Post
Topic
Board Trading Discussion
Re: I'm now Dollar Cost Averaging BTC. Any better strategy?
by
avikz
on 24/07/2019, 14:01:23 UTC
Though -4.9% loss so far, I believe I'll make profits soon!



DCA is an excellent strategy for long term investment. However, it is only beneficial in short term when the price fluctuations are high. It won't help you much in short term if the price fluctuations remain within 3% to 5%. But yes, it will help you in long term if you can efficiently identify the most opportune times to invest.