Crypto Cost Averaging (CCA)
Has anyone ever coined the term crypto cost averaging yet? Well, I'd like to be the first.
If you are not familiar with cost averaging, it's a simple investing technique in which you can nullify your loss in the long term. It's as simple as adding or buying shares regularly at whatever cost, may it be high or low.
With regards to the cryptocurrencies, the market varies widely similar to all other markets. It can go up, it can go down. There are coins in this market that are stable. If you look at it for the long term, you'll be able to see the upward trend of the price. So, in the long run, if you keep buying the same coin the dips are averaged out and you'll see the gain. Thus nullifying your loss.
I want to call it Crypto Cost Averaging.
What do you think?
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