Dollar Cost Averaging with Crypto

This month, the cryptocurrency market continues to be stuck in a narrow up and down pattern with no real direction.  The cryptocurrencies drop, then go up and seem like they may break out, only to drop back down.

I’ve still got a profit in my crypto portfolio, and my approach during these kinds of times is to continue to dollar cost average into the cryptocurrencies of my choice.  Dollar cost averaging simple means that you put in an equal amount of money into something at regular intervals to combat the declines and increases in prices.  That way, your purchase costs “average out” over the longer run.  People use dollar cost averaging in the stock market all the time and I think it’s an equally good strategy for cryptocurrency.

Of course, everyone has to determine their own investment strategy and my intent here is not to give investment advice, but to just let you know what I do and what some of your options could be in the crypto market.

Here are the cryptocurrencies that I’m continuing to invest in.  Again, this is not investment advice, and I’m not recommending you buy anything.  But here is what I’m buying:

  • Bitcoin – BTC
  • Binance Coin – BNB
  • Bitcoin Cash – BCH
  • Litecoin – LTC
  • Ethereum – ETH
  • Cardano – ADA
  • Stellar Lumens – XLM

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