What is a Bitcoin Savings Plan?
A Bitcoin Savings Plan is a simple and effective way to leverage your savings through regular Bitcoin investments. Whether you are new to cryptocurrency or an experienced investor, our plan offers an easy and automated solution to gradually build your wealth.
Benefits of our Bitcoin Savings Plan
Take advantage of DCA
Buying on a weekly or monthly basis makes you less dependent on short-term price fluctuations.
Easy payment
You can set up a personal savings plan using Visa, Mastercard or SEPA.
Extra purchases
Additional Bitcoin purchases during significant price dips. This way you get more BTC at a lower price.
Choice at any time
Your funds are directly in your wallet. This means you can select them at any time and they are not locked.
What is DCA Strategy?
Dollar Cost Averaging (DCA) is an investment strategy that involves regularly investing the same amount of money in a certain asset, regardless of its current price. The goal of this strategy is to reduce the impact of volatility on the overall investment.
Advantages
Risk reduction: By spreading the investment over time, you reduce the risk of buying at a high price.
Emotional stability: You avoid trying to time the market, which can be emotionally demanding and risky.
Spreading risk: You buy more units of an asset when its price is low and fewer units when its price is high. This averages out your purchase price.
Calculate backwards how much you would save
To display the chart, enter the amount you want to invest
Extra purchase in DCA strategy
The feature is designed to help you get the most value out of your savings. Set the percentage by which the market must fall to automatically buy another share into your position. This feature allows you to make the most of market volatility and lower the average BTC purchase price.
How does it work?
- You define the extra purchase: You choose the percentage drop at which the purchase should be made
- Automatic decline response: If the market falls below the level you set, the next part of your position will be automatically bought.
- Purchase Price Optimization: By buying in at lower prices, you achieve a lower average BTC purchase price, increasing your profit potential as the market subsequently rises.
Why is it advantageous?
- Lower average purchase price: Extra buys allow you to buy more when prices are low, reducing the average purchase price of BTC.
- Passive strategy: You don't have to constantly monitor the market, everything is automatic.
- Effective risk management: Allows you to better use market volatility and declines to your advantage.
How to start
1.
Sign up for Coingarage
Create an account and log in to your profile.
2.
Set up a BTC savings plan
On the Savings to BTC page, set the amount and intervals of saving
3.
Make money
Watch your earnings grow.