For some cryptocurrency investors, their preferred investment approach is to invest on a regular basis, not to try and
buy the dips. For a highly volatile market such as cryptocurrencies, this method known as Dollar Cost Averaging (DCA),
means that investors are investing in the overall long-term trend of the market.
Clive Jimmieson of Crossgate Capital – New Zealand’s first regulated share offer in a company investing in bitcoin and
other cryptocurrencies – says ’the approach of considering cryptocurrencies as a long-term investment removes the near
impossible challenge of picking the bottom of the market”.
There has been a number of recent announcements in the world of cryptocurrencies, the most notable being, Libra,
Facebook’s entry into the market. Jimmieson noted, “this could move the dial for other companies who may have just been
focused on a blockchain approach without considering the need for a cryptocurrency strategy.”
Jimmieson stated, “we have been approached by a number of investors who are looking for an easy way to buy bitcoin and
other cryptocurrencies on a long-term regular basis and add to their investments in a simple quick method. “
Jimmieson added, “Crossgate Capital provides an easy on ramp into the world of cryptocurrency investing. We have now
made it even simpler by introducing an automated reinvestment option”.
“This provides a great option to our investors as it lets them stick to an investment plan and build their portfolio
over time.”
For investors who buy bitcoin or other cryptocurrencies using the DCA approach, they are not fixed to their screens
watching the charts.
Crossgate Capital provides investors an easy, convenient and non-technical path to cryptocurrency investment, says
Jimmieson. We take care of which cryptocurrencies to buy, storage, tax, reporting and keeping track of this fast-moving
market – removing the complications to invest is what we are all about.
For more information visit www.crossgatecapital.co.nz