RE: Dash saves Venezuela from Collapse? (video/podcast)

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Dash saves Venezuela from Collapse? (video/podcast)

in cryptocurrency •  4 months ago

I bought some more when it was around $150, but it's still looking attractive at $168 today. As always, nobody can say for certain which way the prices are going, so if you want to buy in and don't have a good reason not to, you can start today.

Dollar cost averaging is an easy strategy. Decide an amount that you want to purchase each week, like $10 or $100 - or 10 Steem, and buy on the same time every week. That way, when the price fluctuates, you don't have to think about it too much. If the price goes up, you're buying less and if it goes down, you're buying more.

I do expect that the crypto market will continue to go down for a month or a few months, with Bitcoin getting under $5000 - which might mean that Dash gets below $140. But again, nobody knows the future.

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So if i was to chuck 100 Steem into dash, would now be a good time, or wait ?


It depends what you mean by "a good time". I can't tell you if it's going to go up or down compared to the dollar or Steem. That's why dollar cost averaging is so useful. If you want to buy 100 Steem worth, you can try buying 10 Steem worth for the next 10 weeks, and you won't need to worry so much about what the price is at any one point.