Monday, 16 September 2019 11:02 GMT
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India- Bitcoin Trading for beginners: Generate passive Income with the DCA Trading Technique.




(MENAFN - GetNews) Dollar-cost averaging is the strategy of spreading out your stock or fund purchases, buying at regular intervals and in roughly equal amounts. When done properly, it can have significant benefits for your portfolio.

This has been an effective method of investing in stocks over the years. Older Generation were able to generate enough wealth for their retirement age with this strategy. And in the advent of crypto assets this method can be just as effective.

Dollar-cost averaging can be especially powerful in a bear market, allowing you to 'buy the dips, or purchase stock at low points when most investors are too afraid to buy. Committing to this strategy means that you will always be investing when the coin's value is down, and that's when investors score the best deals.

This is simply the easiest way to smoothen your purchase price over time.

Dollar-cost averaging provides three key benefits that can result in better returns. It can help you:


  • Avoid mis-timing the market

  • Take emotion out of investing

  • Think longer-term

  • In other words, dollar-cost averaging saves investors from their psychological biases. Because investors swing between fear and greed, they are prone to making emotional trading decisions as the market gyrates.

    It is therefore worth it that you consider applying this same technique, if you are trying to amass a healthy cryptocurrency portfolio. However with the number of digital assets that are currently in circulation it is difficult to keep up or even predict which coin will do best in the market. If you are then able to keep your focus on a few researched cryptocurrencies, this technique will serve you just fine.

    If you are unable to effectively use this method or lack the time to dedicate to studying the markets, then there are software programs that do not require you to sit and wait for a coin to dip so you can make a purchase. Developers atCryptominer Solutionshave only recently presented a trading software that has since been received with massive applause from Traders.

    The software is anautomated trading softwarethat is added as an API extension to your Coinbase and Binance Wallets, and scans the top 10 cryptocurrency markets daily for the best signals. You are also able to track the progress of as many digital assets as possible on two of the largest cryptocurrency exchange platforms. Volatility of the crypto currency market is easily exploited by the use of this trading software and makes for a brilliant way to stack up your investment in crypto without doing much more than watch it grow.

    However, you decide to invest, it is clear now that Cryptocurrency and blockchain technology is an imminent part of our future, so it is important to save for yourself some piece of the future when it is still affordable.

    Media Contact
    Company Name: Cryptominer Solutions
    Contact Person: Support
    Email:Send Email
    Phone: +1 609-318-5189
    Country: Canada
    Website:https://cryptominersolutions.org


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    India- Bitcoin Trading for beginners: Generate passive Income with the DCA Trading Technique.

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