How to grow your crypto portfolio with recurring investments

Source

When I heard about cryptocurrency investment for the first time, I had friends around me investing hundreds of dollars into crypto so I had this notion that to properly get into crypto investment you'll have to have put in a substantial amount of money into it.

The crypto market is volatile thus it makes it hard for crypto investors and traders to time and predict how the market goes and when to make profitable trades or investments.

Crypto investors now use the recurring investment strategy to reduce the impact of the crypto market volatility and also take out the responsibility of having to always time the market to make investments or trade.

Recurring Investment

Recurring investment is when you invest a predetermined amount of money regularly over a period of time. This method of investment helps you invest money you can spare consistently. It can either be done daily, weekly, monthly, or even quarterly.

This investment method can be hard to keep up with for people who are always busy and engaged in other activities. So this investment method is mostly automated.

Most times we get overwhelmed by how much other people's portfolio is worth without knowing how long it took to get their portfolio to that level or even how much they invest regularly.

The recurring investment method helps you grow your crypto portfolio over a period of time by investing money a specific amount of money regularly.

Why make recurring investments?

Firstly, recurring investments take out the emotions attached to investments. A lot of investments decisions get made out of emotions and sentiments because of the state of the market thereby bringing about an unstable investment pattern that might lead to losses.

It makes sure you make your investments regardless of the state of the crypto market.

Secondly, it helps grow your portfolio gradually. We've seen in the last year how much crypto projects can grow over time, recurring investment makes sure you don't miss the longtime growth of crypto projects.

It also makes sure you only invest within your means thereby helping you manage the risks associated with investing in crypto.

Final Thoughts

Investing in crypto can be tricky and come with risk but with recurrent investments in crypto, you can manage the risk. It also helps build your crypto portfolio regardless of much you invest. It is better to start small than never start.

Posted Using LeoFinance ^Beta