What I've Learnt So Far On Khaleelkazi's TikTok Page - Buying & Selling Using Dollar Cost Average (DCA)

I'm not a big fan of web2.0, but I downloaded TikTok (web2.0) about a month ago, primarily because of khal. I became a fan of his page and enabled notifications. So anytime he posted a video, I swiftly watched it and downloaded some of it to share on my WhatsApp status.

To be honest, I've become addicted to his crypto talk and tips since I started watching them, and I've picked up a few crypto tips along the way. I'll be sharing one of them with you guys.

Dollar Cost Average

Dollar Cost Averaging simple means buying or selling tokens piece by piece at different price in order to get the best quantity.

Khal revealed in one of his videos how DCA assisted him in successfully purchasing Bitcoin and other cryptocurrencies.

He talked about his key to success, DCA, in one of his recent videos, and described how he used DCA to buy Bitcoin with his paycheck. He also talked about how he acquired LUNA and RUNE using DCA in another video. He gradually increased his holdings till he became a crypto millionaire. DCA is the safest and most cost-effective technique of investment since it requires no reading of charts or patterns or technical analysis.

Do You Know You Can Use DCA To Buy Or Sell Tokens?

Dollar Cost Average can be used to buy tokens during a dump, this simple means buying the tokens piece by piece as it dump.

For instance, you have $1000 and want to purchase BTC during a dips... You can simple use DCA. You can simply buy $200 worth of the BTC when the price is $50k, then it dropped to $45k, you can another $300, then it dropped to $40k, you invested another $200, and ultimately it dropped to $35k, then you bought $300 worth. You have successfully bought $1000 worth of BTC at an average price of $42.5k

Dollar Cost Average can as well be use to sell token during a pump, this simple means selling the token piece by piece as it pump.

For instance, you have 1000 Hive and want to sell during a pump... You can simple use DCA. You can simply sell 200 Hive when the price is $1, then it rise to $1.5, you can another 300 Hive, then it rise to $2, you sell another 200 Hive, and ultimately it pumped to $2.5, you finally sold the remaining 300 Hive. You have successfully sold 1000 Hive at an average price of $1.75.

Don't forget to download TikTok if you haven't, sign up, search for khal_leo, follow, like and turn on notification.