Chapter
Investing in Bitcoin without Timing the Markets
2:01:31 - 2:06:37 (05:06)
Instead of trying to time the highly volatile cryptocurrency market, a simple approach is to purchase Bitcoin every two weeks after receiving a paycheck, which will average out the cost over a long period of time.
Clips
Learn how to acquire Bitcoin without worrying about market timing or being a professional trader.
2:01:31 - 2:03:12 (01:41)
Summary
Learn how to acquire Bitcoin without worrying about market timing or being a professional trader. The best way is to take a percentage of your paycheck and use it to buy Bitcoin regularly.
ChapterInvesting in Bitcoin without Timing the Markets
Episode#171 – Anthony Pompliano: Bitcoin
PodcastLex Fridman Podcast
The strategy of dollar-cost averaging in Bitcoin is recommended to avoid the volatility of the market and buy at different prices over a period of time to get a blended average price.
2:03:12 - 2:05:11 (01:58)
Summary
The strategy of dollar-cost averaging in Bitcoin is recommended to avoid the volatility of the market and buy at different prices over a period of time to get a blended average price.
ChapterInvesting in Bitcoin without Timing the Markets
Episode#171 – Anthony Pompliano: Bitcoin
PodcastLex Fridman Podcast
The early stages of any company or currency can be quite volatile, and the argument for Bitcoin is that it is still in its early stages and will become more valuable in the future.
2:05:11 - 2:06:37 (01:26)
Summary
The early stages of any company or currency can be quite volatile, and the argument for Bitcoin is that it is still in its early stages and will become more valuable in the future. Volatility is not inherently positive or negative, but rather depends on your position and whether it is moving in your favor.