Is there a certain formula I can use to DCA into bitcoin?
I am trying to have a good method and strategy to invest into bitcoin, it goes something like this I set a buy limit of bitcoin price of x, to where I will invest 100% or y, of my designated weekly allocation towards bitcoin crypto. If bitcoin drops 2% for example, I will increase my investment to 110% for example. And if it goes up 2% I will drop it to 90%. Now this is all hypothetical but I was wondering if there is an already established formula or strategy like this out where I can use it to more effectively invest in rather than relying on strictly guessing. submitted by /u/Big-Cry9898 [link] [comments]
I am trying to have a good method and strategy to invest into bitcoin, it goes something like this
I set a buy limit of bitcoin price of x, to where I will invest 100% or y, of my designated weekly allocation towards bitcoin crypto. If bitcoin drops 2% for example, I will increase my investment to 110% for example. And if it goes up 2% I will drop it to 90%.
Now this is all hypothetical but I was wondering if there is an already established formula or strategy like this out where I can use it to more effectively invest in rather than relying on strictly guessing.
[link] [comments]
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