The Armor Against Crypto Volatility

Author: Elle Miller

If you’ve been investing or even watching any news on crypto, you can gather just how volatile the market can be. From 20k to 60k then to 40k, Bitcoin had a lot of varying prices in the past year. News flash! It’s normal!

Source: https://www.fidelitydigitalassets.com/articles/understanding-bitcoin-volatility 

If you look at it on a macro level, despite the dips and highs, it is still growing significantly year on year.

Source: https://www.statista.com/chart/24966/bitcoin-ups-and-downs/

This rise and fall can either scare you or empower you in your investment strategies. YOU DECIDE.

Sadly, some new investors make their worst mistakes because of this fear. They “Buy High and Sell Low.” Instead of looking into the fundamentals of the technology or their investment. Instead of having conviction. Instead of using their head, their investment is led by their heart. So, some new investors buy what’s popular and if they see a pullback, they get scared. That’s when you can lose a significant amount of money.

But what if you shift your time horizon to long-term? Instead of a buy-all when you get interested in a coin and pray it goes up, there is one strategy that can help you make the most of your fiat dollar. It’s called “Dollar-Cost Averaging”. 

According to investapedia.com, “Dollar-cost averaging is a simple technique that entails investing a fixed amount of money in the same fund or stock at regular intervals over a long period of time”. 

In this way, you get to use the dips to your advantage. Instead of seeing it as losing your money, you see it as a discount on your next investment. Over time, the average price you’re buying a token can get cheaper. 

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