DCA Journey #1
Bitcoin Data Newsletter Premium
Hello Everyone!
Welcome to the first-ever post of DCA Journey.
These will be quick updates released to premium subscribers every Thursday.
Here I will be creating and following an account that uses the DCA tools in our newsletter in practicality.
Many of you were not able to buy at the cycle bottom as I did, and I want to show how my tools apply even to current times.
I will be buying Bitcoin, Ethereum, and Altcoins.
Here’s how it will work:
Every Thursday, I will have $100 available to invest in crypto. The portfolio breakdown will be like this:
30% Bitcoin (30 dollars set aside to buy Bitcoin)
30% Ethereum (30 dollars set aside to buy Ethereum)
40% Altcoins (40 dollars set aside to buy Altcoins)
I will then abide strictly by the DCA tools I have created so you can follow and track the progress.
I will choose which altcoins I buy based on our Altcoin analysis’, good charts, and availability. I will only be buying what coins are available through Coinbase. All coins will be stored in a Coinbase wallet. (no special relationship to them just enjoy their user interface and platform.)
This is a common choice for many new users and does come with higher fees so it will make a good example.
In these updates, I will show you how my portfolio is performing, tell you the actions I am taking based on the DCA tools, and show you how much money is set aside according to how the DCA tools are run.
Percentages will be rounded to the nearest dollar. All purchases will not include fees, which will reflect on account value.
Spreads will also be present, which is the discrepancy between the current price and purchase price. This will affect the price bought at.
Not financial advice, do your own research, etc. but this should show you how things work in practicality.