2020 has been one of the most volatile years in recent history. The novel coronavirus has claimed hundreds of thousands of lives, closed businesses, and severely impacted economies on a global scale.
For some, investment can seem like a risky venture at a time like this. However, smart investing with an emphasis on security can be one of the best ways to ensure your hard earned assets survive the ebbs and flows of a volatile market.
At BitLeague, our term deposit program is designed for the investor that wants to secure his funds without limiting their potential. With guaranteed returns on plans from 3 months to 36 months (and no fees for early withdrawal) investing your BTC in a term deposit plan is a smart, safe way to continue to grow your holdings while shielding them from an unpredictable market. Of course, there are several other best practices you can employ to further protect your assets as well!
Invest consistently with dollar-cost averaging
Throwing massive amount of money into bitcoin at random isn’t a great idea for a number of reasons, but it’s especially risky when the market is volatile. Instead, investing the same amount of money over a consistent period of time is great for minimizing risk while steadily increasing opportunities for large gains. If you invest the same amount over time, market fluctuations won’t be as impactful as they normally would be if you only contributed large sums of money randomly.
Protect against need
One of the worst things you can do as an investor is invest funds that you may need later. The best strategy for making the most out of a volatile market is to only invest money that you can afford to lose. You want to be able to sit on your BTC investment for some time in order to enjoy real gains, and you can’t do that if you’re looking to withdraw your funds every other day. Create an investment plan that allows you to deposit funds that you can comfortably live without. This also will help you make more practical decisions about when to eventually buy or sell.
Deposit on a platform that works for you
There are many places to buy bitcoin from, but there are remarkably few that allow you to deposit with any chance of real, tangible returns. Here at BitLeague, our 100% free bitcoin term deposit plans are the first of their kind. Not only can you enjoy guaranteed returns over the length of your plan– you can also invest with little to no risk. You’ll receive returns in BTC, which means that no matter which way the market turns, you’ll always leave the term deposit program with more BTC than you started with.
Investing during a period of volatility doesn’t have to be stressful, nor does it have to be unpredictable. By following a few simple best practices, you can future-proof your finances and ensure growth no matter what the market may bring!