Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Building an investment in crypto with dollar cost averaging

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

© Scoop Media

Business Headlines | Sci-Tech Headlines


Air New Zealand: Flying Year-round To Popular Queensland Destinations

Air New Zealand is moving to year-round direct flights on its Auckland-Cairns, Auckland-Sunshine Coast and Christchurch-Gold Coast routes under an agreement with the Queensland Government... More>>

SEA: Another First For Solar Energy In New Zealand

The Sustainable Energy Association NZ (SEANZ) congratulates Sunergise on the commissioning of the Sunergise Kapuni Solar Power Plant, the largest in the country... More>>

Accenture: More Boomers Than Zoomers Want To Work From Home

While often associated with tech savvy Gen Z or Zoomers, new global research from Accenture shows that the push for more flexible working environments is being led by Gen Xers and Baby Boomers... More>>

Banking: Westpac New Zealand To Remain Part Of Westpac Group

Westpac New Zealand Limited (WNZL) remains part of Westpac Group following a decision for the two businesses not to demerge. Westpac Group Chief Executive Officer, Peter King, said: “After a detailed review, we believe a demerger of the WNZL business would not be in the best interests of shareholders... More>>

Mercury: Enters Into Binding Agreements To Acquire Trustpower’s Retail Business

Mercury NZ Limited (Mercury) has announced that it has entered into binding agreements with Trustpower Limited (Trustpower, NZX:TPW) to acquire Trustpower’s retail business for NZ$441 million... More>>


ASB: New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution... More>>