When is it a good time to buy bitcoin? In my opinion, always. As Bitcoin continues to grow and appreciate dollar cost averaging is an excellent way to accumulate bitcoin.
Dollar cost averaging
Instead of losing sleep tracking the market, one would commit to a steady purchase over time. For example, say you get paid every other Friday. You can then set up a bitcoin savings plan where $50.00 of bitcoin is purchased every two weeks. Bitcoin can be quite volatile at times. Cost dollar averaging is a way to accumulate bitcoin without the stress of crazy market movements.
So purchasing $50 of bitcoin every two weeks from January 1st, 2019 through January 1st, 2021, you would have turned $2,650 into $9,109. That’s a 243% gain! See the specs here.
With Swan Bitcoin, it’s easy to set up a bitcoin savings plan. When you sign up with Swan using my link, you will get $10 of Bitcoin thirty days after your first purchase clears on a Swan Bitcoin savings plan.
Since 1950 the dollar has lost 90% of its purchasing power. As the dollar’s purchasing power continues to fall, due to endless printing of those dollars, Bitcoin’s fixed supply becomes a solid store of value for the long term. Don’t worry about timing the market when purchasing bitcoin. Swan Bitcoin‘s daily, weekly, or monthly savings options steadily convert your dollars to Bitcoin savings.
How It Works
- Link any US bank account.
- Create a savings plan to buy a set amount of Bitcoin daily, weekly, or monthly.
- Bitcoin will be automatically delivered to your wallet or stored for free with a secured licensed and regulated custodian.