The Kickass Entrepreneur
  • About
  • Blog
    • All Blogs
    • Create Wealth (Investing)
    • Entrepreneur Interviews
    • Featured Top Posts
    • Growing Profits
    • Growing Revenues
    • Marketing
    • Positive State of Mind
    • Real Estate Investing
    • Retirement
    • Sales
    • Selling your Business
  • Book
  • Courses
  • Podcast
  • Resources
  • Contact
The Kickass Entrepreneur
Subscribe
The Kickass Entrepreneur
  • About
  • Blog
    • All Blogs
    • Create Wealth (Investing)
    • Entrepreneur Interviews
    • Featured Top Posts
    • Growing Profits
    • Growing Revenues
    • Marketing
    • Positive State of Mind
    • Real Estate Investing
    • Retirement
    • Sales
    • Selling your Business
  • Book
  • Courses
  • Podcast
  • Resources
  • Contact
  • All Blogs

What Is The Most Effective Investment Strategy For Crypto?

  • October 20, 2021
  • 1.4K views
  • 3 minute read
  • Rene
assorted dollar bills
Share
Tweet
Share

Investing in any kind of asset is not something you can do without research and skill. This is also true for the world of cryptocurrency, which is open to all kinds of investors.

If you are looking to make a great return on your digital investments, you must understand what you are doing. This is where investment strategies come in, and there are many out there to consider.

For cryptocurrency investing, there is one highly effective strategy that you should try if you are wanting to maximize your profits.

A Highly Effective Investment Strategy

Dollar cost averaging crypto is a great investment strategy for those who are looking to make a return on their digital assets.

This is a form of investment strategy that can make things easier for those trading cryptocurrencies because it can remove any ‘emotional’ factors, which can cause issues when trying to invest in assets.

Dollar-cost averaging (DCA) can help with investing in crypto because it removes some of the risk and guesswork that comes with trading of this kind.

With this strategy, the risk of badly timed trades is reduced as it requires investors to instead focus on the long-term value of their assets.

How Does DCA Work?

This is a popular investment strategy in the world of cryptocurrency because it can be highly effective for those who are in it for the long term.

It forces investors to see the bigger picture and focus on the long-term figures, and therefore effectively removing the emotional responses that can come with the risk of investing.

To make this strategy work, crypto investors need to invest a fixed amount of money into their chosen digital asset on a regular basis. Investments are made regularly but at set intervals, regardless of the market conditions at the time.

This helps to create a routine for investors, which in turn makes it easier to focus on the bigger picture of your efforts.

Instead of being pulled by the current market trends and conditions, long-term investors can see a great return for their efforts simply by sticking to a routine.

With this strategy, there is no guesswork or estimations as an average amount is consistently spent in the investments, which will eventually turn into a profit over time.

Can I Invest In Cryptocurrency?

Investment strategies like dollar-cost averaging are used by both novice and professional investors to make their work easier.

This means that even if you have little experience in the field of investing, in particular the world of cryptocurrencies, then these strategies can help you out majorly.

To get started in cryptocurrency investing, you first need to register to an online exchange platform that supports digital assets.

Conclusion

Regardless of your experience in this field, DCA allows for all investors to see some kind of return for their efforts over time. If you are interested in investing for a long time, then this is a great strategy to try.

____________________________________________________

Some other articles you might find of interest:

Understand how you can maximize your time to grow your business:

Time Is Money And Your Most Valuable Resource. Use it Wisely to Build Your Business

https://www.thekickassentrepreneur.com/time-is-money

Looking for effective ways to drive and increase traffic to your startup website?

SEO Traffic Guide To Boost Your Blog Rankings

https://www.thekickassentrepreneur.com/guide-to-boost-your-blog-rankings/

Looking for effective ways to drive and increase traffic to your startup website?

3 Top Reasons Why Startups Fail and How Not to Become a Victim

https://www.thekickassentrepreneur.com/3-top-reasons-why-startups-fail-and-how-not-to-become-a-victim/

Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. Three Simple Steps to Build Massive Wealth with your Business's Profits. Please check your email to confirm the book download. Form: 400529

There was an error submitting your subscription. Please try again.

Related Posts:

  • The 4 Fundamental Elements of an Effective Marketing Strategy
  • 5 Practices For An Effective Employee Compensation Strategy
  • How Do You Develop Your Investment Strategy?
  • How to Beat the Market with Warren Buffett Investment Strategy
  • Investing in a Walled Garden Crypto Platform is a Great Introduction to…
  • Should You Lend Your Crypto?
Share
Tweet
Share
Rene

Previous Article
an apple mac
  • All Blogs

How to Think Bigger Than Your Brand to Grow Your Enterprise

  • October 19, 2021
  • Rene
View Post
Next Article
business loan application form
  • All Blogs

Top Tips for a Successful First Time Business Loan Application

  • October 20, 2021
  • Rene
View Post
You May Also Like
Net worth percentile calculator canada
View Post
  • All Blogs
  • Create Wealth (Investing)
  • Financial and Investment Calculators and Economic Data

Net Worth Percentile Calculator for Canada Including 23 Wealth and Income Statistics for 2023

  • September 28, 2023
  • Jeff Wiener
crashed car
View Post
  • All Blogs

A Comprehensive Guide For HR Professionals Navigating Car Accidents In Company Vehicles

  • September 28, 2023
  • Frances
man touching a woman's shoulder
View Post
  • All Blogs

Addressing Emotional Distress from Sexual Harassment in San Diego: A Legal Perspective

  • September 20, 2023
  • Meg Rivera
writing
View Post
  • All Blogs

8 Essential Steps for Impeccable Essay Proofreading and Editing

  • September 20, 2023
  • Meg Rivera
Net Worth Percentile calculator USA
View Post
  • All Blogs
  • Create Wealth (Investing)
  • Financial and Investment Calculators and Economic Data

