Should I HODL or buy more crypto? Binance offers investment advice
Binance has shared its perspective on two key strategies for crypto investing: dollar-cost averaging and HODLing.
The advice, published on the company’s blog, aims to guide investors through the volatile cryptocurrency market with a focus on long-term success.
According to Binance, dollar-cost averaging involves automatically investing a set amount at regular intervals, regardless of market prices. This strategy helps investors mitigate the impact of market volatility by spreading purchases over time.
For example, an investor allocating $200 monthly to Bitcoin (BTC) buys fewer units when prices are high and more when they are low, averaging out the overall cost. Binance suggested automating the process…
