DCA

Investing in cryptocurrency can be an exciting yet confusing venture, especially for beginners. Two popular strategies to navigate the volatility of the crypto markets are Dollar Cost Averaging (DCA) and Hodling. What is Dollar Cost Averaging (DCA)? Dollar Cost Averaging (DCA) is an investment strategy that involves purchasing a fixed dollar amount of a specific asset at regular intervals, regardless of its price. The principle behind DCA is to reduce the impact of volatility on the overall investment by spreading…

Dollar-cost averaging (DCA) is an investment strategy in which an investor divides the total amount of money to be invested across periodic purchases of a particular asset, regardless of the asset's price. The goal of this strategy is to reduce the impact of volatility on the overall purchase. How Does it work? Here's an example of how Dollar cost averaging works with a cryptocurrency such as Bitcoin: Let's say you have $10,000 that you want to invest in Bitcoin. Instead…