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: 📸
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
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