Not all Bitcoin enthusiasts have sufficient time to maximize their profits by trading. Indeed you can use the professional traders services. However, it can be expensive. Well, the tricky solution is to save Bitcoin regularly. Thus, we gonna talk about the best bitcoin saving strategy.
The term saving in this case is to use the Dollar Cost Averaging (DCA) investment strategy. This method is also common in gold assets or leading stocks.
DCA Strategy is The Right Bitcoin Saving Strategy
DCA in the context of Bitcoin is to buy these assets regularly with the same nominal rupiah, for example in a range every week or every month.
For example, you might consider setting aside $ 1 per week on Mondays to buy Bitcoin. Take the same steps for several months, until you get the desired profit, then sell it.
Or in a monthly period, buy Bitcoin worth IDR 1 million rupiah at the beginning of the month every time you get a salary from the office.
Indeed, the DCA strategy requires patience and discipline, and “really doesn’t care” about the very volatile price hikes of Bitcoin.
So, when this month you bought Bitcoin it was much more expensive than the previous month, keep making those scheduled purchases.
The DCA method is believed to be effective in maintaining your profit position from existing fluctuations, because the amount of capital that you enter continues to be of the same value, along with the better Bitcoin fundamental growth.