A simple strategy to save and earn almost 400%

There is a secret in crypto that is not so secret. This is called dollar cost averaging (DCA).

According to Forbes.com, dollar cost averaging is a strategy to manage price risk when you’re buying investments, like crypto, stocks, or mutual funds. Instead of investing in a particular asset one time with a single purchase at one price with dollar cost averaging, you divide up the amount of money you’d like to invest and buy small quantities of the asset over time at regular intervals like daily, monthly, or weekly. This decreases the risk that you might pay too much for an investment before market prices drop.

In simple terms, dollar cost averaging provides a way to ensure that you are buying at the lowest price without having to time the market to buy when the prices or low or high.

There is a calculator available on dcabtc.com that breaks down how this can look like for you and it looks like this:

This picture illustrates that buying $10 of Bitcoin every week for 3 years starting 3 years ago would have turned $1,570 into $7,500 giving you a +378% return.

The easiest to use and lowest transaction fee I’ve found for buying Bitcoin using the DCA approach is SwanBitcoin.com. Choosing a shorter time interval between purchases (i.e. daily vs. weekly or weekly vs. monthly) ensures that you are paying the least for your Bitcoin.