When You Should Dollar Cost Average into Bitcoin



Dollar Cost Averaging into Bitcoin / Altcoins has been a common piece of advice in the comment sections. Today we’ll talk about whether or not you should …

43 Comments

  1. Nice video, As usual, a smart person should have a very keen eye on the bitcoin right now as every pullback should be seen as another fresh chance to buy some more and also to increase that substantially by trading as the market dynamics right now if tapped in by an expert could make life (or almost life) changing difference. A perfect guide as I have come to see from experience Mr James Carlson with whose daily signals I have been able to grow a portfolio as little as 0.7BTC to almost 6 BTC in just 2 weeks. James is a trader others should strive to be like because I am sure as much as he has been resourceful for me, he has been for other traders as well. For inquiries, James can be reached For a professional tutoring kindly reach him on WhatsApp (+447476717980) and Telegram (jamesC51)

  2. What? Where did you get that definition from, just curious. From what I know, If I get paid 5k per month and I invest 1k a month in crypto, that is still DCA.

  3. hi help me understand why to trade x btc and not USD ? i do both but 70% USD just coz, BTC can go down 50% or more, and then m stuck with my money wouldnt i ? so i think diversify both is good , but you know better than me, i would like your feedback

  4. this was a very good video tbh. if i had watched this 2 days ago i would of made profits on syscoin but my buy order was just a few satoshis off entry…. i could have used dollar cost average in this instance. thumbs up for this video.

  5. omg Bitcoin is such a Ponzi scheme and a scam. Before you dislike or criticize, here me out: The original creator, Satoshi Nakamoto, does not actually exist. No government or person can verify the existence of such a person readily admitting that they invented Bitcoin. Is it really that viable given we don't even know who the creator is? For all we know the creator is going to pull the plug on this whole system by selling their 1 million bitcoins, flooding the market and collapsing prices. Any of you who own it if you hang on to bitcoin for too long the price will go to zero at some point in time. So get out before that happens.

  6. Hello! Really good content, im thinking about investing a small sum into cryptocurrencies. Which mobile app would you recommend for monitoring the crypto currency market data? Also, which browser apps would you recommend to monitor all the different crypto currencies?

  7. I'd love to invest 14k into bitcoin but I'm hesitant due to the fact that my Coinbase purchase of 200 litecoins has been pending for the last 6days.

    Anyway love your videos Crypto Investor I'm a sub now.

  8. @Crypto Investor Can you please do a commentary on the upcoming BTC futures on CME and what if any impact you think this will have on not only BTC but the crytos in general, many thx

  9. You clearly do your homework on a lot of what you say in your videos, but your understanding of dollar cost averaging is inaccurate.

    Dollar cost averaging is an investment strategy where you choose to invest a certain amount or certain percentage of income per month or even per year, and you invest that regardless of the prices or conditions of the market you are dollar cost averaging in. The opposite of dollar cost averaging would be to time the market, you invest only when you think it is a good TIME to invest, betting on your ability to time the market.

    The benefits of it are:
    1. To get into the market. Cause being in the market is far more profitable than staying out of it.

    2. Not only do you get in, but you buy less when it gets expensive and you buy more when it gets cheap, which increases overall profitability and helps you do what most investors know they should be doing but don't do anyway due to emotions.

    For anyone interested in learning in more detail about this, you can find it in Benjamin Graham's book "The Intelligent Investor". Which is a great book to read for any investor.

  10. You are wrong. If I deposit 100 per week into bitcoin as my paychecks come in. That is dollar cost averaging. The alternative would be to wait 10 weeks until my 100 equals 1000, to deposit a lump sum. The act of depositing a set amount weekly or daily or etc… regardless of price is by it's very definition, dollar cost averaging

  11. I'd say the only disadvantage is dollar cost averaging will under perform lump sum investing (regardless of investment vehicle) because you put more money to work up front. Studies have been done using an index fund, and the nice thing is the performance margin is not by a whole lot.

  12. I still dont see any difference in dollar cost averaging when you have a lump sum or you do it when you get weekly income. Isnt it the same thing, you are still putting in small amounts on a schedule until you reach the position you want to take, which is what dollar cost averaging is?

  13. $100 a week into an asset is STILL dollar cost averaging because you are investing at different times, at different prices. It still smooths the volatility over the term you put money into the market. At least that's what they taught me when I got my Broker/Dealer Licenses.

  14. I have 6K after selling all my shitcoins, have my limit in for 3 orders. 0.32 @6400, 0.2 @6000, and 0.49 @5500. @6400 0.32 is filled 😁😁😉😉

  15. Hey crypto, if bitcoin crashed how do you expect all other cryptoassets to behave? It's conceivable that as bitcoin gains more media exposure and adoption it grows disproportionaly to other crypto's. When it crashes it would bring down other cryptoassets with it. The correlation combined with extreme growth seems somewhat worrying.

    PS: Nearly finished Cryptoassets, nice book however it feels like too much time is spent analysing past performance and too little exploring future prospects.

