Dollar cost averaging BTC - Daily or Weekly #2
Photo by Ewan Kennedy on Unsplash
If you have been following from last week you know I was starting a 12 week(subject to longer) comparison if buying daily vs buying weekly was a better idea when it came to buying BTC or Crypto.
This past week has been an up and down week for the price for the crypto market so let's see if that has helped on the daily buys.
Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase.
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I know some people might think what's the point in buying in daily with only $2 but the thing about Shakepay is they allow me to e-transfer funds and set up a recurring buy with only about 1 cent in fees for a $2 buy. ( This is Canadian only) This is much better than the 99 cents Coinbase charges for every transaction.
You are able to find the rest of the post on Peakd a front end for the hive blockchain
- All prices are in Canadian dollars.
