How can recurring purchases be used as a strategy for long-term cryptocurrency investment?

3 answers

• Dec 26, 2021 · 3 years ago
  One way to use recurring purchases as a strategy for long-term cryptocurrency investment is to set up automated monthly purchases of a specific cryptocurrency. By consistently buying a small amount of cryptocurrency each month, you can take advantage of dollar-cost averaging, which helps to mitigate the impact of short-term price fluctuations. This approach allows you to accumulate a larger amount of cryptocurrency over time without the need to time the market.
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• Dec 26, 2021 · 3 years ago
  Another approach is to diversify your recurring purchases across multiple cryptocurrencies. This can help spread the risk and potentially increase your chances of benefiting from the growth of different cryptocurrencies. However, it's important to conduct thorough research and choose cryptocurrencies with strong fundamentals and long-term potential.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we recommend using recurring purchases as a strategy for long-term cryptocurrency investment. By setting up recurring purchases on our platform, you can automate your investments and take advantage of our competitive fees. With a wide range of cryptocurrencies available, you can easily diversify your portfolio and build your long-term investment strategy.
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