“Time in the market” beats “timinig the market”. Anyone who isn’t exactly a rare species profitable Day traders should make their investments long-term – especially when it comes to the notoriously volatile crypto market. Because in the course of its journey to the moon, Bitcoin has repeatedly had to accept severe setbacks of up to 90 percent. Anyone who sells the property and never gets back in has probably made the worst investment decision of their life. But there is a workaround. Setting up a so-called savings plan is becoming increasingly popular with long-term hodlers.
This means putting the portfolio on autopilot and converting a predetermined amount into digital gold via standing order at regular intervals – such as every week or every month.
The Bitcoin portfolio on autopilot
This has two main advantages. In this way, the investor psychologically decouples herself from the turmoil of the market and can sit back and relax in extreme situations. Secondly, over time you build up a veritable digital asset cushion that grows automatically without you having to really dig into your pocket.
The principle is called dollar-cost averaging (DCA) and is not a Bitcoin-specific investment strategy, but is particularly suitable due to the drastic fluctuation range of the still young asset. In Bitcoin circles, “Stacking Sats” is considered the only viable strategy. Because: As a limited asset, it is less important When you get in as how many Sats were allowed to withdraw from the market in the long term. In other words, DCA is a digital “land grab”.
You’ve come to the right place with these savings plan providers
The DCA strategy can be implemented technically with ease. In addition to dedicated savings plan apps such as Relai, Pocket Bitcoin and 21 Bitcoin, investors can also set up savings plans on many conventional BTC brokers and exchanges. These include Bison and Bitpanda.
In addition to the providers mentioned, BTC-ECHO compared other well-known exchanges and brokers. Together with the user-based reviews, every investor can make a qualified decision about the right service provider.
Disclaimer: All content presented on the website is for informational purposes only and does not constitute buying or selling recommendations.
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