 | With Bitcoin rocketing, it's hard to not get FOMO. And yet, we all know that buying at an all-time high is (historically) a terrible strategy. So how do we approach this? The secret is grid trading and dollar cost averaging. These strategies are AMAZING for getting invested in a crypto while greatly reducing your risk. For example, with Bitcoin, if you bought at the last all-time high, here's how much money you would've made from Oct 9th 2021 to May 19, 2024. In contrast, if you did a VERY SIMPLE grid trading strategy, here's what your gains would've looked like. The rules for this strategy are extremely simple:
Again, while this demonstration shows Bitcoin, the lessons apply to all cryptocurrency. For a detailed guide on how all of this works, check out this article. Curious to get y'alls feedback. [link] [comments] |
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