![]() Short-term storage, smaller amounts of BTC Many BTC investors prefer to move their Bitcoin to a self-custody wallet. A crypto wallet can either be “cold” or “hot.” Your account on an exchange would be considered a hot wallet, although, in this case, the exchange provides custody of your Bitcoin. In the same way you keep your cash or credit cards in a physical wallet, you can store Bitcoin in a crypto wallet. Dollar-cost averaging can be an effective strategy to reduce the effects of price volatility while removing the emotion and guesswork from investing. ![]() It also prevents you from having all of your position at the lows when Bitcoin surges again. This prevents having your entire position at nearly $70,000, the Bitcoin all-time high, only to watch it fall down into the teens. Remember, you’re investing a fixed amount on a fixed schedule.
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