Dollar cost averaging.
You probably heard about this strategy, but what does it mean in practice?
And which type of dollar cost averaging strategy is the best?
In practice it means buying Bitcoin, stocks, commodity and so on every week or month at the monday, sunday, at the start of the month or at the end, not caring about the price.
You can also choose...
This is just a simple rule I try to follow when buying long term positions. This is not any kind of short term strategy or trend following. Its just an easy rule I try to follow to avoid buying at prices that are inflated. It's kind of common sense but you would be surprised.