Investing often seems intimidating, particularly for novices, but in reality, it's frequently overcomplicated or completely misunderstood. Individuals think they are investing when in reality they are trading.

Don’t Trade, Rather Invest.

‍Trading is akin to sprinting in a marathon; it's fast-paced, high-energy, and often, high-risk. It involves taking a short-term approach to a long-term activity. Traders try to time the market by buying assets when prices are low and selling them when prices are high.

This sounds easy, but our inherent biases as humans often lead us astray - buying in the hysteria of rising prices (FOMO) and panic-selling when the market dips. Yet, over the years history has shown us that this approach rarely ends well. 

‍Investing, however, is the marathon itself. It's about endurance, patience, and looking at the bigger picture. It involves a long-term approach, understanding the fundamental value of an asset and continuously buying and holding onto it, letting compounding returns work their magic over time.

So how can you invest without falling victim to the human intuition of selling an asset at low prices and buying one at high prices? The answer lies in a strategy known as Dollar-Cost Averaging (DCA).

What is Dollar-Cost Averaging (DCA)?

Dollar-Cost Averaging (DCA) simplifies investing. 

It involves regularly investing a fixed amount, regardless of market ups and downs and any other influential factors. Imagine investing $100 in Bitcoin weekly for three years. You're not trying to time the market; instead, you're averaging out your purchase price over time, shielding yourself from market volatility and removing all human error from the equation. This allows you to enjoy the benefits of compounding returns over time without the stresses that come with checking the price on a daily basis – a strategy that truly shines in the unpredictable world of crypto where price volatility and FOMO seem to drive people's investment decisions more than normal.

How Has Dollar-Cost Averaging (DCA) Performed In The Crypto Market?

‍Let’s consider the scenario of investing $100 weekly in Bitcoin (DCA) vs a buy-and-hold strategy over the previous 3-year period.  

Over the last 3 years, and even with the inclusion of a bear market, it is clear that the DCA strategy (121.83%) has significantly outperformed the buy-and-hold strategy (18.84%) by more than 102.46%. Not only does the DCA strategy outperform the buy-and-hold strategy, but it also allows the investors to take a far less risky approach to investing through smaller consistent investments rather than one large risky bet.

What Are Recurring Buys?

While a DCA strategy is easy to understand and its benefits are clear, the implementation of this strategy requires high levels of consistency and discipline. That's where Altify's Recurring Buys step in.

Altify’s Recurring Buys feature fully automates your DCA investment strategy, allowing you to have a set-and-forget approach to investing. With Altify’s Recurring Buy feature you can simply select the asset of your choice, the regular amount of money you wish to invest and the predetermined time-period (a weekly or monthly basis) then Altify will do the rest.

Why Create a Recurring Buy Order on Altify?

Altify's Recurring Buys feature is designed to eliminate the guesswork and emotional biases from your investment decisions. It ensures your investments are timely and consistent, without the need for constant market monitoring. Plus, you have the flexibility to adjust or cancel your plan anytime.

No more worrying about timing the market or manually executing transactions – just make sure you always have enough money in your cash balance and the rest is taken care of.

Who are Recurring Buys for?

If you are excited about the long-term growth potential of a cryptocurrency or Crypto Bundle’s and prefer a gradual, disciplined approach to market entry, Altify's Recurring Buys are for you.

‍How Do I Get Started?

Get started in a few simple steps:

1. Log into your Altify account on the mobile app.

2. Select the product you would like to set up a Recurring Buy for on the products page.

3. Select Create Recurring Buy.

4. Enter the amount you’d like to invest on a recurring basis.

5. Select whether you prefer your Recurring Buy to occur weekly or monthly and select the specific date or day.

6. Confirm your Recurring Buy and voila – you've successfully incorporated a dollar-cost averaging approach into your investment strategy!

Alternatively, you can navigate to your ‘Profile’ in the mobile app and follow the quick setup from there.

New to Altify?

Sign up in seconds:

1. Download the Google Play or Apple App Stores

2. Verify your account

3. Make a deposit 

4. Start Saving and Investing 

Embarking on your crypto investment journey with Altify's Recurring Buys feature means embracing a smarter, more disciplined, and emotionally detached approach to investing. It's not just about participating in the market; it's about doing it wisely, consistently, and with a vision for long-term growth.

Start with Altify today, and make your crypto investment journey both stress-free and efficient.