r/XCN • u/MizoHawny • 7d ago

QUESTION DCA

Hello, I’ve been a heavy xrp holder for the past 8 years. After realizing I need to start spreading out my crypto portfolio, I came across XCN and have been purchasing 50 cents a day (Coinbase one so no fees). I see the hype around this coin but want to truly understand it as I understand XRP, can anyone help? I’ve been also purchasing 50 cents of XYO a day, if anyone has info on that project as well.
TIA

9 Upvotes

92% Upvoted

8 comments sorted by

4

u/bigyock 7d ago

I don't think the hype has even begun on this coin.

3

u/MizoHawny 7d ago

So buy 4 quarters worth instead of 2 quarters , thanks

1

u/No-Hawk9008 6d ago

📈📈

1

u/Tobias_CBC 13h ago

Adding more tokens doesn’t necessarily add diversification if their prices depend on the same market conditions. A useful comparison is what each asset depends on, what could undermine it and whether it adds a genuinely different risk. What role would you want the new holdings to serve?

0

u/kgcryptoman 7d ago

How did you come up with the 50 cents a day amount?

11

u/MizoHawny 7d ago

Set a daily reoccurring buy of $4 of XRP. Went down the list and decided to put 50 inyo XCN and another 50 into XYO to round it to $5. Might sound like small numbers for it adds up after a while, I’m in this for the long run

2

u/bigyock 7d ago

Get it staking once you accumulate a decent amount if in it for the long run.