Post
Topic
Board Bitcoin Discussion
Re: DCA'ing isnt a bad strategy
by
irhact
on 17/09/2023, 17:42:00 UTC
People are trying to figure out the best way to invest in cryptocurrency because it can be very unpredictable. If you're an investor looking to reduce your risk, you might consider a strategy called dollar-cost averaging (DCA). However, using this strategy means you're less likely to make really big profits.

Many individual had decided to be using DCA strategy because it makes investing in Bitcoin very cheap as you won't have to buy Bitcoin costly but be buying it part by part based on the amount of money you have with you monthly or weekly depending on when it suits your to buy Bitcoin. DCA is a good strategy and it doesn't make you lose making profits as you said because DCA is more profitable during the bear market and that's when we're supposed to be accumulating bitcoin.

When you accumulate bitcoin in the bear market, it make it profitable when you sell during the bull market. DCA in the bear market makes you lots of profits in the bull market. DCA has been used by many investors and it has been said to be the best investment strategy.