Abstract: Don’t simply ask when the best time to enter the market is. If you look at the long-term value of crypto asseets, now is the best time to enter. Therefore, choosing the best and most helpful coin/ management tool is key for maximizing investment strategy.
With the arrival of ‘spring’, the ‘long frozen’ circle seems to have re-energized. The first half of March 2019 showed that daily turnover exceeded USD $10bn, with market activity indicating a clear and obvious rebound.
This should come as no surprise to seasoned investors. Since the birth of in 2008, the industry has become increasingly recognized by traditional investors — evolving from a mere few lines of code into a vast, global financial phenomenon, with market capitalization peaking at nearly USD$1tn during the 2017 boom.
In 2017–2018, there were many“black swans”phenomenons, however, crypto newbies could hardly catch the “moment” to enter/exit the market at the right time. The most efficient and conservative strategy for crypto newbies is Dollar Cost Averaging (DCA) which is similar compare to traditional financial investment strategy.
Let us provide an example: if one were to invest $1,000 USD per month from January 2016 into an automatic investment fund, by March 2019, the 42 months of investment at $42,000 would have bought approximately 32.5 Bitcoins, at an average cost for each at $1,292.
Even through the 2017 boom and its later crash in 2018, the cost of $1,292 for a is a lot below the current value of approximately $4,000. Moving this investment timeline forward, to the even lower values from 2014 or 2015, would show a truly exponential revenue increase.
The value of Dollar Cost Averaging(DCA) is an investment strategy with the goal of reducing the impact of volatility on large purchases of financial assets, and the volatile market is no exception.
Luckily, the operations behind DCA investment is relatively simple. All that is required is to take out a fixed amount of money every month from whichever funding stream one chooses, which then buys, for instance, . The pros of this? No short-term analysis and no continuous logical reassessment; ‘no muss, no fuss’. However, it is important to bear in mind that humans are greedy by nature. If one watches the market rise and fall, it takes some effort to overcome the greed and fear of human nature, and choose not to catch up with the rise and fall. It took true nerves of steel, when reached a high of USD$20,000, to dare to continue to invest, to not admit to losing the battle, and to not leave when it waterfalls.
While some crypto-newbies are bullish on the long-term value of , they always seem to want to choose the “best entry point”, with many watching on as they witnessed the 2017 plunge.
However, it turns out that the choice of when one begins to invest has little impact on the final result. Don’t ask when the best time to enter is — if you look at the long-term value of crypto asset, the best time to enter is always NOW.
Warren , the king of security investment, is very much in favor of the “Dollar Cost Averaging investment” strategy, and his famous “snowball” theory is anything to go by:
“Life is like rolling a snowball. The most important thing is to find snow wet enough and slopes long enough. At first, the snowball is small, but as it keeps rolling, and as long as snow keeps sticking to it, it will end up getting bigger and bigger.”
In our case, wet snow is a metaphor for a high annual return, a long slope a metaphor for a long time to add value to compound return. believes that the longer the investment, the greater the impact of compound return. And the most important factor in leverage is time, so for long-term bullish assets, investment will always favor the early adopters.
A proper coin-holding tool is an important helper for your Dollar Cost Averaging (DCA) investment.
Because of the special properties of crypto assets, owning a private key means that you are in control of your assets. Whether it’s ten bucks or a billion, all it will ever be is a string of dozens of bytes of private key. Choosing a safe and reliable way to digital assets is an important tool for DCA investment.
Most long-term investors will choose to place their assets in a cold and, in effect, there is a more appropriate form to do this safely: crypto assets value-added service.
Of course, many existing products on the market make dazzling claims that they can help to your assets, but, inevitably, there are many problems. And from them we can draw a few conclusions. Firstly, products introduced by a big exchange are relatively safe, but the return is low. Secondly, while some smaller exchanges offer attractive returns, but are usually unstable and insecure. And thirdly, BHEX’s recently launched crypto assets value-added service — Bitmore Bonus — is a good option. The attributes that back up the validity of this claim are threefold:
1. A stable return of 5% per annum is ensured.
2. No lock-up of assets. Depositing and withdrawing assets is possible at any time, with a speedy turnaround from a Day 1 application to immediate return gains on Day 2 (T+0 Deposit, T+1 Return Computation, T+2 Return Credited).
3. Significant asset security is ensured, so that users have nothing to worry about.
Platform security should be the most important consideration for users when choosing such service as this. This consists of two key security areas: platform qualification; and the use of assets collected.
In BHEX’s “Bitmore Bonus” service, crypto assets deposited in the system will be a source of fund for the platform, leveraged for and lending products, which will in turn provide leverage and lending services to qualified reputable businesses and — all with complete transparency in the use of funds deposited by its users.
The annual return of such services are within a reasonable range of 5–10%. Of course, these higher returns are accompanied by high risk, as well as the knowledge that the investment relies on users to not be greedy for high returns, and to trust in the platform’s choice of products at the price of DCA.
The BHEX “Bitmore Bonus” service currently supports , ETH, and USDT, three of the mainstream crypto assets — and, in the future, it will gradually introduce more crypto-related services.
Published at Mon, 01 Apr 2019 04:05:53 +0000