Seize Your Chance to Win Big with Bitpanda
Welcome to 2024! Start this year with a thrilling opportunity to win €1,200 courtesy of Bitpanda. Open a new cryptocurrency savings plan, and you could be among 10 lucky winners receiving €100 monthly throughout the year. Wondering how to get in on this? Let’s dive in.
How to Participate in Bitpanda’s €1,200 Giveaway
A New Year, A New Opportunity
Bitpanda is celebrating 2024 by offering a chance to win €1,200 over the year. This means €100 each month for 12 months. Here’s how you can throw your hat in the ring:
- Open a New Savings Plan: Start a new cryptocurrency savings plan with a minimum of €100 on Bitpanda’s exchange platform.
- Choose Any Cryptocurrency: You can opt for any cryptocurrency between January 8 and 28, 2024.
- Await the Draw: Bitpanda will randomly select 10 participants who meet the contest requirements.
Winners will receive €100 directly in their Bitpanda account each month until December 2024.
The Benefits of Saving with Bitpanda
Building Long-term Capital Efficiently
Opening a savings plan with Bitpanda is a smart strategy for long-term capital growth. Here’s why:
- Dollar Cost Averaging (DCA): Regularly buying assets reduces market volatility impact on your capital.
- Automated Purchases: Set up direct debits from your bank card or through bank transfers.
- Flexibility: You can pause and restart your savings plan anytime.
Bitpanda’s diverse market investment options include cryptocurrencies, stocks, precious metals, commodities, and custom indices.
Understanding Dollar Cost Averaging (DCA)
Smoothing Out Your Investment Journey
DCA is a strategy to balance the purchase price of an asset over time, especially useful in the volatile world of cryptocurrencies. For instance, buying €1,000 of Bitcoin at its peak in November 2021 would have resulted in significant losses by November 2022. However, spreading the same amount over 10 months would have resulted in a better average purchase price and fewer losses.
See Graph: Bitcoin Price with DCA Strategy vs. Single Purchase
How Bitpanda’s Contest Highlights DCA
Embracing a Wise Investment Approach
Bitpanda’s contest is more than just a chance to win money. It’s an opportunity to experience or enhance your investment strategy with DCA. It’s about making informed, long-term investment choices.
Ready to join Bitpanda?
Take Your Shot with Bitpanda
Eager to participate? Try your luck by visiting Bitpanda’s website today!
