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DCA what you can afford and do not get discouraged!

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by COINS NEWS 119 Views

DCA what you can afford and do not get discouraged!

A little while ago I made a post saying in order to get rich in crypto you need to start rich. While there is still truth to that, there is a big difference between getting filthy rich like we dream of (not really realistic) and making some good money that could better your life (very possible)

All the time in this sub you were see the term DCA or dollar cost average. In simple terms that just means invest what you can afford to in projects you believe in. If you bought high, continue to buy to bring that cost down. If the price is low and you believe it will increase then perfect, keep loading up while its cheap.

If DCA'ing to you means 5, 10, 20 bucks a week or even a month then perfect, that is awesome! You are actively investing in your future financial situation which is fantastic! Don't get discouraged when you see people posting or commenting about dropping hundreds or thousands of dollars on something. I mean good for them but that isnt you.

Just remember to make an investment decision that is right for you and don't worry about how much other people can afford to invest. Focus on you!

Best of luck everyone.

submitted by /u/liveaskings
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