  16. you will lose if you keep checking bitcoin or any coin for that matter on a daily basis . Set it and forget it or else the swings can drive you up a wall and you end up making bad decisions out of panic

  17. I agree. Most people should stick to dollar cost averaging, especially (as you said) to keep emotions low. What I'm curious about is something seems off with the BTC mempool.. seems clogged? Nothing to worry about or do you think the minors are mad about B2X? Bitcoin Cash to take over until fixed?

  18. what about the fact that bitcoin staff want to replace bitcoin with bitcoin cash
    also South korea is pumping so much money to make bitcoin cash happen.
    and it is happening , is it possible that this is the end of bitcoin?.

  19. @ Crypto Investor and y'all  
     
    I like this channel. I've been watching it for a couple of weeks. Crypto Investor is obviously someone who understands finance and markets, economy maybe. His subscriptions have doubled since I've started watching. Very good. (i would have betted on that)

     A few comments that may be of little interest:
    This channel preaches to the coir. Mostly young people who are gambling, sorry, investing, very little money. Like Japanese in the jungle they are all true believers and shall remain such. Now I hear Crypto talking about investing 10K. That is advice to who has at least 200K "traditionally" invested. Or to who can lose 10K with out being too much upset. Not exactly what I believe the demographic of this channel is.
     Crypto basically speaks of sentiment, greed and fear. He's warned you that,  to "invest" in Cryptocurrencies, you would need to have the calm and peace of mind of a Buddha, or be totally reckless. That is what I have understood at least. I think he's being very honest
    .
    Keep in mind that I'm old 55 and European. So very old fashioned, conservative, and very ignorant of web technology. 
    I am watching this channel because I believe that Bitcoin and Crypto currencies are the modern day equivalent of the Dutch Tulip Mania of the 16th century. That does not mean you can't make money on it, but a crash is obviously imminent (six months at most?). It's now a Pyramid scheme.
    The fun is that, given the extreme volatility of Bitcoin, I can watch all this "fast forward". It is the very essence of a speculative bubble! Fun to watch. Like a train crash were nobody gets killed.: as I've said, I don't see big portfolios in this game. Bitcoin has only about 100 billions invested. Other Cryptocurrencies less than 100 million USD :)))
    I don't even know how to call it. Forex on steroids?
    Moral of the story, if anyone has bothered to read this excessively long post is:

     First, Bitcoin, in my opinion, will never be a currency. Something one buys stuff with. Like the Dutch bought tulip bulbs not to plant them and sell the flower :)) It's a speculation and a high risk one. The highest Beta Coefficient i've ever seen in my life!
    Second, 3 days ago I've got on a reputable trading platform and "trained", gambled with 50k USD, NOT real money!
    I've "bough" 25k $ of Cryptocurrencies. I.e. I've bought a portfolio following the "rules" of diversifying, and kept "dry powder". As of this very moment Saturday 02:00 A.M.  in Europe, Friday 8 o' clock Friday E.T. in the US I am under $30,00. After being up as far as $2k and down 500$. Buying 25,000,00 USD of Cryptocurrency and theoretically depositing fake $50.000,00 capital
    .
    My theoretical portfolio has 35% in Bitcoin and the rest evenly spread out in Etherum, Ripple, Monero, Litecoin and NEO. (apart from the first two I have no idea what the others are).
    Actually, the reason I am not losing is because the last four I've mentioned did quite well initially and Monero and NEO are doing well (whatever they are).
    So I did a very high risk "investment" to gain zero in 3 days (3 years in a conventional portfolio). Going up and down wildly.
     I posted one other time saying that all this is the definition of a bubble. A nice person quipped that I was sore that I didn't get on the Bitcoin train. Well, if I had got on that train,  had I bought at the beginning at $30 I would have sold at 300 USD max! so I wouldn't have made much money considering I would have never dreamed to buy more than $6.000 worth. And as a joke. So I would have made less than 54.000 USD IF I had bough at the beginning. Not that much, but fun yes, and exciting. And it would have shown a preoccupying tendency on my part to gamble. And that's it.
     Therefore, I am convinced that this Bitcoin/Altcoin Fad is a fad. A game at best for someone who likes to check his PC/Smartphone 10X more than his FB account. Or someone who, down to his last few $ hopes to make a come back.
     My question is: why don't go to Vegas. Why don't play high stakes poker? Bet on horses? Buy art: worst case scenario you'll have a worthless painting that is decorative and you like hanging on your wall. I mean dear Crypto Investor, this is fun! But one can't pretend it's serious? Really!
     My bet is that is going to be over very soon. But the technology behind it is very interesting and potentially very valuable.
     For you Crypto Investors and true believers. One question: how much is a Bitcoin worth?  ($ one can use to trade Brent etc.) Bitcoin? Can't even become a collector's item :)))
    Thanks and best of luck to you all. Good Job Crypto 😉

  20. I tried to use your affiliate link to purchase Cryptoassets but the link is for the hardcover version which is temporarily out of stock. I purchased the Kindle version, I hope you get credit for it

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