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Travis Teo
23 Aug 2020
Head of Business Development at Tokenize Xchange
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Alson Chia
23 Aug 2020
Accountancy at Nanyang Technological University
Generally BTC or crypto are highly volatile invesment class. I would recommend you to DCA (Dollar Cost Avg) in or at least look at the chart and apply some sort of TA (Technical Analysis) to get in at a value area and start building your position there.
There are alot of analysis out there which shows a bullish scenario for investing in BTC for example:
You can scroll through the many analysis, most prominent will be the S2F model. etc.
Look at the weekly candle chart, from TA perspective, price just broke out of a systematic triangle - buillish sign.
PS: But still, you still have to do your own due dilligence, and only commit to ammount you are ok to lose. Small tips - as it's a highly volatile market, do not panic sell if price drops 10-20% in a day, ITS NORMAL.
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Bitcoin is ranked as a high risk high reward investment. You might want to use dollar cost averaging...
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My personal take is that we are only at the beginning of this bull cycle. However with that being said DCA is still the best way to go.