Some Coins I am Investing regularly through DCA
I believe that a bear market is a good time to invest regularly and that too with a high amount if possible but if not then we surely need to follow discipline to ensure that investment is ongoing. The same situation is going on and most of the coins are in the dip so its the time when DCA must be on and I am doing the same with some of the coins. I recently started using auto invest in Binance and this is such an easy-to-use feature everything happens automatically and I just need to ensure the fund's availibility.
Below are the coins that I am investing on and I am trying to accumulate as much as I can. Although my major crypto holding is in the hive but its also important to keep the portfolio diversified and I follow this.
- Bitcoin
- Ethereum
- Matic
- BNB
- Polkadot
Bitcoin
Bitcoin is all time it coin and the more we can hold is always better and its the biggest coin as per the price and even by the market cap. I don't see any coin replacing bitcoin in the next decade and this is why I am trying to increase my bitcoin holding. First I invest in Bitcoin through DCA and then I move it to save to earn an apr which is like a bonus earning and this is better than bank FD offered here in my country.
Ethereum
Ethereum is the second coin as per the market cap and there are so many projects built on the ethereum blockchain with ethereum 2.0 things have grown a lot. I have seen ether price at 100$ and even almost $5k however now its again back to the 1k price range. Eth 2.0 has got a huge amount of ethereum coins locked and I see this as a solid project and this is why I have chosen the coin for my DCA investment.
Matic
This is not an old project but it has got very muhc attention and grown a lot in the last 2 years. Its a blockchain that is capable of running ethereum dapps and that too keeps the transaction cost low. Polygon network is doing good and I expect that this will grow nicely in the coming years and I recently stated my investment in MATIC coin and that too after the launch of polycub.
BNB
Binance is a leading and one of the biggest exchnage in the world. I missed the earlier opportunity to buy BNB when it was 10$ and now I am trying to bag more so that in the future I should be able to bag some profits. Binance smart chain is such a great innovation and if this grows further then BNB price will also grow and this is the reason for my investment in binance coin.
Polkadot
Polkadot is called ethereum killer as this project was founded by an ethereum co-founder but I am not sure whether this will be possible or not. I have seen this coin reaching $50 and now its price is around $7 so I am buying it for the long term and expecting that this will grow back when the market recovers.
So these are some of the coins I am investing in regukalry and trying to increase my stake. DCA is surely the best way to invest and that too without any manual intervention and I like using it. I am a holder and not a trader because I believe we can earn better returns through holding as I have seen in the past.
Thanks for reading
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Thanks
Greetings buddy!
I see you have an investment plan, and actually you are investing smartly as you chose coins with best projects currently in my opinion. Yet, from your experience, is there an investment method someone can use, or it's based on what you believe and how the project going? Also, do you recommend investing over trading or the opposite?
Thanks for sharing!
Thanks for sharing.
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