The Bitcoin Plan
Divide your budget by 7 and invest that once, then double it, then double it again at predetermined levels. My levels are: $20,0000, $15,500, $12,000.
Example:
Budget = $7,000
/7 = $1,000
At $20,000 invest = $1,000
At $15,500 invest = $1,000 x 2 = $2,000
At $12,000 invest = $2,000 x 2 = $4,000
Total invested = $7,000
Average price = ((20000+15500)/2+12000)/2 = $14,875
If Bitcoin reaches all the way down to $12,000 and then goes up to $148,750 this simple $7,000 investment strategy will yield $63,000 profit.
A stop loss at $11,000 will help prevent further loss. This would mean a $1,823 loss in the example above but could also mean more attractive prices to buy at such as $5,000-8,000.
Stay safe, don't play with more than you can risk losing.
Example:
Budget = $7,000
/7 = $1,000
At $20,000 invest = $1,000
At $15,500 invest = $1,000 x 2 = $2,000
At $12,000 invest = $2,000 x 2 = $4,000
Total invested = $7,000
Average price = ((20000+15500)/2+12000)/2 = $14,875
If Bitcoin reaches all the way down to $12,000 and then goes up to $148,750 this simple $7,000 investment strategy will yield $63,000 profit.
A stop loss at $11,000 will help prevent further loss. This would mean a $1,823 loss in the example above but could also mean more attractive prices to buy at such as $5,000-8,000.
Stay safe, don't play with more than you can risk losing.
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