Home Crypto Exchanges Binance worth a Look Considering the Dollar Cost Averaging From Academy on The Currency Analytics

Binance worth a Look Considering the Dollar Cost Averaging From Academy on The Currency Analytics

binance dollar cost averaging

The Binance Academy has recently explained Dollar-Cost Averaging.  Considering the fact that active trading is stressful, time-consuming, and yields poor results, Binance Academy took time to help investors understand about how there are other options out there.

Most of the investors are looking for investment strategies, which are less demanding and less time-consuming. They prefer passive investment.  The Binance Ecosystem claims that they have several choices for investment, which include staking, lending assets in Binance Savings, joining the Binance Mining Pool, and more of it.

The purpose of the Binance Academy publishing the Dollar Cost Averaging is that they have considered the investment strategy, which focuses on reducing the impact of volatility when purchasing the assets.

Binance Academy on the Dollar Cost Averaging (DCA) call it an easy way to keep away from the risks of entering a position.  The idea of dollar-cost averaging is to buy equal amounts of the assets at regular intervals.  When an asset is paid in a lump sum, it will be subject to volatility.  When buying equal amounts of the asset in periodic intervals, it averages out the price volatility.

Binance clarifies the DCA concept tweeting and CZ further retweeted:  “Imagine you bought just $10 worth of #Bitcoin every week for the last 5 years. Cost as of April 2020 – $2,600 USD Total value as of April 2020 – $20,000 USD (Approx) Your profit? A cool $17,400 $USD or so. Not too bad, right?”

Binance and Dollar Cost Averaging

While the Dollar Cost Averaging sounds good, some investors feel like it is  only partial truth and that the averaging out will be different between the early adopter stage and a mature market.  Some feel no matter what, investors can be assured that the result might not be zero or nothing.

Binance Tweeted:  “Home to 1.3 billion people, India has a fast-growing crypto & blockchain industry. Binance recognizes the huge demand for crypto, and has made it easier than ever to buy Bitcoin and other cryptocurrencies using Indian rupees $INR.”

Passive income, however, does not happen easily or way too early.  And, for those who have been following the Bitcoin Pizza Day for some time, they need to know that the Bitcoin Pizza Day Promotion has now concluded.

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Sydney Ifergan

Sydney has 20+ years commercial experience and has spent the last 10 years working in the online marketing arena and was the CMO for a large FX brokerage.

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