Bamboo House DCA Account Launch
At Bamboo, we're not just about providing a platform for easy investing in Bitcoin, Ethereum, Gold, and Silver. We truly believe in the power of dollar cost averaging (DCA), and we're committed to helping our users achieve their financial goals. That's why we're excited to announce the launch of our Bamboo House DCA Wallet, where we'll be investing $100 each week in the “Crypto” portfolio in an app, made up of 50% Bitcoin and 50% Ethereum. Walking our talk, DCA'ing alongside our users.
DCA involves investing a fixed amount of money at regular intervals, regardless of market conditions. By doing so, buying more of the asset when prices are low and less of the asset when prices are high. This approach helps to smooth out market volatility and get the average price of the asset over time.
We're not just talking the DCA talk, we're walking the walk. By investing in our own Bamboo House Wallet, we're demonstrating our commitment to this strategy and showing that we're in this with our users for the long haul. Regardless of market movements, we'll continue to invest $100 each week in the house wallet and share the current performance of it in our fortnightly newsletters. It'll look something like this...
It’s also worth pointing out that we offer the opportunity to invest in Bitcoin and Ethereum because these are the two biggest crypto’s by market cap, with a combined market cap of over $700 billion at the time of writing this blog. Both also have underlying technologies that we believe will continue to shape the future of finance and technology.
If we look at the history of crypto, it's been volatile. Although we understand that it may continue to be volatile, we believe that by adopting a disciplined investment approach such as dollar cost averaging we can help everyday people achieve their investment goals.
We will be investing $100 a week in our Bamboo House account using the recurring top-ups feature in-app to ensure that our investment happens every week on autopilot. A hugely popular feature within our user base that we see as a massively helpful way to keep our investment plan in place and on track as well.
We'll be providing updates on the performance of our Bamboo House Wallet in our fortnightly newsletter moving forward, so be sure to keep tabs on how its performing. We're excited to embark on this journey with our users and look forward to sharing our progress.
The information provided in this article is for informational purposes only and should not be construed as financial advice. The information provided should not be relied upon for financial decisions. The author is not a financial advisor and is not qualified to provide financial advice.
The author does not endorse any of the products or services mentioned in this article and is not responsible for any losses or damages that may occur as a result of using the information provided in this article.
It is important to do your own research (DYOR) and understand the risks involved before investing in any cryptocurrency or other financial product. You should also consult with a financial advisor before making any investment decisions. Investing in cryptocurrencies is a high-risk investment. You should only invest money that you can afford to lose.