Post
Topic
Board Bitcoin Discussion
Re: DCA'ing isnt a bad strategy
by
karabiber
on 11/09/2023, 06:14:23 UTC
What is your opinion?
And and which method do you prefer to be used in this present market conditions?

Depending on your risk capacity, the strategies you can choose vary. Among these, DCA is one of the risk free and efficient strategies. I don't want to explain DCA because DCA has been explained enough on this topic. If your risk appetite is high, i can recommend a few more strategies. We are in the crypto markets to make money and with DCA we can only go so far. Smart traders shouldn't stick to one strategy and should take some risks at times.

Scalping and Day Trading strategy is one of them. It is worth remembering that Scalping and Day trading are suitable for experienced traders or investors who are willing to accept high levels of risk and have no difficulty in monitoring the market continuously. If you don't know enough about the market, don't engage in this strategy. If you are a newcomer, i would recommend the DCA and Trend strategy. One of the advantages of the Trend strategy in particular is that it is a relatively simple strategy to follow, especially for beginners. Trends are also easy to spot because they are more durable over time. In addition, trends can be detected in many different asset classes, which makes this strategy flexible.