Dollar Cost Averaging

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You are getting ready to make your first Bitcoin purchase. You see the price but have no idea if it is a good time to get in or not. This is where Dollar Cost Averaging can help.

Dollar Cost Averaging is buying a certain dollar amount on a schedule, no matter the price. This will allow you to make that initial purchase virtually worry free. Then you wait a determined amount of time and buy more. You don’t have to worry about the price you just buy.

An example is to buy $20 of Bitcoin every Wednesday, no matter the price. It takes a lot of the stress out of investing.

This can be done for any investment, not just crypto, and not just Bitcoin.

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