Guide – Best Way to Buy Any Coin (Better than DCA)
Hey Investors,
I am sure most of you guys are really new to Crypto world and might be using techniques like DCA to create your own portfolio for future/long term investments. Guess what? For you guys, I want to share a really great technique on When to Purchase any Coin.
NOTE: This is a guide comparing DCA to my technique. Please read carefully if you are really looking for maximum profits out of your investments.
Let's begin.
I am Joe, I have $400 to invest. Someone on Internet told me to start with DCA and I am doing real good until one day, u/ImThour showed up with his technique on how to buy any coin at right time. Here is a quick difference of Average Cost of Buying via DCA and His Technique.
Average Cost via DCA (Bought $100 worth of BTC Every Monday): $34174.25
- Day 1 (5th July, 2021): BTC Bought @ $35274
- Day 2 (12th July, 2021): BTC Bought @ $34264
- Day 3 (19th July, 2021): BTC Bought @ $31780
- Day 4 (26th July, 2021): BTC Bought @ $35379
Average Cost via His Technique (Bought $100 worth of BTC each Time): $32545.5
- Day 1 (5th July, 2021): BTC Bought @ $33590
- Day 2 (8th July, 2021): BTC Bought @ $32659
- Day 3 (13th July, 2021): BTC Bought @ $33095
- Day 4 (20th July, 2021): BTC Bought @ $30838
Damn, That's a difference of almost $1628.75 in Average Cost of Buying.
What's the technique? It's really simple.
- Go to https://www.tradingview.com/chart/
- Select your Coin you want to buy
- Set Chart Timings to 4 Hours
- Click on Indicators and add Stoch RSI
- Only Buy when Stoch RSI crosses each other below 20.
- That's it, you have bought at the perfect time.
Thanks for reading till this sentence. Not sure if someone posted this before or it's an exclusive to this subreddit. I have never seen someone suggesting this before and surely, it's an easy way to invest in most of the coins in the market.
submitted by /u/ImThour
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