1. Dollar-Cost Averaging (DCA):
DCA, as mentioned earlier, involves regularly investing a fixed dollar amount into a cryptocurrency regardless of its price. This strategy mitigates market volatility and encourages disciplined, stress-free investing.
I will not count DCA as a trading strategy because it is used for holding purposes, and you will get good results in holding by following DCA while getting lesser returns in trading. Holding and trading are two different things. In trading, sometimes you have to break your discipline because the market is not following any, so why will we follow ours? We have to move and modify ourselves with the market. But in holding, we know the consequences, or at least have some idea, near 100%.
4. Copy Trading:
Copy trading is often overlooked but can be a game-changer for those who wouldn't mind copying an expert's trade. This strategy involves replicating the trades of experienced traders automatically. By choosing a skilled trader to follow, you can benefit from their expertise without actively managing your portfolio.
I will not do copy trading at all cost, but might get an idea of what type of strategy and tool people are using to make trades, I will only follow them to enhance my experience. But never will do copy trading by following an expert who might be trading with $1 Mil and I have only $100. That's not a good thing and newbies should know that. Overall, you have mentioned some good but pretty basic terms which I think almost every member of this platform must be aware of.