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Financial Education: Dollar Cost Averaging by taskmaster4450le

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· @taskmaster4450le · (edited)
$34.53
Financial Education: Dollar Cost Averaging
<center>

[![](https://img.3speakcontent.online/sctzneuc/thumbnails/default.png)](https://3speak.tv/watch?v=taskmaster4450le/sctzneuc)

▶️ [Watch on 3Speak](https://3speak.tv/watch?v=taskmaster4450le/sctzneuc)

</center>

---

Dollar Cost Averaging (DCA) is a proven strategy for amassing wealth.

To implement this one needs to:

* have a long-term mindset

* be sure of the assets that one is amassing

In this video I discuss how this is a great strategy for people to utilize in creating wealth.  Understanding the basics of how this works is a very powerful step for newer people to implement.

---

▶️ [3Speak](https://3speak.tv/watch?v=taskmaster4450le/sctzneuc)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 216 others
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vote details (280)
@acesontop ·
This post makes so much sense. I wonder though how many of the ones calling for Bitcoin at $100k by the end of the year are actually buying anything at the moment. It's more than $35,000 down, what a discount. Retail usually doesn't like discount. I bought XTZ at $4, but I'm not buying any at a bit over $2. I completely agree with you. The best times to accumulate HIVE and be active is during bearish times, that's when the majority is "having vacations". 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@acesontop/re-taskmaster4450le-6vjvt7)
👍  
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@ai-summaries ·
**Summary:**
In this video, Task discusses the concept of dollar-cost averaging as a valuable approach to long-term wealth generation, especially during periods of market volatility. He emphasizes the importance of choosing assets that have strong long-term potential and using dollar-cost averaging to accumulate more of those assets over time, regardless of short-term price fluctuations. Task explains how this strategy works through examples involving stock purchases and Bitcoin investments, highlighting the benefits of lowering the average cost per share through consistent buying at varying prices. He also links this strategy to opportunities in the cryptocurrency space, specifically mentioning the platform Hive as an example. Task concludes by encouraging viewers to adopt a long-term perspective, stay active during market downturns, and continue accumulating assets through dollar-cost averaging.

**Detailed Article:**
Task opens the video by introducing the topic of dollar-cost averaging within the context of financial education and long-term wealth building. He stresses the importance of being invested in assets with strong growth potential over the long term and being confident in their success five to ten years down the line. Task uses examples of companies like Tesla, Amazon, and Apple, which have shown significant growth over time, contrasting them with failed companies like Sears and Toys R Us, illustrating the importance of choosing the right assets for this strategy.

Task proceeds to explain the concept of dollar-cost averaging, which involves buying the same asset at regular intervals regardless of its price fluctuations. He provides a detailed example using stock purchases, demonstrating how consistently investing the same amount of money at different prices can lead to accumulating more shares at a lower average cost per share. Task further illustrates how this strategy can be applied in the context of Bitcoin investments, emphasizing the potential benefits of accumulating more Bitcoin by buying at varying price points over time.

The speaker brings attention to the significance of viewing market pullbacks as opportunities rather than setbacks, drawing parallels to retail sales where discounted prices are seen as advantageous. Task mentions Warren Buffett's perspective on stocks being on sale during market downturns and encourages viewers to adopt a similar long-term outlook when considering investment opportunities. He highlights the role of dollar-cost averaging in taking advantage of price fluctuations and accumulating more assets over time, leading to potential profitability during market upswings.

Task transitions to discussing the application of dollar-cost averaging in the cryptocurrency space, specifically referencing the platform Hive, where users can earn cryptocurrency rewards through activities like curation, posting, and commenting. He explains how consistent accumulation of Hive tokens at zero cost can significantly reduce the net cost per token, potentially increasing profits in the event of a price rise. Task advises viewers to remain active and accumulate assets during downtrends, positioning themselves for future growth opportunities.

In conclusion, Task emphasizes the importance of a long-term perspective, resilience during market fluctuations, and the benefits of dollar-cost averaging in building wealth over time. He encourages viewers to stay engaged, focus on accumulating assets strategically, and seize opportunities presented by market volatility. The video serves as a comprehensive guide to understanding and implementing dollar-cost averaging as a valuable wealth-building strategy in both traditional markets and the realm of cryptocurrencies.
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@beerlover ·
<div class='pull-right'>https://files.peakd.com/file/peakd-hive/beerlover/yiuU6bdf-beerlover20gives20BEER.gif<p><sup><a href='https://hive-engine.com/?p=market&t=BEER'>View or trade </a> <code>BEER</code>.</sup></p></div><center><br> <p>Hey @taskmaster4450le, here is a little bit of <code>BEER</code> from @pixresteemer for you. Enjoy it!</p> <p>Learn how to <a href='https://peakd.com/beer/@beerlover/what-is-proof-of-stake-with-beer'>earn <b>FREE BEER</b> each day </a> by staking your <code>BEER</code>.</p> </center><div></div>
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@etiboy56 ·
Lovely post and really appreciated.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@etiboy56/re-taskmaster4450le-55sypr)
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@pixresteemer ·
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 66 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-65-and-start-week-66) just started...you can now check the winners of the previous week!</center><center>!BEER</center><center><sub>3</sub></center>
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@rob23 ·
Familiar topic! LOL well done, being sure of what you are buying into is something that I lacked for quite a while, but that has absolutely changed after being on here for a few months. It's changed my directionality for sure.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@rob23/re-taskmaster4450le-3vqnbt)
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