I'm going to be buying $1 Tesla stock $1 Bitcoin Everyday. Please join me for this experiment in Dollar Cost Averaging Bitcoin & Tesla. This is the 1st video in this series, and I will update the investment progress regularly.
What is Dollar-Cost Averaging (DCA)?
Dollar-cost averaging (DCA) is an investment strategy where an investor divides up the total amount to be invested across periodic purchases of the stock or asset that they covet, in an effort to reduce the impact of volatility on the overall purchase. The purchases occur regardless of the asset's price and at regular intervals; in effect, this strategy removes much of the detailed work of attempting to time the market in order to make purchases of equities at the best prices. Dollar-cost averaging is also known as the constant dollar plan.
For Tesla shareholders, the only change is that the number of stocks owned multiplies by five, but the price of the shares owned is divided by five. Shares of Tesla Inc. shot up into split-adjusted record territory Monday, as the lower price did not change the trajectory of the parabolic uptrend.
We will look at the average price over the term and how much more or less I would have earned buying all my Bitcoin and Tesla stock at one time.
Also giveaway some FREE Ether!!
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