Dr. Jeff on Nostr: FWIW... My general recommendation for all who are new to buying #bitcoin is to dollar ...
FWIW...
My general recommendation for all who are new to buying #bitcoin is to dollar cost average for a minimum period of ten years, regardless of price.
Don't sell during this time period, unless you are forced to do so.
Having a similar mindset to traditional retirement investing (versus day trading) is quite helpful.
After ten years, reassess the original plan and your options.
Bitcoin has a way of speeding your journey to financial independence!
My general recommendation for all who are new to buying #bitcoin is to dollar cost average for a minimum period of ten years, regardless of price.
Don't sell during this time period, unless you are forced to do so.
Having a similar mindset to traditional retirement investing (versus day trading) is quite helpful.
After ten years, reassess the original plan and your options.
Bitcoin has a way of speeding your journey to financial independence!