If you follow khaleelkazi's Tiktok page, you would notice that he is actively dishing out crypto content daily. He teaches everything crypto. It's quite interesting on Tiktok these days as there are many content creators.
One of his repetitive topics is Dollar cost averaging!. He has done a lot of videos on this topic.
LeoGlossary defines DCA as An investment strategy of buying a fixed amount of a certain asset at regular intervals. This is done regardless of price.
I learned about dollar-cost averaging the hard way after losing a lot In the crypto market. If I could define DCA, I would regard it as a discipline method to avoid huge losses.
One, because I saw it on Tiktok, and two because I don't want people to lose money during this period. I know it feels like Bitcoin is heading to $40k despite the FED raising rates. Technical analysis from top crypto experts and Crypto-twitter shows that we are set for a Bull run. Let's be realistic, is the pump going to be sustainable? Are we going to witness a pump and dump scenario?
Since it's at a tricky period and things can go either way, it's best to invest little by little. Another important thing is to note that this isn't the time for selecting random coins and projects. It is best to stick to $Hive and Bitcoin. Hive because your little by little investment would never be a waste. Over time, Hive has proved itself.
There have been some spikes in the Hive price recently. A top Hive Analyst predicts a breakout soon.
The truth is even if the prediction doesn't come through, Hive is always going to perform in hard times.
"If you want to invest in crypto, BUY BITCOIN!"... This is going to be the best bet at the end of the day. If you keep buying Bitcoin little by little, even if there's a dump, you will always be alive later to tell the recovery story.
I won't say the market would crash again because I hope it doesn't. All I would say is, that anyone who wishes to take advantage of these prices should buy little by little, Dont go all in, it's never safe!
