When I first entered the cryptocurrency industry, I underestimated the power of compounding. It is important to remember that good investing may be done in two ways: first, by investing in levels, and second, by compounding.
So far, I've been successful in using DCA investment and have done so properly, but I've never tried compounding, which is the secret to effective investing.
Today, I am in profit, even though I invested at $1.04 to buy #hive and continued to DCA my investment until the price reached $0.55. After that, I spent all of my money and never invested again.
But my consistent blogging helped me recover my losses, and I am pleased now that my investment was so fruitful. I am not at loss after my investment, which shows the strength of DCA investing.
But what? If I had used that investment to compound, I would undoubtedly have received a significant return as of today. I merely ignore the power of compounding.
As a result, if you want to be a great investor, you must employ two critical tactics. One option is to invest your money in tiers, while the other is to use compounding.
It will take time, but you will undoubtedly gain greatly. Let's take an example. I have roughly $10,000 USDT, and if I compound it at a 20% yearly rate for three years, I will have around 4-5K USDT. That's fantastic.
This is a form of passive income, and if you additionally work for your investment, you will reap even more benefits.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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