Sounds like it could be a bad thing? Or a… cuddly thing? In recent months, the terms “bear market” and “bull market” have been tossed around a lot in a variety of contexts. But what do those terms actually refer to, and what should we know about each of them?
The Mogo Blog
They say 'what goes up, must come down', but “down” doesn’t have to mean crashing into the dirt. Screw you, Isaac Newton!!! (Actually, Isaac Newton made some great points with gravity and we appreciate science very much. We take it back. Sorry.) This just highlights the importance of having the right strategy if you’re going to put money into a speculative asset class like bitcoin.1 So, we’re here today to teach you about a fun ‘lil term. DCA is an investment strategy based on dividing the total amount of money to be invested over a period of time, as opposed to just buyin’ it all at once. Some people do this as this can help reduce the impact of volatility on overall purchases. It also helps to avoid buying something at a really high price and then it falls. 📉 So, it’s the act of spreading your money out to buy at different prices, both high and low, because you have a belief in the long term prospect of the asset! Much like that Smash Mouth song….you’re a believer. Example time! Let’s take an asset like stocks or bitcoin. Instead of investing all