Post
Topic
Board Beginners & Help
Re: When is the best time to invest in crypto?
by
tvplus006
on 04/05/2024, 13:29:02 UTC
...In an ideal world, it’s simple: buy low, sell high. In reality, this is easier said than done, even for experts. Instead of trying to “time the market,” many investors use a strategy called dollar-cost averaging (or “DCA”)  to reduce the impact of market volatility by investing a smaller amount into an asset — like crypto, stocks, or gold — on a regular schedule

DCA might be the right choice when someone believes their investments will appreciate in the long term and experience price volatility on the way there.

The DCA strategy is not a panacea and must be used correctly. If you start using the DCA strategy when Bitcoin has reached a high, then you will have to wait a very long time when you can lock in a profit.