Post
Topic
Board Trading Discussion
Re: I'm now Dollar Cost Averaging BTC. Any better strategy?
by
JeremyPeng
on 25/07/2019, 06:12:34 UTC
Though -4.9% loss so far, I believe I'll make profits soon!

https://i.redd.it/res18v6s4vb31.png

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.






Yes. In short term it cannot help me, so I also use Grid Trading Bot to help me earn the short term profit.