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Author: Admin | 2025-04-28
Averaging (DCA). With DCA, you invest a fixed amount of money into cryptocurrency at regular intervals, regardless of the price. Over time, this approach can help reduce the impact of price fluctuations and lower the average cost per coin.For example, if you decide to invest $100 every month in Bitcoin for 12 months, you might buy Bitcoin at different prices, but your average cost per coin will smooth out over time.Long-Term Holding (HODLing)Many crypto investors adopt a “HODL” strategy, which stands for “hold on for dear life.” This involves buying and holding a cryptocurrency for the long term, ignoring short-term market fluctuations. The idea is that, over time, the value of the coin will increase, and you’ll make a profit when you eventually sell.ConclusionCryptocurrency can seem daunting at first, but with the right knowledge and tools, anyone can dive into the world of crypto. By understanding how cryptocurrencies work, the different types available, and how to safely buy and store them, you can make informed decisions about whether crypto is right for you. Like any investment, it comes with risks, but with careful planning and consideration, it can be a valuable addition to your financial portfolio.
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