Adam Traidman: Suggests Dollar Cost Averaging for BTC Investors
According to livebitcoinnews, Adam Traidman, CEO and co-founder of the crypto BRD wallet, recently said that timing the market is pointless hype. Instead, he focuses more on dollar cost averaging, and believes this has proven more beneficial in recent years. The process of dollar cost averaging is relatively simple, he said. People regularly invest a certain amount in whatever asset they see fit. In this case, it’s bitcoin. Instead of buying a large amount at once, you invest a little at a time in a specific time pattern. For one person, that might be ten dollars a week. On the other hand, it could be $50 every two weeks. People need to find the right pattern that they feel comfortable with.