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10020316 No.10020316 [Reply] [Original]

In short, I’m a broke college student with only $3.5k to my name. Other than putting my money in a savings account, is there any other way to just put my money somewhere and let it grow? I’m not knowledgeable enough to get stocks so I want an easier way.

>> No.10020321

>>10020316
BRAAAAAAAAAP

SNIFFF

>> No.10020326

>>10020316
BBRAAAAAAPPP

>> No.10020330 [DELETED] 

>>10020321
>>10020326
disgusting

>> No.10020348

>>10020316
Easiest way is to put it all on red in roulette and win.

>> No.10020361

Her face makes me sad. She is dead underneath all that make up and plastic surgery.

>> No.10020418
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10020418

>> No.10020426

>>10020418
I know this fuckin guy kek

>> No.10020443

>>10020426
you must be one hell of a boomer

>> No.10020455

>>10020316
Who is this dapper brapper?

>> No.10020460

>>10020455
Sofia Sivan

>> No.10020467

>>10020460
Much obliged

>> No.10020990

>>10020316
women like her exist to shoot your load all over their ass like a pollack painting

>> No.10021312
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10021312

>>10020316

>> No.10021357

>>10020316
Dollar cost average $500 per month into BC over the next 6 months.

>> No.10021371

>>10021357
*BTC

>> No.10021389

>>10021357
Explain the logic of dollar cost averaging to me.

Buying a stock when you think its about to go up is fine. But IMO buying a stock when you think it will go down is just madness.

>> No.10021398

>>10020316
kneepads are your friend

>> No.10021406

>>10020361
And semen, most times

>> No.10021418

>>10021389
Because you can not pin point the exact bottom of a stock, you can choose to avg. In. That way if the stock goes down after your initial few buys your average buy in is still lower than your initial buy in.

>> No.10021431

>>10021389
Well if you are certain it will go down, then sure, wait for the bottom. But bottom's are really impossible to time. We might have already reached it, or it might be another 2k down. No one really knows.

The purpose of DCA is to remove the effects of volatility from the cost-basis of your investment. If you choose a day in the month to put in your $500, and just stick to your plan every month, you don't even really need to worry about the charts every day. Just stick to your plan and hope that BTC doesn't fall to 0, which it might do, but probably won't.

Actually you probably shouldn't put the entire savings in. It really is true that you shouldn't put in more than you are willing to lose. Otherwise you will get nervous and panic sell at the slightest dip, and there are some serious fucking dips in crypto that you need to have balls of steel to ride.

>> No.10021445

>>10021418
While you can pinpoint the exact bottom it still makes little sense to buy if you expect the stock to continue dropping.

But don't take my word for it. You can look up studies that show that you will make less profit if you dollar cost average.

>> No.10021489

>>10021445
whut
>thinks you can pinpoint the exact bottom
>says don't buy if you expect the stock to continue dropping
imagine being this dense

yes I have heard of those studies. they mostly apply to investing in fucking index funds in the stock market, because you lose out on the bull-run. but we are NOT in a bull-market in crypto right now, and the extreme volatility of it makes it an ideal situation in which to employ DCA