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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Dollar Cost Average: Even Bitcoin Investors Using This Strategy May Soon Be At A Loss

Tony "The Bull" Severino
Tony "The Bull" Severino
5 years ago
3 mins read
bitcoin crypto dollar cost average

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There are a number of sound investment strategies a crypto investor may choose to gain exposure to Bitcoin and other cryptocurrencies, depending on important factors such as risk appetite or income level.

Those who jump into Bitcoin investing without a plan can result in significant losses. However, one of even the slowest, and safest methods of accumulating Bitcoin could soon leave investors at a loss if the first-ever cryptocurrency’s price falls any further.

Even Dollar Cost Averaging Bitcoin in 2019 Could Lead to Losses

For anyone considering investing in Bitcoin and other cryptocurrencies, among the first pieces of advice often given to those interested in entering the space, is to never invest more than you can comfortably afford to lose.

Related Reading | Legendary Bitcoin Short Seller Says To Watch For Base To Form Before Buying

The advice is given for a number of reasons, including the fact that cryptocurrencies are like catnip for cybercriminals, or more commonly, the volatility associated with cryptocurrencies could result in a complete loss of one’s initial investment.

Those that bought into Bitcoin without an investment strategy at the height of the crypto hype bubble were stuck FOMOing into $20,000 BTC and have been holding the asset at a loss for nearly two years at this point if they haven’t already sold at a loss.

Oftentimes, for newer investors who don’t have experience with market cycles, technical analysis, or fundamental factors, should consider a more patient approach to investing called “dollar-cost averaging.”

The practice of dollar-cost averaging consists of making a set, regular investment in an asset at regularly scheduled intervals. This way, as the asset’s price rises and falls through natural market movements, the investor is always steadily buying the asset, and the actual buy-in price at that time becomes less relevant, and only factors into the average buy-in cost.

However, even crypto investors who have invested one dollar daily into Bitcoin over the last year may soon be at a loss if the first-ever cryptocurrency drops further in value.

At this rate,

People who DCA'ed into $BTC daily for the past year will be in loss soon. pic.twitter.com/8KvshcBt3x

— MS📈 (@singhsoro) November 25, 2019

Dating back one year ago, investors would be buying up Bitcoin at lower than current prices, making their initial average buy-in price somewhere between $3,000 and $6,000. But after the April 2019 rally, Bitcoin price broke up above $6,000 and reached prices as high as $14,000.

Related Reading | Crypto Market Fear Index Suggests Bitcoin Price Has Further To Fall

The crypto asset traded much of the second half of the year above $10,000 causing the daily buy-in average price to rise over time. And now that Bitcoin is falling back down towards $6,000, anyone who dollar cost averaged into the crypto asset could soon be left with a loss – even despite using what most consider to be the safest and most effective investment strategy possible.

Featured image from Shutterstock
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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Read more

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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