a week (at least) to invest in Steem, you have more serious issues to worry than investing in crypto. Get your Fiat (fake) Money right first before investing in anything!

Was that pretty harsh? Not really, it just the truth. Just Sayin'

So what are your thoughts? Are you buying Crypto? If so, what is currently your best strategy?

Keep On STACKIN! 💞

~ Charles Fuchs

For those who's interested in following my "Content" and "Daily" Posts... you can just follow me @stackin to get my updates.

Are you using the Partiko Mobile App? It's one of the fastest ways to post content on the Steem Blockchain. Download the Partiko App now and get 1000 Points!

You Can Follow Me Here:

➡️ Facebook: https://facebook.com/CharlesFuchs

➡️ Twitter: https://twitter.com/CharlesFuchs

➡️ Instagram: https://www.instagram.com/Stackin.co

➡️ Steem: https://steemit.com/@Stackin

➡️ UpTrennd: https://www.uptrennd.com/signup/MTczMg

charles-fuchs-stackin.jpg

charles-fuchs-stackin-10x-lifestyle-steem-steemit-sbd-partiko-busy-social-media-hustle-freedom-goals-success-entrepreneur-investor-business-owner-wealth-marketer-money-success-cryptocurrency-crypto-bitcoin-eos-whale-boss-popular-leader-infl.png

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  
  ·  last month (edited)

DCA is one way to do it. There is also The Bitcoin Rake

https://bitcointalk.org/index.php?topic=345065.0

btw: there seems to be an issue with your calculator link

·

Opps, I had a typo! Thanks for the heads up! The link works now :)

·
·

Keep on with your good stuff!

Thanks for the words of advice. That's how I'm buying my steem! 😁

·

True Boss Mode :)

Been hitting it weekly all last year and this year so far never missing one. Not to late to get started a major rally is coming!

·

It definitely appears that way.

·

I want a correction haha 😬

Posted using Partiko iOS

·
·

It's really stalled out I am expecting a drop tomorrow

Posted using Partiko Android

That is what I have been doing with Steem ever since $3.90 and have gotten my average cost down to $0.75!

Posted using Partiko iOS

·

I’m lovin these low steem prices 🤣... get more in the cheap cheap! 😬

Posted using Partiko iOS

I think I have Spent too Much Money on These DAMN Steemmonsters and my Girl Friend is Pissed Off at Me because of it.......@stackin

·

Haha!! Tell her it’s an investment 😬

Posted using Partiko iOS

DCA is a good strategy.

·

I have to agree with you on that one 😀

Posted using Partiko iOS

This is good advice. Simply buying on a regular basis leads to gains, as you acquire more coin when prices are low and you won't wind up buying too much at the top. Thanks for that.

·

Written like a true investor 💪🏼🙌🏼💯

Posted using Partiko iOS

Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!

·

🙌🏼

Posted using Partiko iOS

Yeah, that's what we do with stocks and now with cryptos. Makes sense. More so with Steem. 😊

Posted using Partiko Android

·

Boom! 😎

Posted using Partiko iOS

Hi do you know the correlation between steempower and rewards for author and curation? I have not understood until today

I've been told to DCA for years and regret not doing it every time lmao

·

Boom! Ballin’ 😀

Posted using Partiko iOS

time to grab steem all the way slowly and slowly

·

Better grab them before it’s too late 😀

Posted using Partiko iOS

·
·
  ·  last month (edited)

its too late to buy now :( bitcoin on the epic rise

Hi, @stackin!

You just got a 0.26% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.

Congratulations @stackin! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You got more than 11000 replies. Your next target is to reach 11500 replies.
You published a post every day of the week

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @steemitboard:

New japanese speaking community Steem Meetup badge
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Hi @stackin!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.537 which ranks you at #157 across all Steem accounts.
Your rank has improved 1 places in the last three days (old rank 158).

In our last Algorithmic Curation Round, consisting of 181 contributions, your post is ranked at #1. Congratulations!

Evaluation of your UA score:
  • You've built up a nice network.
  • The readers appreciate your great work!
  • Great user engagement! You rock!

Feel free to join our @steem-ua Discord server