Net Worth Percentile Calculator for The USA Including 23 Wealth and Income Statistics – 2023 Data

  • September 19, 2023
  • Jeff Wiener
Net worth by age percentile calculator for Canada
View Post
  • All Blogs
  • Financial and Investment Calculators and Economic Data

Net Worth By Age Percentile Calculator for Canada with 2023 Data

  • September 9, 2023
  • Jeff Wiener
Income Percentile Calculator by Province for Canada
View Post
  • All Blogs
  • Financial and Investment Calculators and Economic Data

Income Percentile Calculator by Province for Canada Including 28 Income Statistics – 2023 Data

  • September 8, 2023
  • Jeff Wiener
waste disposal
View Post
  • All Blogs

Dumpster Diving: A Guide to Efficient Waste Disposal

  • September 6, 2023
  • Meg Rivera

Join 6,472 Entrepreneurs That Get My Business Building and Wealth Creation Posts by Email

I can teach you how to build a successful, profitable business, and turn that into millions in personal wealth.

Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. Three Simple Steps to Build Massive Wealth with your Business's Profits. Please check your email to confirm the book download. Form: 400529

There was an error submitting your subscription. Please try again.

We won’t send you spam. Unsubscribe at any time.

Recent Posts
  • 3 Things Entrepreneurs Can Learn from the Online Gaming Industry
    • October 2, 2023
  • content marketing AI 2
    Staying Alive in Content Marketing: How AI Paraphrasing Can Help?
    • October 2, 2023
  • graph pointing 3
    10 Proven Strategies for Scaling Your E-commerce Business
    • October 2, 2023
  • Income Percentile Calculator by Province for Canada 4
    The Cost-Effective Approach: DIY vs Hiring Movers in Canada
    • September 29, 2023
  • shakehands 5
    Want to Start a New Business? Here Are 6 Growing Industries That You May Not Have Considered
    • September 29, 2023
Featured Posts
  • Become a Decamillionaire
    How to Become a Decamillionaire, Grow your Net Worth to $10 Million, and Join the 1% Club
  • how to become wealthy
    The Entrepreneur’s Secret to How to Become Wealthy and Build a Personal Fortune
  • Most Profitable Small Businesses
    27 of the Most Profitable Small Businesses to Open in 2023
Categories
  • All Blogs (1,078)
  • Business (420)
  • Canadian Financial Products (4)
  • Create Wealth (Investing) (134)
  • Entrepreneur Interviews (27)
  • Featured Post for Main Menu (4)
  • Featured Top Posts (23)
  • Finance (115)
  • Financial and Investment Calculators and Economic Data (120)
  • Fitness (10)
  • Growing Profits (72)
  • Growing Revenues (71)
  • Growing Revenues (115)
  • Marketing (162)
  • Millionaire and Business owner interviews (3)
  • Positive State of Mind (69)
  • Real Estate Investing (17)
  • Retirement (13)
  • Reviews (13)
  • Sales (16)
  • Sell Me This Pen (8)
  • Selling your Business (13)
  • Starting a Business (1)
  • Startup Ideas (18)
  • Technology (199)
  • Top Products (4)
  • Uncategorized (62)
Follow us
Author
Jeff Wiener
Jeff sold his company to private equity in 2017 and is now semi-retired. Jeff spends time…

    CHECK OUT MY BLOG, AND SUBSCRIBE

    about
    The Kickass Entrepreneur

    Expand Your Business, Improve Profits, Create Wealth

    Expand your business, improve your profits, and create wealth. Each one of the three can be elusive goals. Follow the right steps, and you, too, can create financial independence. It is possible … you just have to take the right steps.
    NAVIGATION
    • About
    • Blog
      • All Blogs
      • Create Wealth (Investing)
      • Entrepreneur Interviews
      • Featured Top Posts
      • Growing Profits
      • Growing Revenues
      • Marketing
      • Positive State of Mind
      • Real Estate Investing
      • Retirement
      • Sales
      • Selling your Business
    • Book
    • Courses
    • Podcast
    • Resources
    • Contact
    TAGS
    apartment BATNA Business business failure business growth business sale Capitalization Rate CAP Rate cash cash flow Creating Wealth Discipline entrepreneur entrepreneurship excel extra cash Featured goal setting Growing Business investing investment real estate M&A marketing Marketing KPIs Mergers and Acquisitions | M&A | Entrepreneur Blog Millionaire millionaire next door mistakes MUR Peter Principle Profit profitability real estate retirement revenue Revenues sales sales management Semi-Retirement Blog | Entrepreneur Blog | Small Business Blog small business Stagnant stocks success Thomas Stanley wealth
    RECENT ARTICLES
    • Net worth percentile calculator canada
      Net Worth Percentile Calculator for Canada Including 23 Wealth and Income Statistics for 2023
      • September 28, 2023
      • One comment
    • Net Worth Percentile calculator USA
      Net Worth Percentile Calculator for The USA Including 23 Wealth and Income Statistics – 2023 Data
      • September 19, 2023
      • One comment
    • horse jockey
      Top 5 Most Successful Horse Racing Jockeys Ever
      • September 8, 2023
    • man and papers
      Active vs. Passive Investing: Which Is Right for You?
      • August 8, 2023
    • seoul
      How Seoul Internships Shape Your Professional Journey
      • July 24, 2023
    • casino
      Empower Yourself With These 5 Lifelong Skills For Success In Casino Business
      • June 23, 2023
    The Kickass Entrepreneur
    • Coaching
    • Book
    • Blog
    • Contact
    • Privacy Policy
    • Terms
    • Disclaimer
    • Facebook
    • LinkedIn

    Input your search keywords and press Enter.