Welcome back my fellow readers,
it's your GreenPanda here.
Do you ever asked to yourself "Why am I investing in Cryptocurrencies?", "What is my real goal?", "Am I here only for money?". Answers are different for each of us. Obviously. But in order to have a successful plan, we need to be ALL ON THE SAME LINE. What does it means ?
IT MEANS HAVE THE SAME WINNING STRATEGY.
Our goal is accumulating constantly as much wealth as we can. The more we accumulate, the more we will have in the future.
The most important thing is to NOT LOOK AT OUR FUNDS IN $, but LOOK AT THEM IN BTC. As we do with gold, one of the most valued material in the world, the same should be for our crypto funds. Accumulate them on a regular basis, trying to fill bags by bags looking for THE LONG TERM. TRY TO REACH THE 1 BTC GOAL. Bitcoin is the father of Cryptocurrencies, is here for increasing its value over time, for being more and more requested also by the the big financial systems. IS HERE FOR MAKE THE IRREVERSIBLE CHANGE ON THE OLD FIAT SYSTEM. Everybody, in some way, will be forced to adopt him because is a revolution of how money works and how people can interact sending money to each other.
WHILE I'M WRITING BTC IS ABOVE 71K $, ATH IS HERE.
Be CONSISTENT, my friends. Take advantage of Dollar Cost Averaging (DCA), an investment strategy used to reduce the impact of volatility on large purchases of financial assets such as stocks or cryptocurrencies. How it works ?
Instead of investing a huge sum in one go, you divide the total amount to be invested into equal portions, over time, at regular intervals. This means that you will end up buying more units of the asset when prices are low and fewer when prices are high. This can potentially lower the average cost per unit of the investment over time. This is strategy is really good in volatile markets, as it avoids making the mistake of 'timing the market' (like trying to predict market highs and lows). It’s a disciplined approach that emphasizes long-term investing and can be less stressful for investors, because instead of trying to win the market (and also because we cannot copy it without ETF's in the cryptocurrency market), we use the volatility for make an average between our purchases and trying to, for each purchase, make some gains on a constantly basis and accumulate them.
BE CURIOUS, ADVENTURERS. The treasure is in our path, it's all about CONSISTENCY. AND REMEMBER TO ALWAYS DYOR.
Stay tuned my fellow readers. Follow me for embrace wealth.
It's your GreenPanda here, have a nice day.
