Dollar-cost averaging--making continuous small investments periodically in an asset to reduce price risk (effectively obtaining an "average" cost of the asset over the time period)--requires discipline. It can very hard to maintain that discipline during a dip. Buying-the-Dip is another time-tested strategy, but the two strategies often seem to suggest conflicting behavior.
It's hard to time the dip, leading many investors to try to catch falling knives, or more often use all of their fiat too early in the dip and then have to watch low prices and opportunities for exponential growth pass them by (I say this from personal experience...).
Centralized Finance (CEFI) and Decentralized Finance (DEFI) provide a convenient way to continue DCA'ing into the dip, even after you've prematurely blown your load... I mean, invested too much, too early!
CEFI refers to a series of fintech companies that pay interest on crypto deposits, like a "crypto bank." There are clearly risks involved--such as default, hacking, or outright theft--but the rates of return can be very attractive, and there's a reason Warren Buffett once called compound interest the 8th wonder of the world!
Celsius and Nexo are two great CEFI firms offering high interest rates and free withdrawals. (Note: beyond the interest, this feature makes them great places to store Ethereum, avoiding exorbitant gas fees and maintaining flexibility.)
Sign-Up Bonuses
They're both currently offering sign-up bonuses paid in BTC, letting you boost your interest rate and benefit from compounding immediately. It's a particularly good idea to take advantage of these offers during a dip! $50 in BTC now could soon turn into $100 (and more with compounding!). If any of you haven't signed up yet, please consider using my links below so we can both profit:
Join Celsius Network using my referral code 142928a808 when signing up and earn $50 in BTC with your first transfer of $400 or more! #UnbankYourself
https://celsiusnetwork.app.link/142928a808
Join Nexo and get $10 in BTC! With Nexo you can earn up to 12% APR on crypto and fiat, borrow and exchange cryptocurrencies and much more. Sign up here: https://nexo.io/ref/buu2fi46dt?src=android-link
Promo Codes
Celsius is also currently offering several great promo codes for new and existing users, which can be stacked and combined with the initial sign-up bonus (allowing a user to earn close to $1,000!). There are currently codes for BNB, ADA, and Stable Coins. Users can receive $40 for a $400 deposit in either or both of BNB and ADA, as well as up to $660 through three stable code promos (starting at just a $50 deposit.)
Order of Promo Codes
Note: the order you enter the promo codes is important and codes have to be entered before deposits and completed individually! If anybody has any questions, please post them to the comments before you make a deposit and I will try my best to verify the answer for you.
TL;DR
Receiving periodic interest payments from CEFI platforms is a great way to continually dollar-cost average and continue to buy the dip even after your discipline has worn out (and obviously grow your stack in a bull market!). Taking advantage of the sign-up and promo codes on CEFI platforms (as well as brokerages) makes even more sense (especially during a dip) and is a great way to start reaping the exponential rewards of compound interest! So sign up and take advantage of those promo codes! It's like picking up free money in the street!
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Referral Codes:
Crypto Exchanges and CEFI:
Celsius ($50 in BTC): https://celsiusnetwork.app.link/142928a808
Gemini ($10 in BTC):. https://gemini.com/share/dy4wm5ahl
Nexo ($10 in BTC): https://nexo.io/ref/buu2fi46dt?src=android-link
Kucoin: https://www.kucoin.com/ucenter/signup?rcode=rJPPMD3
Free Crypto:
Odysee (Free Crypto for Watching Youtube-like Videos): https://odysee.com/$/invite/@brothernumsee:8
Torum: https://www.torum.com/signup?referral_code=brothernumsee
Womplay (Free Crypto for Games): https://womplay.io?ref=TU94U42
Presearch (Free Crypto for Web Searches): https://presearch.org/signup?rid=2448640
Publish0x: https://www.publish0x.com?a=LDdwmRlXa1
Other Sites:
Bing Rewards: https://account.microsoft.com/rewards/rafwelcome?rh=39E446D7&ref=7510
Fetch Rewards: https://fetchrewards.onelink.me/vvv3/referraltext?code=NUGXK
