Mindblown: a blog about philosophy.
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Advanced DCA strategies
Though cost averaging is intended to be simple, there are more advanced strategies you can use, once you become more comfortable with the process. These focus on adjusting the amount of your regular investment dependent on market conditions. As already mentioned above, cost averaging doesn’t perform best during a rising market, but how do you…
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What are downsides to DCA?
Doesn’t eliminate risk – Though DCA is a good strategy to mitigate volatility in buying cryptocurrency, it doesn’t remove risk. You can employ DCA and lose money because prices aren’t guaranteed to keep going up. The DCA examples provided are for Bitcoin, which has a longer history and clearer value proposition that most other cryptos. Using…
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Summarising the Benefits of DCA
Reduced risk of buying the top – One of the big benefits of DCA is it removes the pressure and uncertainty of when to invest a lump sum, and the fear of buying at the top of the market. Crypto has proven to be a great long term investment, but is extremely volatile, so a DCA…
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Stacking Sats – The Concept of Cost Averaging
Cost averaging, also known as dollar cost averaging, or DCA for short, is a way to gain exposure to crypto that mitigates the risk of buying at the top of the market, by making regular, small and consistent investments over time, Imagine you intend to invest $1,000 of BTC, but are uncomfortable about when to…
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What it means to ‘hodl’ and ‘cost average’
Passive Ownership is quite a mouthful, luckily the Bitcoin community has adopted a simpler and much more relevant equivalent – hodling. It has become one of Bitcoin’s defining memes. You can read the story of hodl in the Learn Crypto blog and how it became the crypto community’s defining meme. Hardcore hodlers wear this title as a…
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Stacking Sats: DCA and hodling
Cryptocurrency is a new type of internet money and a popular form of investment. Its qualities as a store of value often see it compared to gold, with the obvious difference that it is entirely digital. We’ve dedicated an entire article to explaining how a cryptocurrency like Bitcoin can have no physical properties, yet work as…
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What you’ll learn
What you’ll learn Why crypto prices are volatile What it means to ‘hodl’ How to cost average when buying cryptocurrency Advanced cost averaging strategies
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What to be aware of when crypto job seeking
Crypto is a rapidly evolving industry in which projects can come and go, and use cases can emerge and then wither away surprisingly fast. Initially, you’re probably not going to find a job for life within the cryptoconomy; rather, expect to secure work on an ad hoc basis, in keeping with an industry that is…
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How to find a crypto job
If you’ve got a skill set that’s in demand within the cryptoconomy, your next task is to search for a suitable job and apply for the position. A good place to start is by checking out the listings on crypto-friendly freelancing sites such as CryptoJobsList, Crypto.jobs, or Blocklancer.net. Other sites that are frequented by crypto employers and freelancers…
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Earning Cryptocurrency As Your Primary Income
If you are looking for something more meaningful than Microstasking or Freelancing, you can find work on a Contract or Full-time basis from employers who are happy to pay you in crypto. By the way, it’s not just companies operating within the cryptosphere that pay in crypto necessarily; businesses that don’t interact directly with blockchain…
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